VANCOUVER, BRITISH COLUMBIA, Nov. 4, 2009 (Marketwire) -- Selkirk Metals Corp. ("Selkirk") (TSX VENTURE:SLK) is pleased to announce that the previously announced merger with Imperial Metals Corporation ("Imperial") (TSX:III) by way of Plan of Arrangement (the "Arrangement") was approved by the Supreme Court of British Columbia on November 2, 2009 and closed effective 12:01 a.m. (Vancouver time) today.
Selkirk's shares will be delisted from the TSX Venture Exchange effective at the close of market on November 5, 2009. Selkirk shareholders will receive cash and/or common shares of Imperial, as described in Selkirk's information circular dated September 16, 2009, a copy of which is available on SEDAR under Selkirk's profile at www.sedar.com.
As a result of the Arrangement, Theodore Muraro, a former director of Selkirk, has been added to the board of directors of Imperial.
SELKIRK METALS CORP.
Brian Kynoch, Director
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or "forward-looking information" within the meaning of Canadian securities laws. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that Selkirk expects, are forward-looking statements. Although management believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
Neither the 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.