Smart SMS Corp. (fka STMC)

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.Smart SMS Corp STMC:OTC Education help is OFF .Sector: N/A Industry: N/A
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SEC Filings Terraco Gold and Western Standard Execute Definitive Agreement
Tuesday 12/07/2010 7:01 AM ET - Marketwire

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As of 3:28 PM ET 12/6/10
Terraco Gold Corp. (TSX VENTURE: TEN) ("Terraco" or the "Company") and Western Standard Metals Ltd. (TSX VENTURE: WSM) ("Western") are pleased to announce that the companies have executed a definitive arrangement agreement (the "Agreement") to complete the previously announced transaction pursuant to which Terraco will acquire all of the outstanding securities of Western (the "Arrangement"). For details of the proposed Arrangement, please see the joint news release dated November 1, 2010 which is filed on SEDAR at www.sedar.com.

The execution of the Agreement clears the way for Western securityholders to vote on and approve the merger at a special meeting of securityholders to be held in January, 2011, with the closing of the Arrangement occurring shortly thereafter. Concurrently with the execution of the Agreement, each of the directors and officers and certain shareholders of Western, holding in total approximately 25% of the current issued and outstanding share capital of Western, executed support agreements pursuant to which they agreed to vote their Western shares in favour of the Arrangement. Completion of the Arrangement remains subject to a number of conditions including, but not limited to, receipt of all regulatory, court and shareholder approvals.

About Terraco:

Terraco (TSX VENTURE: TEN) is a junior exploration company with exploration properties in Nevada, USA. Terraco's Moonlight property adjoins the Barrick Gold Corp. / Midway Gold Corp. Spring Valley joint venture.

About Western:

Western (TSX VENTURE: WSM) is a Canadian based company with a focus on acquisition, exploration and development of gold properties in North America. Western recently acquired a 100% interest in the Almaden Gold Project in Idaho