St. Genevieve Resources Ltd.

St. Genevieve Resources Ltd.

March 14, 2008 14:41 ET

St. Genevieve Resources Ltd. Securityholders Approve Acquisition by Ascendant Copper Corporation

- Closing is anticipated for Wednesday March 26, 2008

MONTREAL, QUEBEC--(Marketwire - March 14, 2008) - St. Genevieve Resources Ltd. (CNQ:SGVL), today announced that its securityholders overwhelmingly approved the previously announced plan of arrangement whereby Ascendant Copper Corporation. (TSX:ACX) will acquire all outstanding St. Genevieve shares in a stock-for-stock transaction.

The arrangement was approved at the special meeting of securityholders held on March 14, 2008 by over 99.64% of the votes cast by shareholders and 100% of the votes cast by warrantholders represented at the special meeting. St. Genevieve Ressources Ltd. will apply for final approval of the plan of arrangement by the Quebec Superior Court on Tuesday, March 18, 2008 and the transaction is expected to close on Wednesday March 26, 2008.

Contact Information

  • St. Genevieve Resources Ltd.
    Michel Cote
    514-866-6001 - Ext. 266
    514-866-6193 (FAX)
    Bryan Wilson