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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

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INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

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Delisting

posted on May 25, 09 08:37AM

May 25, 2009

Shareholders Approve Business Combination Involving Mega Silver and Skybridge Development

TORONTO, CANADA--(Marketwire - May 25, 2009) - Mega Silver Inc. (TSX VENTURE:MSR) ("Mega") and Skybridge Development Corp. (TSX VENTURE:SBD) ("Skybridge") are pleased to announce that the proposed business combination involving the two companies was authorized by Skybridge shareholders at a special meeting held earlier today where shareholders approved the amalgamation of Skybridge with a wholly-owned subsidiary of Mega.

Under the terms of the business combination, which will be effected by way of a three-cornered amalgamation, shareholders of Skybridge will be entitled to receive one common share of Mega in exchange for every two and one-half common shares of Skybridge held immediately prior to the amalgamation. Subject to the satisfaction or waiver or any remaining closing conditions, it is expected that the amalgamation will become effective on May 27, 2009.

Trading in the common shares of Skybridge on the TSX Venture Exchange will cease as of the close of business on May 26, 2009 and the securities will be de-listed from the exchange upon completion of the acquisition. Stock options and warrants of Skybridge outstanding following completion of the acquisition will be adjusted to provide for the purchase of common shares of Mega in lieu of Skybridge common shares (based upon the one-for-two and one-half exchange ratio), upon the due exercise thereof.

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