Health & Fitness
Health and Fitness
Health and Fitness
Wed, January 28, 2009
Tue, January 27, 2009 Fortuna Silver Mines Inc. and Continuum Resources Ltd.: Acquisition Circular Mailed
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2009) - Fortuna Silver Mines Inc. (TSX VENTURE:FVI)(BVLAC:FVI) and Continuum Resources Ltd. (TSX VENTURE:CNU) are pleased to announce that Continuum Resources has sent to its shareholders a Notice of Meeting and Management Proxy Circular describing the terms of Fortuna Silver Mines' proposed acquisition (the "Acquisition") of all the issued and outstanding securities of Continuum. A meeting of the shareholders of Continuum has been called for February 23, 2009 to approve the Acquisition. Completion of the Acquisition is also subject to certain other conditions including court approval and acceptance for filing by the TSX Venture Exchange.
The terms of the Acquisition provide for the issuance of 0.0564 of a Fortuna common share to be issued for every one Continuum common share outstanding. If the Continuum shareholders approve the transaction and all other conditions are satisfied, completion of the Acquisition is expected to occur on or about March 13, 2009.
The companies currently hold jointly the San Jose Project in Mexico (Fortuna 76%; Continuum 24%). As a result of the Acquisition, Fortuna will own 100% of the San Jose Project, thus strengthening its position in that country.
ON BEHALF OF THE BOARD OF FORTUNA SILVER MINES INC.
Jorge Ganoza, President & CEO
ON BEHALF OF THE BOARD OF CONTINUUM RESOURCES LTD.
Warren McIntyre, Director
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
