Orvana Minerals Corp.
TSX : ORV

Orvana Minerals Corp.

October 05, 2009 09:44 ET

Amalgamation of Kinbauri Gold Corp. and Orvana Minerals Acquisition Corp.

TORONTO,ONTARIO--(Marketwire - Oct. 5, 2009) - Orvana Minerals Corp. (TSX:ORV) andOrvana Minerals Asturias Corp. today announced that Kinbauri Gold Corp. andOrvana Minerals Acquisition Corp., each wholly-owned subsidiaries of OrvanaMinerals Corp., were amalgamated effective October 1, 2009 to form OrvanaMinerals Asturias Corp.

FollowingOrvana's acquisition of all of the issued and outstanding common shares ofKinbauri by way of a compulsory acquisition pursuant to the provisions of the CanadaBusiness Corporations Act, Kinbauri's common shares were delisted from theTSX Venture Exchange, effective at the close of business on September 25, 2009,and application was made to the relevant provincial securities commissions forOrvana Minerals Asturias Corp. to cease to be a reporting issuer.

AboutOrvana

Orvanais a well-established mine operator with an experienced management team thathas collectively brought a number of underground mines into production.

Forward LookingDisclaimer

Certainstatements contained in this press release concerning objectives, goals,strategies, intentions, plans, beliefs, expectations and estimates areforward-looking statements. The words "believe", "expect", "intend", "may","anticipate", "will", "would" and similar expressions and the negative of suchexpressions are intended to identify forward-looking statements, although notall forward-looking statements contain these identifying words. Theseforward-looking statements are not based on historical facts, but rather on currentexpectations, assumptions and projections about future events. While OrvanaMinerals Corp. and Orvana Minerals Asturias Corp. consider these expectations,assumptions and projections to be reasonable based on information currentlyavailable, they may be proven to be incorrect. Known and unknown factors couldcause actual results to differ materially from those projected in theforward-looking statements. Given these uncertainties, readers are cautionednot to place undue reliance on such forward-looking statements.

Contact Information

  • Orvana Minerals Corp.
    Malcolm King
    (416) 369-1629