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TIANSHAN GOLDFIELDS LIMITED

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ASX:TGF (AUD)  0.11 [0.00 (0.00%)] Nov 20 2009 - Close

LSE-AIM:TGF (GBP)  0.10 [-0.01 (-4.81%)] Aug 26 2008 - Close

FWB:COT (EUR)  0.07 [0.00 (0.00%)] Nov 20 2009 - Close

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Type: Public
Classification: Track
Advanced or Above
Subscriber Access Required
77 ST GEORGES TERRACE, LEVEL 22, ALLENDALE SQUARE
PERTH
Western Australia
Australia, 6000
Phone: +61 8 9221 7729
Fax: +61 8 9221 7866

Company Summary

Tianshan Goldfields Limited is an international gold company focused on developing its 90%-owned Gold Mountain Project in North West China. With Measured, Indicated and Inferred Resources currently totalling over 2.6 million ounces, Gold Mountain has the potential to underpin a low-cost, open pit heap leach gold operation generating strong returns for shareholders.

Company News

Tuesday, November 17, 2009
Tianshan Goldfields and Corvette Resources have agreed in principle to merge via a Scheme of Arrangement. The parties will work towards the preparation and execution of a formalised merger implementation agreement to fully document the terms of the Scheme. It is proposed that, under the Scheme, Tianshan will acquire all of the issued shares in Corvette in exchange for the issue of shares in Tianshan. The consideration for the Scheme will be two (2) Tianshan shares for every one (1) Corvette share held on the implementation date of the Scheme. The boards of Tianshan and Corvette have unanimously agreed on the consideration for the Scheme and believe the merger represents an opportunity to create a new entity better positioned for growth than either company on a standalone basis. Upon implementation of the Scheme the merged entity will have a market capitalisation of approximately A$60M.

News Releases

Tuesday, November 17, 2009
Friday, November 06, 2009
Tuesday, October 27, 2009
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