Continental to merge with United Lincoln

Affiliate companies Continental Gold (VSE) and United Lincoln Resources (VSE) plan to merge. The amalgamation will be on the basis of one Continental share for one share of the new company. United Lincoln shareholders will be offered the same share-for-share terms. Management of both companies is common. Both United Lincoln and Continental hold interests in several promising gold properties in British Columbia.

After the merger is completed, the new company will have 6,521,000 shares outstanding of which 2,252,800 shares will be held by former United shareholders and 4,268,200 shares by former Continental shareholders. The final exchange ratios are still not confirmed until a fairness opinion is completed by the companies financial advisors. The plan is also subject to the approval of at least 75% of the shareholders.