Agoracom: Small Cap Investment - Niblack Mining Corp - Heatherdale Resources Ltd

JV partner and operator Heatherdale Resources

Niblack advanced-stage copper-gold-zinc-silver project in southeast Alaska

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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Heatherdale Resources Ltd - acquisition of Niblack

posted on Feb 06, 2012 06:06PM

EDMONTON, ALBERTA -- -- Niblack Mineral Development Inc. (TSX VENTURE:NIB) ("Niblack" or the "Company") announces the successful completion by court-approved plan of arrangement (the "Arrangement"), of the acquisition of Niblack by Heatherdale Resources Ltd. ("Heatherdale"). Heatherdale has acquired all the outstanding common shares of Niblack in exchange for the issuance of 19,221,578 Heatherdale common shares, and now holds a 100% interest in the Niblack copper-gold-zinc-silver project located in southeast Alaska, USA.

Under the Arrangement, former shareholders of Niblack received 0.50 common shares of Heatherdale for each common share of Niblack. Each unexercised warrant that was outstanding at closing has been amended to give the warrantholder the right to purchase the number of Heatherdale shares equal to 50% of the number of Niblack shares subject to such warrant, at an exercise price of C$1.20 in the case of warrants that have a current exercise price of C$0.45 and C$1.73 in the case of warrants that have a current exercise price of C$0.65. All unexercised options at closing have been cancelled for C$0.01 per option. Niblack will be delisted from the TSX-V on or about January 19, 2012.