Oro Silver Resources Ltd. (TSX VENTURE:OSR) has announced that the Company received today final approval from the Supreme Court of British Columbia regarding the previously announced business combination with Oro Gold Resources Ltd.
The Transaction remains subject to certain conditions, including the final approval of the TSX Venture Exchange.
It is anticipated that the last trading day of Oro Silver securities will be Wednesday, October 20, 2010. Oro Silver will be requesting a trading halt of the Company's securities for Thursday, October 21, 2010.
Pending final regulatory approval, it is expected that closing of the Transaction will occur on Thursday, October 21, 2010 and that the combined entity will begin trading on Friday, October 22, 2010.
Source: Oro Silver Resources Ltd.