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Takara update on Second Strategic Alliance

Mon, Oct 26, 2009

Gold Company News

Takara Resources Inc. (TSX VENTURE:TKK) announced that it will continue to offer the shareholders immediate and sustainable value by completing transactions with other companies that have advanced stage gold projects.

The press release is quoted as saying:

In March, 2009 Takara completed a strategic alliance transaction with Garson Gold Corp. (TSX VENTURE:GG) (See Takara news release dated March 13, 2009). Pursuant to this transaction, each shareholder of Takara received, in addition to Takara shares already held, a dividend in kind equal to .307569 shares of Garson Gold for every 1 share of Takara held (or, 30.7 shares for every 100 TKK shares held). On October 20, 2009 Garson Gold announced that there was a friendly take-over offer for its shares at a premium to the current market capitalization. See news release of Garson Gold October 20, 2009 for further details.

Click here to access the entire press release

Click here to access Takara Resources’s Corporate Site

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Asides

  • For upcoming gold investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo

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  • The Gold Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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  • GoldInvestingNews.com maintains a focus on Gold exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

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  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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