Regulus Provides Update with Respect to Aldebaran Distribution to Regulus Shareholders and Receipt of Conditional Listing Approval for Aldebaran Resources Inc.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE
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Regulus Provides Update with Respect to Aldebaran Distribution to
Regulus Shareholders and Receipt of Conditional Listing Approval for
Aldebaran Resources Inc.
VANCOUVER, CANADA (October 22, 2018) – Regulus Resources Inc. ("Regulus" or the
"Company") (TSX-V: REG) is pleased to announce that the TSX Venture Exchange (the "TSXV") has
issued its conditional listing approval for the previously-announced spinout transaction of certain assets
into Aldebaran Resources Inc. ("Aldebaran") pursuant to the plan of arrangement involving Regulus,
Aldebaran and Sibanye Gold Limited (the "Arrangement"). Details of the Arrangement were described
in the Company's information circular dated August 22, 2018 which was mailed to its shareholders and
filed on SEDAR at www.sedar.com. Closing of the Arrangement is expected to occur on October 25,
2018 (the "Effective Date" or the "Distribution Date") which would also constitute the distribution
date of the common shares of Aldebaran ("Aldebaran Shares") to the Regulus shareholders under the
Arrangement.
As announced previously, holders of record of Regulus common shares ("Regulus Shares") as of the
close of business on September 28, 2018 will be entitled to receive Aldebaran Shares on the Distribution
Date. The Company expects the Aldebaran Shares to begin trading approximately five business days
following the Effective Date under the symbol "ALDE". Listing of the Aldebaran Shares on the TSXV
is subject to a number of customary conditions which are expected to be fulfilled by the Effective Date.
In connection with the receipt of TSXV conditional listing approval for the Aldebaran Shares, the
trading halt on the Regulus Shares is expected to be lifted and trading is expected to resume shortly.
John Black, CEO of Regulus, commented as follows:
"We wish to thank our shareholders for their patience and assure them this unanticipated delay has not
hindered either company's business or prospects. In particular, Regulus has continued its current drill
program on the AntaKori project, with further results expected in the near future, and Aldebaran has
continued planning for a drill program on the Altar project which is expected to be commence in
January."
For further information on Regulus or Aldebaran, please consult Regulus' website at
www.regulusresources.com or contact:
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Regulus Resources Inc.
John E. Black, CEO / Director
Phone: +1 303 618-7797 mobile
+1 720 514-9036 office
Email: [email protected]
Reader Advisories
Investors are cautioned that, except as disclosed in the information circular prepared in connection with
the Arrangement, any information released or received with respect to the Arrangement may not be
accurate or complete and should not be relied upon.
The TSXV has in no way approved or disapproved of the contents of this press release.
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue",
"estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking statements or information. In particular this
press release contains forward-looking statements and information relating to the completion of th e
Arrangement and the timing thereof; the lifting of the trading halt; and the timing for the commencement
of trading of the Aldebaran Shares. Although management believes that the expectations and
assumptions on which the forward-looking statements and information are based are reasonable, undue
reliance should not be placed on the forward-looking statements and information. Since forward-looking
statements and information address future events and conditions, by their very nature they involve
inherent risks and uncertainties. The forward-looking statements and information are based on certain
key expectations and assumptions made by management of the Company, including expectations and
assumptions concerning: the satisfaction of all conditions to the listing of the Aldebaran Shares and on
the time frames contemplated. Actual results could differ materially from those currently anticipated due
to a number of factors and risks, including but not limited to: risks related to the receipt of all necessary
approvals for the Arrangement, changes in national and local government regulation of mining
operations, tax rules and regulations, and political and economic developments in countries in which
Regulus and Aldebaran operate. Regulus and Aldebaran caution that the foregoing list of risks and
uncertainties is not exhaustive.
The forward-looking statements and information contained in this press release are made as of the date
hereof and Regulus and Aldebaran undertake no obligation to update publicly or revise any forward-
looking statement or information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
Neither the 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.