2007

MANTLE RESOURCES COMPLETES OFFER AND ACQUIRES 96% OF ECSTALL MINING


February 26, 2007
Vancouver, British Columbia, Monday, February 26, 2007 ¾ Mantle Resources Inc. (TSX-V: MTS; Frankfurt: A0F7E1) is pleased to announce that pursuant to its take-over bid made December 22, 2006, as amended by its Notice of Variation dated January 29, 2007 and Notice of Extension dated February 9, 2007, the conditions of its Offer have been satisfied and that it will be taking up the additional 6,128,847 shares of Ecstall Mining Corporation which were validly tendered prior to the February 23, 2007 expiry date.  On taking up these shares, Mantle will hold approximately 96% of the outstanding shares of Ecstall.  Pursuant to the Offer, Mantle will be issuing and distributing to those shareholders who have tendered, 0.41 of a Mantle share for each Ecstall share tendered.

Upon taking up these shares under its Offer, Mantle intends to exercise its rights pursuant to compulsory acquisition procedures under the British Columbia Business Corporations Act to acquire, for the same consideration as that paid under the Offer, all of the remaining shares of Ecstall that were not tendered to the Offer.  A notice will be sent to those remaining holders shortly.

“We are extremely pleased with the overwhelming support Mantle’s Offer has received from Ecstall’s shareholders,” commented Peeyush Varshney, president of Mantle.  “In anticipation of this successful completion of the Offer, our technical team has already commenced with the full-scale planning of the 2007 exploration program on the Akie and other Kechika Trough properties, the details of which will be provided in the near future.”

MANTLE RESOURCES INC.

ON BEHALF OF THE BOARD OF DIRECTORS

Per:  “Marco Strub”

Director

 

 

©2008 Canada Zinc Metals Corp.
Home  |  Corporate  |  Projects  |  Investors  |  News  |  Contact Us