Vancouver, British Columbia - Odin Mining and Exploration Ltd. ("Odin") (TSXV: ODN) is pleased to announce that the securityholders of Ecuador Gold and Copper Corp. ("EGX") voted overwhelmingly in support of Odin's previously announced acquisition of EGX (the "Arrangement").
Odin is also pleased to announce that its shareholders have approved
the Arrangement and the Supreme Court of British Columbia today granted a
final order approving the Arrangement. Subject to satisfying all
remaining conditions, the proposed Arrangement is expected to close on
or about November 1, 2016.
|ODIN MINING AND EXPLORATION LTD.
Signed: "Marshall Koval"
Marshall Koval, President & CEO
|For further information contact:
tel: + 604 646-1884
fax: + 604 687-7041
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all
statements that are not historical facts, contain forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or information
with respect to the completion of the Arrangement, Often, but not
always, forward-looking statements or information can be identified by
the use of phrases such as "is expected" or variations of such phrase.
With respect to forward-looking statements and information contained
herein, Odin has made numerous assumptions including among other things,
assumptions about timing of closing of the Arrangement and that the
Arrangement will close at all. Although management of Odin believes that
the assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance that
a forward-looking statement or information herein will prove to be
accurate. Forward-looking statements and information by their nature
are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause Odin's actual results,
performance or achievements, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements or information. These factors include, but
are not limited to the conditions precedent to the Arrangement being
fulfilled in a timely manner.
See Odin's public filings with the Canadian securities administrators
for additional information on risks, uncertainties and other factors
relating to the forward-looking statements and information. Although
Odin has attempted to identify factors that would cause actual actions,
events or results to differ materially from those disclosed in the
forward-looking statements or information, there may be other factors
that cause actual results, performances, achievements or events not to
be anticipated, estimated or intended. Also, many of the factors are
beyond Odin's control. Accordingly, readers should not place undue
reliance on forward-looking statements or information. Odin does not
undertake any obligation to reissue or update forward-looking statements
or information as a result of new information or events after the date
hereof except as may be required by law. All forward-looking statements
and information made herein are qualified by this cautionary statement.