Ascendant Copper's Acquisition of St. Genevieve Resources Overwhelmingly Approved by Shareholders

VANCOUVER, BRITISH COLUMBIA (TSX: ACX)(TSX: ACX.WT)(TSX: ACX.WT.A)(BERLIN: A0HMLE)(FRANKFURT: A5C)(WKN A0HMLE) today announced that the shareholders of St. Genevieve Resources Ltd. ("St. Genevieve") (CNQ: SGVL) have overwhelmingly approved the previously announced plan of arrangement whereby Ascendant will acquire all outstanding St. Genevieve shares in a stock transaction.

The arrangement was approved at the special meeting of securityholders, held in Montreal on March 14, 2008, by over 99% of the votes cast by shareholders and 100% of the votes cast by warrantholders represented at the special meeting. St. Genevieve will apply for final approval of the plan of arrangement by the Quebec Superior Court on Tuesday, March 18, 2008 and the transaction is expected to close on or about Wednesday, March 26, 2008.

About Ascendant Copper Corporation

Ascendant is a mineral exploration and development company that is focused on becoming a mid-tier copper and molybdenum producer. Ascendant is responsibly advancing its copper-molybdenum projects in Ecuador toward verifiable economic base metal discoveries and is also evaluating near-term production scenarios for the U.S. copper properties that it is proposing to acquire from St. Genevieve.

Contacts: Ascendant Copper Corporation Rana S. Gill Chief Financial Officer 1-866-907-6047 Ascendant Copper Corporation John Haigh Manager of Investor Relations 1-866-907-6047 Email: info@ascendantcopper.com Website: www.ascendantcopper.com

ACT Energy Technologies (TSX:ACX)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024