Asian Resource Global Strategies Inc.
TSX VENTURE : GSI.P

December 30, 2010 16:26 ET

Asian Resource Global Strategies Inc. Announces Filing of Long Form Non-Offering Prospectus

TORONTO, ONTARIO--(Marketwire - Dec. 30, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Asian Resource Global Strategies Inc. (TSX VENTURE:GSI.P)("Asian Resource" or the "Company"), a capital pool company, is pleased to announce that it has filed its Final Long Form Non-Offering Prospectus dated December 29, 2010 (the "Prospectus"), and has obtained a decision document dated December 30, 2010 for the Prospectus from the securities commissions in each of the provinces of Alberta, British Columbia and Ontario. The Prospectus qualifies the distribution of 125,061,107 million common shares of Asian Resource and 18,304,341 million series 1 preferred shares of Asian Resource issuable to the shareholders of Nesscap, Inc. in connection with the completion of the Company's previously announced Qualifying Transaction (as that term is defined in the policies of the TSX Venture Exchange ("TSXV")). The Qualifying Transaction is expected to close on or before January 11, 2011. The Final Long Form Non-Offering Prospectus is available on SEDAR at www.sedar.com.

Completion of the Qualifying Transaction is subject to the satisfaction of a number of conditions, including, but not limited to, TSXV acceptance. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Long Form Non-Offering Prospectus prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Forward-Looking Statements

This press release contains forward-looking statements relating to the proposal to complete the Proposed Transaction and associated Transactions, including statements regarding the terms and conditions of the Merger. Readers are cautioned to not place undue reliance on forward-looking statements. Forward-looking statements are based on certain key assumptions made by the Company, including assumptions regarding the ultimate terms of the Proposed Transaction, the satisfaction of conditions to the completion of the Proposed Transaction and the Merger and the receipt of all regulatory and stock exchange approvals. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Proposed Transaction and associated transactions, that the ultimate terms of the associated transactions will differ from those that currently are contemplated, and that the Proposed Transaction and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The forward-looking statements in this press release are made as of the date of this release and the Company undertakes no obligation to update publicly or revise any forward-looking statements whether as a result of new information or otherwise, except as required by applicable securities laws. 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has in any way passed upon the merits of the Qualifying Transaction and associated transaction and neither the foregoing entities has in any way approved or disapproved of the contents of this press release.

Contact Information

  • Asian Resource Global Strategies Inc.
    Allan Lam
    President and Chief Executive Officer
    (416) 824-8800