Creso- Dundee Sustainable Technologies Amalgamation Date – April 1, 2014
MONTREAL, QUEBEC, March 14, 2014 – Creso Exploration Inc. (CSE: CXT) (“Creso” or the “Corporation”) announces that the three cornered amalgamation (the “Amalgamation”) with Dundee Sustainable Technologies Inc. (formerly Nichromet Extraction Inc., “DSTI”) and a wholly-owned subsidiary of DSTI previously approved by the holders (“Shareholders”) of its common shares will become effective on April 1, 2014.
Pursuant to the Amalgamation, DSTI will, indirectly, acquire all of the issued and outstanding common shares of Creso which it does not already own and the Shareholders will receive one subordinate voting share of DSTI in exchange for every two common shares of Creso. Holders of options and warrants of Creso will receive, based upon the same exchange ratio, options and warrants, as applicable, of DSTI. Thereafter the common shares of Creso will cease to be listed on the Canadian Securities Exchange (“CSE”) and the subordinated voting shares of DSTI will be listed on the CSE.
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