United Reef Limited Sells NSR Royalty to Axmin Inc.
![United Reef Limited Sells NSR Royalty to Axmin Inc.](https://www.minenportal.de/media/goldseiten-news.jpg)
Completion of the transaction is subject to receipt of all regulatory and TSXV approvals. The transaction is expected to close on or about April 12, 2012. The AXMIN common shares to be issued under the agreement to United Reef will be subject to a statutory hold period of four months and one day from the date of issue of the shares.
Trading of United Reef's common shares on the TSXV are presently halted in connection with a proposed reverse take-over transaction, see United Reef's press releases dated December 5, 2011, January 23, 2012 and March 5, 2012.
Shares issued: 89,139,980
Fully diluted: 94,899,980
NEITHER THE TSX-V NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX-V) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact Information
United Reef Limited
Michael D. Coulter, President & Chief Executive Officer
416-368-3332
info@unitedreef.com
www.unitedreef.com