CALGARY, May 14, 2012 /CNW/ - Raimount Energy Inc. ("Raimount" or the "Corporation"), TSXV: RMT is
pleased to announce that its previously announced arrangement agreement
(the "Arrangement") with its wholly-owned subsidiary Mount Rainey
Silver Inc. ("Mount Rainey") has been approved by the shareholders of
the Corporation and that the Corporation has been granted a final order
of the Court of Queen's Bench of Alberta dated May 2, 2012.
Accordingly, Articles of Arrangement effecting the Arrangement were
filed on May 14, 2012 for the Arrangement. Pursuant to the
Arrangement, Raimount's shareholders of record as of May 14, 2012,
shall receive one Mount Rainey share for each Raimount share held. The
Corporation anticipates that the distribution of the Mount Rainey
shares under the Arrangement will be effected on or before May 18,
2012.
Forward-Looking Statements
Statements with respect to the timing for distribution of the Mount
Rainey shares pursuant to the Arrangement in this news release
constitute forward-looking statements. These statements relate to
future events. The timing is based on the advice received by the
Corporation by its transfer agent to effect the distribution. All
statements other than statements of historical fact are forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking
statements. Although Raimount believes these statements to be
reasonable, no assurance can be given that these expectations will
prove to be correct and such forward-looking statements included in
this news release should not be unduly relied upon. The
forward-looking statements contained in this news release represent
Raimount's expectations as of the date hereof, and are subject to
change after such date. Raimount disclaims any intention or obligation
to update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as may be
required by applicable securities regulations.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
