LATEEGRA GOLD CORP. SETS DATE FOR MEETING TO CONSIDER EXCELLON OFFER
Lateegra Gold Corp. (“Lateegra”, or the “Company”) (TSXV Symbol LRG) is pleased to announce that on June 28, 2011 it obtained an interim order of the Supreme Court of British Columbia authorizing, among other things, the holding of a special meeting of holders of its common shares on July 29, 2011 in Toronto, Ontario. Meeting materials will be mailed to Lateegra’s shareholders of record as at June 23, 2011. Notice of the meeting and record dates have been filed with the appropriate regulatory authorities and are available on SEDAR at www.sedar.com.
As previously announced on May 31, 2011, Lateegra and Excellon Resources Inc. (“Excellon”) have entered into a definitive arrangement agreement under which Excellon will acquire 100% of the outstanding common shares of Lateegra by way of a plan of arrangement (“Arrangement”). Under the Arrangement, Lateegra shareholders will receive 0.54 share of Excellon for each 1.0 Lateegra share. At the meeting, shareholders of Lateegra common shares will be asked to consider and, if thought fit, approve the Arrangement.
For additional information with respect to voting common shares at the meeting please contact the Company by email at
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or by telephone at (604) 669-9330.
About Lateegra
Lateegra is a junior exploration company with gold exploration properties primarily located in northeastern Ontario and northwestern Quebec. Lateegra holds interests in three promising gold properties, the DeSantis Mine Project in Timmins, Ontario, the Beschefer Project, near Matagami, Quebec and the Stoughton Project, near the Holt-Holloway Gold Mine.
LATEEGRA GOLD CORP. “Christopher Verrico” Chris Verrico President and Chief Executive Officer
This report contains forward looking statements, particularly those regarding the Arrangement and meeting of shareholders. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions. 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. FOR FURTHER INFORMATION PLEASE CONTACT:
Lateegra Gold Corp. Christopher Verrico, President and CEO 604-669-9330 or Toll Free: 1-866-669-9377 Email:
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Website: www.lateegra.com
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