T.B. Mining Ventures Inc. Extends Amalgamation Agreement to Acquire Kaskattama Inc. and Provides an Update on the ...

TORONTO, Dec. 7, 2011 /CNW/ - T.B. Mining Ventures Inc (TSXV:

TBV-P.V - News), a capital pool company (the "Company" or "T.B. Mining") has extended the amalgamation agreement dated July 19, 2011, (the "Agreement"), with Kaskattama Inc., an Ontario corporation ("Kaskattama"), to acquire all the issued and outstanding securities of Kaskattama by way of a three cornered amalgamation of Kaskattama, T.B. Mining and a wholly owned subsidiary of T.B. Mining to be created (the "Transaction") (see press releases of July 20, 2011 and October 27, 2011). The amendment to the amalgamation agreement is dated November 30, 2011 and extends the termination date from November 30, 2011 to December 31, 2011.

The financing by Kaskattama associated with the Transaction, which is described in the Company's press release of October 27, 2011, is now expected to close on or about December 31, 2011.

For more information on the Transaction, please refer to the press releases of the Company dated July 20, 2011 and October 27,2011.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX and TSXV acceptance and, if applicable pursuant to TSX and TSXV requirements, majority of the minority approval of the shareholders of T.B. Mining. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX and the TSXV has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the completion of the proposed acquisition of T.B. Mining and the Financing; and the anticipated business plan of T.B. Mining subsequent to completion of the Transaction. Although T.B. Mining believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. T.B. Mining cautions investors that any forward-looking information provided by T.B. Mining are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: T.B. Mining's ability to complete the proposed Transaction; the state of the financial markets for T.B. Mining's equity securities; the state of the market for gold or other minerals that may be produced generally by the resulting issuer in the event the Transaction is completed; recent market volatility; T.B. Mining's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that T.B. Mining is unaware of at this time. The reader is referred to T.B. Mining's most recent annual and interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through T.B. Mining's page on SEDAR at www.sedar.com.

Authors: mining - Yahoo! News Search Results