Fortune Valley Resources Inc. and Uruguay Mineral Exploration Inc. Announce Court Approval of Plan of Arrangement Vancouver, British Columbia and Montevideo, Uruguay – Fortune Valley Resources Inc. (TSX-V:
December 31, 2009
Fortune Valley Resources Inc. and Uruguay Mineral Exploration Inc.
Announce Court Approval of Plan of Arrangement
Vancouver, British Columbia and Montevideo, Uruguay – Fortune Valley Resources Inc. (TSX-V: FVX) and Uruguay Mineral Exploration Inc. (TSX-V: UME; LSE:UGY) are pleased to announce that the BC Supreme Court has approved the proposed Plan of Arrangement previously announced by the two companies and approved on December 29th by the Fortune Valley securityholders.
Fortune Valley and Uruguay Mineral anticipate that the completion of the Plan of Arrangement will take place by the middle of next week. Completion of the Plan of Arrangement is subject to, among other things, the acceptance of the TSX Venture Exchange.
ENDS
Additional information about UME is available at www.uruguayminerals.com Additional information on Fortune Valley is available at www.fortunevalleyresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and Matrix Corporate Capital LLP is its Nominated Adviser and Broker.
For further information, please contact:
Uruguay Mineral Exploration Inc.
David Fowler, CEO: + 598 2 6016354; [email protected] Ignacio Salazar, CFO: + 598 2 601 6354; [email protected]
Matrix Corporate Capital LLP
Louis Castro +44 20 3206 7209 Tim Graham +44 20 3206 7206
Fortune Valley Resources Inc.
Tel: 56-98-230-2277 Tel: 1-303-931-8597
Lib2:166707.2