Post by Franko10 ™ on Aug 30, 2005 14:20:27 GMT -5
Kensington Resources Ltd.: Special Meeting of Securityholders set for October 21, 2005
11:55 EDT Tuesday, August 30, 2005
VANCOUVER, British Columbia (Business Wire) -- Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) reports that it has called a special meeting of securityholders for Friday, October 21, 2005 in Vancouver, British Columbia. At the meeting, the common shareholders, option holders, warrant holders and broker warrant holders will be asked to approve a proposed Plan of Arrangement (the "Arrangement") with Shore Gold Inc. The formal information circular containing the details and conditions of the Arrangement is expected to be mailed to the securityholders on September 26, 2005. Please refer to the joint news release of the Company and Shore Gold Inc. dated August 15, 2005 for further details of the Arrangement.
Kensington Resources Ltd. is an exploration and mine development company currently focused on the high potential Fort a la Corne Diamond Project in Saskatchewan. The management team includes strong technical expertise and is committed to reaching a diamond producer status for the realization of shareholder value. The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.245%), De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM Inc. (carried 10%). After fifteen years of exploration at Fort a la Corne, the joint venture partners have entered into an accelerated results-driven advanced exploration and evaluation phase targeted on reaching a pre-feasibility decision in 2008. The Fort a la Corne Diamond Project includes 63 identified kimberlite bodies within the largest diamondiferous kimberlite cluster in the world.
Robert A. McCallum, President & CEO
Kensington Resources Ltd.
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
¶ The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Kensington Resources Ltd. (TSX VENTURE:KRT)
Kensington Resources Ltd.
Robert A. McCallum
President & CEO
1-800-514-7859 or (604) 682-0020
Fax: (604) 682-0021
rob-mccallum@kensington-resources.com
OR
Kensington Resources Ltd.
Mel Gardner
Manager Investor Relations
1-800-710-6083
mel-gardner@kensington-resources.com
www.kensington-resources.com
11:55 EDT Tuesday, August 30, 2005
VANCOUVER, British Columbia (Business Wire) -- Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) reports that it has called a special meeting of securityholders for Friday, October 21, 2005 in Vancouver, British Columbia. At the meeting, the common shareholders, option holders, warrant holders and broker warrant holders will be asked to approve a proposed Plan of Arrangement (the "Arrangement") with Shore Gold Inc. The formal information circular containing the details and conditions of the Arrangement is expected to be mailed to the securityholders on September 26, 2005. Please refer to the joint news release of the Company and Shore Gold Inc. dated August 15, 2005 for further details of the Arrangement.
Kensington Resources Ltd. is an exploration and mine development company currently focused on the high potential Fort a la Corne Diamond Project in Saskatchewan. The management team includes strong technical expertise and is committed to reaching a diamond producer status for the realization of shareholder value. The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.245%), De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM Inc. (carried 10%). After fifteen years of exploration at Fort a la Corne, the joint venture partners have entered into an accelerated results-driven advanced exploration and evaluation phase targeted on reaching a pre-feasibility decision in 2008. The Fort a la Corne Diamond Project includes 63 identified kimberlite bodies within the largest diamondiferous kimberlite cluster in the world.
Robert A. McCallum, President & CEO
Kensington Resources Ltd.
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
¶ The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Kensington Resources Ltd. (TSX VENTURE:KRT)
Kensington Resources Ltd.
Robert A. McCallum
President & CEO
1-800-514-7859 or (604) 682-0020
Fax: (604) 682-0021
rob-mccallum@kensington-resources.com
OR
Kensington Resources Ltd.
Mel Gardner
Manager Investor Relations
1-800-710-6083
mel-gardner@kensington-resources.com
www.kensington-resources.com