Kinbauri Advises that ATW Has Terminated Letter Agreement
July 31 2009 - 4:20PM
Marketwired
The board of directors of Kinbauri Gold Corp. ("Kinbauri")(TSX
VENTURE: KNB)(FRANKFURT: 3KG.DE) today advised that they have
received notice from ATW Gold Corp. (TSX VENTURE: ATW) ("ATW") that
ATW has terminated the letter agreement dated July 12, 2009 to
combine Kinbauri and ATW. Given the short notice, Kinbauri's board
has not had the opportunity to consider all of its alternatives and
is unable to make a recommendation to shareholders at this time
regarding the offer of Orvana Minerals Corp. (the "Offer"). After
considering all alternatives, Kinbauri's board will provide its
recommendation to Kinbauri's shareholders regarding the Offer.
The directors and officers of Kinbauri advise that they have not
tendered their shares to the Offer.
For questions, please contact Laurel Hill Advisory Group, the
Information Agent retained by Kinbauri in connection with the
Orvana Offer, toll free at 1-888-812-9184 from anywhere in Canada
or the United States and collect at 416-637-4661 from outside North
America.
This press release contains certain forward-looking statements,
which are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks
and uncertainties and other factors that could cause actual events
or results to differ materially from those projected. Kinbauri
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX
VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Kinbauri Gold Corp. Dr. Vern Rampton President &
CEO 613-836-2594 613-831-2730 (FAX) vrampton@kinbauri-gold.com
Kinbauri Gold Corp. Darrell Munro, BB.A, LL.B, Manager, Corporate
Communications 613-836-0198 dmunro@kinbauri-gold.com Europe
INVESTEL Ruediger (Rudy) Hnyk, CEO Investor Relations &
Telecommunications ceo@investel.de www.kinbauri-gold.com
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