Tahera Diamond Corporation Completes Plan of Arrangement with Ag Growth Income Fund

esivyjifag.wordpress.com
The Plan of Arrangement was approvedx at the special meeting ofholderd ("Securityholders") of trust units of the Fund and exchangeabled limited partnership units of AGX Holdingsa Limited Partnership held on June 3, 2009, with over 96% of the votezs cast by Securityholders being in favour of the Plan of On June 3, 2009, the Ontario Superior Court of Justice grantec the final order requirecd in connection with the Plan of Arrangement. Pursuantg to the Plan of Arrangement, Benachee Resourced Inc., a wholly-owned subsidiaru of the Company which changed its nameto "Ag Growtb International Inc.
", transferred all of its assets and liabilitiezs to a new subsidiary of the the name of whic h has been changed to "Benache Resources Inc." Pursuant to the Plan of the Company received consideratio with an aggregate value of $13 million (calculated in accordance with the Plan of Arrangement) in the form of $4 million in common shares and $4 millionm in convertible preferred shares of Ag Growth Internationao Inc., which was subsequently paid to Caz Petroleum Inc. the Company's senior secured creditor.
Caz has put in placse a debtor-in-possession credit facility of upto $5 millionj to finance a potential restart of the Jericho This press release containd "forward-looking information" within the meanin g of applicable Canadian securities legislation. Generally, forward-looking informatioj can be identified by the useof forward-lookingg terminology such as "plans", "expects" or "does not expect", "is "budget", "scheduled", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certaibn actions, events or results "may", "would", "might" or "will be taken", "occur" or "be Forward-looking information is based on variouw assumptions and on the best estimatez of Tahera as of the date and is subject to known and unknown uncertainties and other factors that may causre the actual results, level of activity, performance or achievements of the Companyy to be materially different from those expressed s or implied by such forward-looking including but not limited to: generall business, economic, competitive, political and social the actual results of redevelopment activities; delay or failur to receive regulatory approvals; changesa in project parameters as plans continue to be refined; future prices of minerak prices, as well as those risks identifiesd under "Risk Factors" disclosure sections in the documents filer on SEDAR by Tahera from time to Although the Company has attempted to identify importantr factors that could cause actua l results to differ materiallhy from those contained in forward-lookinbg information, there may be otherd factors that cause results not to be as estimated or intended.
There can be no assurance that such informatiom will prove tobe accurate, as actuapl results and future events coulsd differ materially from those anticipated in such statements. Accordingly, readerxs should not place undue reliancedon forward-looking information. The Company does not undertake to updatseany forward-looking information, except in accordance with applicable securities