Eurotin – Qualifying Transaction

April 18, 2011

Paul Pathak and Ryan Hunter worked with Eurotin Inc. to complete its Qualifying Transaction with Stannico Resources Inc.

A copy of an excerpt from the transaction press release is reproduced below.



April 18, 2011 –Toronto, Ontario – Eurotin Inc. (“Eurotin” or the “Company”) is pleased to announce the completion of its acquisition of all of the issued and outstanding securities of Stannico Resources Inc. (“Stannico”).  Stannico is a junior exploration and development company that holds, or is earning into, tin projects in southern and central Spain.

Prior to the completion of its Qualifying Transaction with Stannico (the “QT”), Eurotin was a Capital Pool Company as defined under the policies of the TSX Venture Exchange (the “Exchange”).

The Company has now received its Final Exchange Bulletin from the Exchange in respect of the closing of the QT. The common shares of the Company will recommence trading on the Exchange at the open on Wednesday, April 20, 2011 under the stock symbol “TIN”. The new symbol will only become active on the day that trading recommences.


The QT

Pursuant to the QT and in exchange for obtaining all of the issued and outstanding securities of Stannico, Eurotin issued the following securities to the former Stannico security holders:  45,677,384 common shares, 12,968,565 warrants, 3,831,250 options (with each warrant and each option entitling the holder to acquire one common share of Eurotin) and 624,500 compensation options (with each option entitling the holder to acquire one common and one-half warrant of Eurotin and each whole warrant entitling the holder to acquire one common share of Eurotin).

The following individuals were appointed to the Company’s board of directors: Peter Miller, David Danziger, Colin Jones and John Hick.  At the Company’s next annual meeting, the Board of Directors intends to expand the Board to six people and, in addition to the current Board members, it is anticipated that Francisco Fimbres and John David Trapman will be elected to the Board.  Minhas Mohamed and Paul Pathak have resigned as directors of the Company following completion of the QT.  The Board has appointed Mr. Peter Miller as President and Chief Executive Office and Mr. Harvey McKenzie as Chief Financial Officer.

Concurrent with the closing of the QT, Stannico received exercise notices for approximately $1.25 million of warrant exercises pursuant to which warrant holders were issued one common share for each whole warrant exercised.  The common shares were then immediately exchanged for common shares of Eurotin.

For further information, please contact David Danziger, a director of Eurotin, at (416) 626-6000.

Forward-Looking Statements

Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. In addition, this press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements, general market conditions, and the uncertainty of access to additional capital; changes in the world-wide price of mineral commodities; general economic conditions; the timing of the closing of the Transaction and changes in laws, rules and regulations applicable to the Company. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Company has no intention or obligation to update the forward-looking statements contained in this press release.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed QT and has neither approved nor disapproved the contents of this press release.

Corporate, Ryan Hunter, S. Paul Pathak, Transaction Press Releases