Oro Silver Resources Ltd.

Oro Silver Resources Ltd.

October 13, 2010 13:00 ET

Oro Silver Securityholders Approve Transaction With Oro Gold Resources Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2010) - Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR) is pleased to announce the securityholders of Oro Silver have approved the previously announced merger of Oro Silver with Oro Gold Resources Ltd. pursuant to a plan of arrangement under the British Columbia Business Corporations Act (the "Arrangement"). At the annual general and special meeting of Oro Silver held on October 12, 2010, an aggregate of 23,694,385 securities were voted in favour of a special resolution approving the Arrangement, representing 98.76% of the votes cast.

Completion of the Arrangement remains subject to the approval of the British Columbia Supreme Court, TSX Venture Exchange and other customary closing conditions. Application to the Court for the Final Order approving the Arrangement is expected to be made on October 18, 2010.


Gregory J. Martin, Chair, Special Committee

Some statements in this release may contain forward-looking information. These statements include, but are not limited to the use of the terms "subject to", "expects", "anticipates", "will", statements with respect to Board assessments, statements with respect to updating resource estimates, statements with respect to entering into the Definitive Agreement, future plans and expectations. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary for a variety of reasons. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Oro Silver Resources Ltd.
    Gregory J. Martin
    Chair, Special Committee
    604 646-1588
    604 642-2411 (FAX)