Toronto, Ontario, April 15, 2013 – Winston Resources Inc. (CNSX: WRW) (“Winston”) is pleased to announce that it has completed its previously announced spin off of approximately 15% of the issued and outstanding common shares of CNRP Mining Inc (“CNRP”) and 100% of the issued and outstanding common shares of GreenBank Capital Inc (“GreenBank”) by way of a plan of arrangement (the “Arrangement”). Shareholder and final court approval for the Arrangement were obtained on April 15, 2013, which is also the effective date of the Plan of Arrangement.
The Canadian National Stock Exchange (“CNSX”) has conditionally approved the listing of the common shares of each of CNRP and GreenBank. Trading is expected to commence on April 17, 2013 subject to the fulfillment of certain conditions. The CNSX has reserved the trading symbol of”CND” for CNRP and the trading symbol of”GBC” for GreenBank.
Shareholders also approved the management resolution proposed in the Management Information Circular, creating Preferred Shares for Winston.
Additional details are available in documents currently filed or to be filed under the Winston’s SEDAR profile on www.sedar.com.
About Winston Resources
Winston is a Toronto based mineral company whose subsidiary CNRP Mining Inc is primarily focused on developing it’s 100% owned Elmtree Gold Project in New Brunswick, Canada, as well as the acquisition and development of other Canadian natural resource properties.
For more information please see www.WinstonResourceslnc.com or contact Danny Wettreich at (416) 628 9879 or dw@WinstonResourcesInc.com.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Winston Resources Inc. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CNSX has not reviewed, approved or disapproved the content of this press release.