United States or to U.S. News Agencies Becker Gold Mines Ltd.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
BECKER GOLD MINES LTD.
Suite 680 – 789 West Pender Street, Vancouver, BC V6C 1H2 Phone: 604-632-1764 / Fax: 604-669-0384
NEWS RELEASE
October 21, 2011
SHAREHOLDERS OF BECKER GOLD MINES LTD. APPROVE PROPOSED TRANSACTION & APPOINT A NEW DIRECTOR
BECKER GOLD MINES LTD. (NEX: BDF.H) (the “Company” or “Becker”) provides this updated news release, as required by the policies of the TSX Venture Exchange (the “Exchange”), in respect of its proposed acquisition of Cap Capital Corp. (“Cap Capital”), first announced on January 21, 2011 (the “Proposed Transaction”) and as last updated on September 23, 2011.
Update
The Company is pleased to announce that at its Annual General & Special Meeting of Shareholders held in Vancouver, British Columbia on Thursday, October 20, 2011, the shareholders of the Company approved, in addition to the customary annual business, the Proposed Transaction and a private placement of units by the Company pursuant to which it plans to raise gross financing proceeds of $900,000.
Following completion of the Proposed Transaction, the Company expects to change its name to “Sonoro Metals Corp.” and complete the unit private placement.
Completion of the Proposed Transaction is subject to the terms and conditions of the Share Purchase & Sale Agreement, including receipt of Exchange acceptance.
Appointment of New Director
In addition, the Company is pleased to announce that Scott Kelly has agreed to join the Board of Directors of Becker. Mr. Kelly has a Bachelor of Commerce degree from Royal Roads University and has worked in various capacities with the management of public companies for over eight years. Recently, Mr. Kelly was the VP of Finance of Pediment Gold Corp from April 2008 until its acquisition by Argonaut Gold Inc. in January 2011, and is currently Chief Financial Officer of Becker, as well as Chief Financial Officer for Ely Gold & Minerals Inc.
The Board of Directors for Becker now consists of five members all with considerable industry experience.
BECKER GOLD MINES LTD.
Stephen Kenwood, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement Caution
This press release contains certain “forward-looking statements within the meaning of Canadian securities legislation, relating to the Proposed Transaction (as defined above) and the completion of a private placement financing. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,”
“intends,” “estimates,” ”projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur. Forwardlooking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by the securities laws applicable to the Company and the policies of the Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, but are not limited to, the Company’s inability to secure the Exchange approval required to complete the Proposed Transaction or private placement financing.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.