Toronto, February 28, 2013 -
Takara Resources Inc. ("Takara" or the "Company") announces that the closing of the sale of the Company's wholly owned subsidiary, StrataGold Guyana Inc., to Alicanto Minerals Limited, an Australian company listed on the Australian Stock Exchange, has been re-scheduled to occur on or before April 1, 2013.
The Company has been advised that Alicanto is required to obtain shareholder approval for the acquisition, which cannot be completed prior to the original closing date of February 28, 2013. The parties have therefore agreed to extend the date for closing, and in consideration for this extension, Alicanto has agreed to immediately pay Takara an additional $45,000 as an advance against the purchase price. Additionally, Alicanto continues to assume all ongoing costs to maintain StrataGold's operations in Guyana, South America.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B., President & Chief Executive Officer
Takara Resources Inc.
(647) 430.0966 (office)
(416) 904.2714 (cell)
Statement Regarding Forward Looking Information: Certain information contained in this news release, including any information relating to the proposed transaction and Takara's future financial or operating performance may be deemed "forward-looking". These statements relate to future events or future performance and reflect Takara's expectations regarding the transaction, and the future growth, results of exploration, business prospects and opportunities of Takara. These forward-looking statements are subject to a variety of risks and uncertainties that are identified and disclosed. Although Takara believes that the forward-looking information contained in this news release are based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Takara expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
NOT FOR DISSEMINATION IN THE UNITED STATES
