Source MARKET NEWS Date 11/01/2005 Time 01:43:06 PM Company Kensington Resources Ltd. Title Delist Offer to Purchase
DMIS Processed No CDNX Symbol: KRT Exchange: VSE Symbol: KRT Exchange: Symbol: Exchange: Symbol:
Press Release
[200/News Release] KRT V KENSINGTON RESOURCES LTD NOV 01 2005 13:42 PM Delist Offer to Purchase ---> 1098@NEWS RELEASE KENSINGTON RESOURCES LTD. ("KRT") ("KRT.WT") - Delist-Offer to Purchase
TSX Venture Tier 2 Company
Effective at the close of business November 1, 2005, the common shares of Kensington Resources Ltd. ('Kensington') will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from Shore Gold Inc., symbol - SGF-T ('Shore Gold') purchasing 100% of the Company's shares pursuant to an Amended and Restated Combination Agreement dated September 19, 2005 and effective August 14, 2005. Kensington shareholders will receive 0.64 shares of Shore Gold Inc. for every one share held.
Effective at the close of business November 1, 2005, the warrants of Kensington will be delisted from TSX Venture Exchange. The delisting of Kensington's warrants results from Shore Gold purchasing 100% of Kensington's warrants pursuant to an Offer to Purchase/Arrangement Agreement dated Amended and Restated Combination Agreement dated September 19, 2005 and effective August 14, 2005. Kensington shareholders will receive 1 warrant of Shore Gold for every Kensington warrant held.
For further information please refer to the joint information circular of Kensington and Shore Gold dated September 22, 2005 and Kensington's news release dated August 15, 2005. ______________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
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