Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 30, 2012) – Further to its news release dated August 6, 2012, Atlantis Gold Mines Corp. (the “Company” or “Atlantis”) is pleased to announce that the proposed amalgamation of the Company with a wholly-owned subsidiary of Touchstone Gold Limited (the “Amalgamation”) was approved by shareholders today at a special meeting. Approximately 72% of Atlantis’ issued and outstanding shares were represented at the special meeting and all of the votes cast at the special meeting were voted in favour of the Amalgamation.
The Company expects that the closing of the business combination with Touchstone and the Amalgamation will occur on or around September 10, 2012.
ON BEHALF OF THE BOARD OF DIRECTORS
Kay Jessel, President, Chief Executive Officer and Director
Certain information set forth in this press release contains “forward-looking information” under applicable securities laws, including statements regarding the expected closing of the business combination and the Amalgamation. This forward-looking information is based on the Company’s current expectations, assumptions and beliefs, which may prove to be incorrect. Such forward-looking information involves known and unknown risks and uncertainties, which may cause the Company’s actual performance or results to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Atlantis undertakes no obligation to update forward-looking information if circumstances or management’s opinions should change except as required by applicable securities laws.
Contact Information
Atlantis Gold Mines Corp.
Kay Jessel
President, Chief Executive Officer and Director
(604) 681-9475
