UPDATE: Century Mining Higher as Announces Support for Proposed Business Combination With White Tiger Gold
Century Mining Corporation (CMM.V), which had been trading near a year low 21 cents, last night announced that the company has received a letter from Ms. Margaret (Peggy) Kent, the former President and CEO of the company, regarding Century's proposed business combination with White Tiger Gold Ltd. (WTG.TO) in which Ms. Kent confirms her support for the proposed business combination and her intention to vote FOR the proposed business combination.
On March 14, 2011, Century and White Tiger announced the entering into of an arrangement agreement regarding a proposed business combination whereby Century shareholders would receive 0.4 of a White Tiger Gold share for each Century share under a plan of arrangement.
Completion of the business combination remains subject to, among other things, the approval of the disinterested shareholders of each of Century and White Tiger Gold at the special meetings of each company to be held on September 13, 2011, approval of the Ontario Superior Court of Justice and any required approval under the Investment Canada Act and final approval of the TSX.
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