MANTLE RESOURCES COMPLETES OFFER AND ACQUIRES 96% OF ECSTALL MINING
Upon taking up these shares under its Offer, Mantle intends to exercise its rights pursuant to compulsory acquisition procedures under the British Columbia Business Corporations Act to acquire, for the same consideration as that paid under the Offer, all of the remaining shares of Ecstall that were not tendered to the Offer. A notice will be sent to those remaining holders shortly.
“We are extremely pleased with the overwhelming support Mantle’s Offer has received from Ecstall’s shareholders,” commented Peeyush Varshney, president of Mantle. “In anticipation of this successful completion of the Offer, our technical team has already commenced with the full-scale planning of the 2007 exploration program on the Akie and other Kechika Trough properties, the details of which will be provided in the near future.”
MANTLE RESOURCES INC.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: “Marco Strub”