Owner
Post by Franko10 ™ on Jun 14, 2005 11:36:59 GMT -5
Blue Note Spin-Off Receives Court Approval
12:27 EDT Tuesday, June 14, 2005
SHARES OUTSTANDING: 61 MILLION
SYMBOL & EXCHANGE: FGT-V
MONTREAL, June 14 /CNW/ - Forest Gate Resources Inc. reports that it has received a final order approving the arrangement between it and its wholly- owned subsidiary, Blue Note Metals. The order was granted by Quebec Superior Court on June 9, 2005.
The Boards of Directors of both Forest Gate and Blue Note will establish the Effective Date up to which shares in Forest Gate may be purchased and receive their proportionate value in Blue Note shares as part of the arrangement. This effective date will coincide with the closing of Blue Note's private placement with Northern Securities currently anticipated to be June 30, 2005.
Forest Gate is a publicly traded mineral exploration company with diamond properties in Saskatchewan and precious and base metal properties in New Brunswick. The company's shares and warrants trade under the symbol FGT on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange has not reviewed nor does it accept
responsibility for the adequacy or accuracy of this news release.
/For further information: ROBERT KRAMBERGER, INVESTOR RELATIONS, FOREST GATE RESOURCES INC., (866) 666-3040, RKRAMBERGER(at)FORESTGATE.CA, WWW.FORESTGATE.CA OR LORNE WOODS, VICE PRESIDENT, CORPORATE DEVELOPMENT, BLUE NOTE METALS INC., (800) 937-3095, LWOODS(at)BLUENOTEMETALS.CA/
12:27 EDT Tuesday, June 14, 2005
SHARES OUTSTANDING: 61 MILLION
SYMBOL & EXCHANGE: FGT-V
MONTREAL, June 14 /CNW/ - Forest Gate Resources Inc. reports that it has received a final order approving the arrangement between it and its wholly- owned subsidiary, Blue Note Metals. The order was granted by Quebec Superior Court on June 9, 2005.
The Boards of Directors of both Forest Gate and Blue Note will establish the Effective Date up to which shares in Forest Gate may be purchased and receive their proportionate value in Blue Note shares as part of the arrangement. This effective date will coincide with the closing of Blue Note's private placement with Northern Securities currently anticipated to be June 30, 2005.
Forest Gate is a publicly traded mineral exploration company with diamond properties in Saskatchewan and precious and base metal properties in New Brunswick. The company's shares and warrants trade under the symbol FGT on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange has not reviewed nor does it accept
responsibility for the adequacy or accuracy of this news release.
/For further information: ROBERT KRAMBERGER, INVESTOR RELATIONS, FOREST GATE RESOURCES INC., (866) 666-3040, RKRAMBERGER(at)FORESTGATE.CA, WWW.FORESTGATE.CA OR LORNE WOODS, VICE PRESIDENT, CORPORATE DEVELOPMENT, BLUE NOTE METALS INC., (800) 937-3095, LWOODS(at)BLUENOTEMETALS.CA/
