Levon Provides Update Regarding Closing of Arrangement with Scivac Ltd.
Levon Resources Ltd. (“Levon” or the “Company”) is pleased to announce that it has received the conditional approval of the Toronto Stock Exchange (“TSX”) for the listing of a new class of common shares (the “New Levon Shares”) following the completion of the previously announced plan of arrangement (the “Arrangement”) involving SciVac Ltd., Levon and 1027949 B.C. Ltd., which was approved by Levon securityholders on June 3, 2015.
The receipt of TSX conditional approval was a condition to the completion of the Arrangement. The Company expects to issue a further announcement shortly confirming the date on which the Arrangement will be completed and the date the New Levon Shares are expected to commence trading on the TSX.
For details of the Arrangement, please see Levon’s management information circular dated May 1, 2015 and Levon’s press release dated March 20, 2015, both of which have been filed on Levon’s profile on SEDAR at www.sedar.com.
About Levon Resources Ltd.
Levon is a gold and precious metals exploration Company, exploring the Company’s 100% owned flagship Cordero bulk tonnage silver, gold, zinc, and lead project near Hidalgo Del Parral, Chihuahua, Mexico.
For further information, contact Levon’s Investor Relations directly at 604-682-2991 or the main office number at 778-379-0040.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
Safe Harbour Statement – This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, include, but are not limited to, statements regarding the completion of the Arrangement and the listing and trading of the New Levon Shares on the TSX and are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release