Arris Resources Inc. (the "Company" or "Arris") has announced that the Supreme Court of British Columbia has provided final approval for the Company's previously announced plan of arrangement (the "Arrangement") by order dated June 22, 2009.
Under the Arrangement, Arris Resources will transfer to InCana Investments Inc. ("InCana"), a wholly-owned subsidiary of the Company, $100,000 and all of the Company's interest in and to the single family residential zoned property (the "Property") located in Surrey, British Columbia, approximately thirty-five kilometers from Vancouver, British Columbia, in exchange for 15,043,372 common shares of InCana (the "InCana Common Shares"), which will be distributed to Arris Resources' shareholders as at the close of business on July 6, 2009, being the Share Distribution Record Date. Upon closing of the Arrangement, each Arris Resources' shareholder, as of the Share Distribution Record Date, will receive its pro-rata share of the InCana Common Shares to be distributed under the Arrangement for each currently held Arris Resources share.
Arris will begin trading ex-distribution on Thursday, July 2, 2009.
Ex-distribution Date: Thursday, July 2, 2009
Record Date: Monday, July 6, 2009
If you have any questions or require further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: email@example.com