Vaaldiam Mining Inc. (VAA.TO: Quote) and BCKP Limited announce the closing of the previously announced plan of arrangement, pursuant to which BCKP acquired beneficial ownership of 71.63 million common shares of Vaaldiam, representing 100% of the outstanding common shares of Vaaldiam, at a price of C$0.2649292 for each common share of Vaaldiam.
The purpose of the Arrangement was to enable BCKP to acquire all of the outstanding common shares of Vaaldiam.
Vaaldiam said it intends to make an application to cease to be a reporting issuer in all of the applicable provinces of Canada and to de-list the common shares of Vaaldiam from the Toronto Stock Exchange at the close of business on or about Thursday, July 5, 2012.
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by RTT Staff Writer
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