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Waverley Resources Ltd Announces Proposed Plan of Arrangement


Waverley Resources Ltd. (“
Waverley” or the “
Corporation”) is pleased to announce that it is has today entered into an Arrangement Agreement with its wholly-owned subsidiaries, Talmine Resources Ltd. (“
Talmine”) and Woodbridge Resources Ltd. (“
Woodbridge”) to: (i) transfer its ownership and rights in the Tin City Tungsten-Silver-Lead-Zinc property (the “
Tin City Project”) into Talmine, (ii) transfer its ownership and rights in the Lauder Copper-Gold property (the “
Lauder Project”) into Woodbridge, and (iii) spin-out all of the securities of Talmine and Woodbridge to Waverley’s shareholders on a
pro rata basis, all through a Plan of Arrangement under section 182 of the
Business Corporations Act (Ontario) (the “ ....

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