Augyva Mining Resources Inc.

Augyva Mining Resources Inc.

January 12, 2011 16:43 ET

Augyva Mining Resources Inc. Intends to Acquire Niocan Inc.

LA MACAZA, QUEBEC--(Marketwire - Jan. 12, 2011) - Augyva Mining Resources Inc. (TSX VENTURE:AUV) (« Augyva ») announced today that it has the intention to make an offer to acquire all of the issued and outstanding common shares of Niocan Inc. (TSX : NIO) (« Niocan ») in exchange for cash or securities of Augyva or a combination of both, the whole by way of a formal take-over bid, an amalgamation, a plan of arrangement or any other similar transaction (the « Proposed Transaction »). The offer, take-over bid circular or proxy circular, as applicable, and related documents concerning the Proposed Transaction are expected to be mailed shortly and will be available on the SEDAR database at at that time. Auguya has retained Industrial Alliance Securities Inc. as advisor in connection with the Proposed Transaction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Augyva Mining Resources Inc.
    Georges-Yvan Gagnon - P.Geologist
    President and Chief Executive Officer
    819-275-2254 (FAX)