Concordia Resource Corp.
TSX VENTURE : CCN

Concordia Resource Corp.

November 29, 2013 16:47 ET

Concordia Announces Special Meeting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 29, 2013) - Concordia Resource Corp. (TSX VENTURE:CCN) (the "Company") is pleased to announce that shareholders have approved the special resolutions presented at its special meeting (the "Meeting") held today. At the Meeting, 26,405,422 shares representing 28.6% of the total number of securities issued and outstanding, or 98.29% of the total shares voted, were voted in favor of:

  1. the special resolution approving the arrangement under Part 9, Division 5 of the Business Corporations Act (British Columbia) as a result of which, among other things the Company will: (a) consolidate its common shares on a five (5) to one (1) basis; and (b) spin out its interest in its subsidiary Meryllion Resources Corporation to its shareholders; and

  2. the special resolution authorizing the Company to enter into a transaction with HPX TechCo Inc. whereby it will acquire certain assets of HPX TechCo Inc. in exchange for issuing common shares representing 85% of its issued and outstanding share capital.

About HPX TechCo: HPX TechCo is a company incorporated under the laws of the British Virgin Islands and indirectly controlled by Robert Friedland, a resident of Singapore.

On behalf of the Board of Concordia Resource Corp.

Terry Krepiakevich, Interim CEO and Director

Completion of the transaction is subject to a number of conditions, including final Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the Reverse Take Over and the Arrangement may not be accurate or complete and should not be relied upon. Trading in the securities of Concordia Resource Corp. should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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