Super Nova Minerals Corp.

Super Nova Minerals Corp.

October 12, 2012 13:55 ET

Super Nova Minerals Corp.: Amalgamation and Spin Off of Subsidiaries Record Dates and Implementation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2012) - Super Nova Minerals Corp. (the "Company" or "Super Nova") is pleased to announce implementation of its approved amalgamation with BC0922519 immediately following the implementation of the approved Plan of Arrangement to spin-off 2 subsidiaries to former shareholders of record of 0922519 B.C.

The Company announces that further to its news release on August 29, 2012, the Company will be implementing the approved spin-off to former shareholders of record of 0922519 B.C. Ltd. ("BC0922519 Shareholders") on October 1, 2012 (the "Share Distribution Record Date"), with an ex-dividend date of September 26, 2012. BC0922519 Shareholders will receive one share of Ole Remediation Ltd. and one share of 0941092 B.C. Ltd. for every BC0922519 Share held as of the Share Distribution Record Date. No action is required by BC0922519 Shareholders in order to receive shares of Ole Remediation Ltd. and 0941092 B.C. Ltd. Shareholders entitled to receive shares of Ole Remediation Ltd. and 0941092 B.C. Ltd. will receive a DRS advice reflecting their ownership of the shares, or their brokerage account will be credited with the shares.

In addition, the Company will be implementing the approved amalgamation to Super Nova shareholders of record on October 17, 2012 (the "Amalgamation Share Distribution Record Date"), with an ex-dividend date of October 12, 2012. Shareholders of Super Nova will receive one share of the amalgamated company ("Amalco") for every Super Nova share held as of the Share Distribution Record Date. BC0922519 Shareholders will receive one share of Amalco for every six BC0922519 Shares held. No action is required by Super Nova shareholders or BC0922519 Shareholders in order to receive shares of Amalco. Shareholders entitled to receive Amalco shares will receive a DRS advice reflecting their ownership of Amalco shares, or their brokerage account will be credited with the shares.

On behalf of the Board of Directors:

SUPER NOVA MINERALS CORP.

Wolf Wiese, President/Chief Executive Officer

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANY'S CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.

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

  • Super Nova Minerals Corp.
    Wolf Wiese
    President/Chief Executive Officer
    604-221-8936
    604-336-1490 (FAX)