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Orex Minerals Inc And Astral Mining Corporation Announce Final Court Order Approving Arrangement


Tuesday, 5 Feb 2013 05:33pm EST 

Orex Minerals Inc and Astral Mining Corporation announced that further to their joint announcement made earlier, the Supreme Court of British Columbia granted its final order approving the acquisition of all the issued and outstanding common shares of Astral by Orex by way of a plan of arrangement (the Arrangement). At Astral's annual general and special meeting held on January 31, 2013, shareholders of Astral approved the Arrangement. On the closing date of the Arrangement, Orex will issue to Astral's shareholders 0.0834 of an Orex common share for each issued and outstanding common share of Astral held by an Astral shareholder (the Exchange Ratio). The holders of Astral warrants and options outstanding on the closing date of the Arrangement will, upon exercise, be entitled to receive that number of Orex shares adjusted in accordance with the Exchange Ratio and the terms and conditions of the warrants and options. The closing of the Arrangement will occur on February 12, 2013. The ex-distribution date related to trading of Astral's common shares on the Exchange will be February 8, 2013. The common shares of Astral will be halted from trading on the Exchange after the close of the market on February 11, 2012 and will be de-listed from the Exchange following closing of the Arrangement. 

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