Vaaldiam Resources Ltd.
TSX : VAA

Vaaldiam Resources Ltd.

February 27, 2008 12:22 ET

Vaaldiam Resources Ltd.: Great Western Shareholders' Meeting

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2008) - Vaaldiam Resources Ltd. (TSX:VAA) ("Vaaldiam") and Great Western Diamonds Corp. (TSX VENTURE:GWD) ("Great Western") are pleased to announce that at the special meeting of shareholders of Great Western held in Saskatoon earlier today, the resolution approving the arrangement, whereby Vaaldiam will acquire the issued share capital of Great Western which it does not already own, was duly passed by the requisite majorities.

A final order approving the arrangement will now be sought from the Court of Queen's Bench for Saskatchewan at a hearing on March 6, 2008. If this approval is given it is anticipated that the arrangement will become effective on March 10, 2008.

Great Western Shareholders who have not yet completed and returned a letter of transmittal together with their share certificate(s) are urged to do so now.

Copies of the circular sent to Great Western shareholders in respect of aforementioned meeting setting out the details of the arrangement including the consideration for the Great Western shares, and of the letter of transmittal, may be downloaded from SEDAR (www.sedar.com).

Contact Information

  • Vaaldiam Resources Ltd.
    Ken Johnson
    President and Chief Executive Officer
    (416) 363-6927
    or
    Great Western Diamonds Corp.
    Robert Yeoman
    Vice President
    (416) 363-6927