Seafield Resources Ltd
Mazatlan, Mexico - Dryden, n/w Ontario - Fire project, ROF McFauld’s Lake On
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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

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Message: Vistior Announces Reduction of Stated Capital and Return of Capital

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Vistior Announces Reduction of Stated Capital and Return of Capital

posted on May 25, 09 11:50AM
May 25, 2009
Vistior Announces Reduction of Stated Capital and Return of Capital
TORONTO, ONTARIO--(Marketwire - May 25, 2009) - Vistior Capital Limited ("Vistior") (TSX VENTURE:VCL) announces that further to its press releases dated May 19, 2009 Vistior intends to distribute (the "Distribution") 6,771,429 common shares (the "Seafield Shares") in the capital of Seafield Resources Ltd. ("Seafield") (TSX VENTURE:SFF) to the shareholders of record of Vistior on the close of business on June 3, 2009 by way of a return of capital, subject to compliance with applicable laws. Pursuant to the return of capital, shareholders of record of Vistior will receive 1 Seafield Share for each 0.44 of a common share of Vistior held by them for no consideration on the close of business on June 10, 2009. No fractional Seafield Shares will be distributed in connection with the return of capital and no consideration will be paid in lieu thereof. Any fractional Seafield Shares that persons would otherwise be entitled to receive will be rounded down to the nearest whole number. The balance of the Seafield Shares not distributed to shareholders as a result of such rounding down will not be distributed and will be sold by Vistior. Any Seafield Shares distributed to the Vistior shareholders who are currently holding their shares of Vistior in escrow, will continue to be held in escrow. All Seafield Shares distributed to the shareholders of Vistior will be subject to a statutory four month hold period.

Following completion of the Distribution Vistior will undertake the necessary steps to be delisted and dissolved (the "Dissolution").

The Distribution and Dissolution was approved by the shareholders at the annual and special meeting of Vistior held on May 12, 2009.

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