Welcome To The Forsys Metals HUB On AGORACOM
Edit this title from the Fast Facts Section
Message: Confirms Granting of Interim Order and Expected Date for Mailing of Information
| January 28, 2009 |
| Forsys Metals Corp Confirms Granting of Interim Order and Expected Date for Mailing of Information Circular |
| TORONTO, ONTARIO--(Marketwire - Jan. 28, 2009) - Forsys Metals Corp. ("Forsys") (TSX:FSY)(FRANKFURT:F2T)(NSX:FSY) is pleased to announce that the Superior Court of Justice of Ontario (Commercial List) has today issued an interim order (the "Interim Order") in connection with the previously announced plan of arrangement (the "Arrangement") which, if approved by Forsys securityholders, will implement the proposed indirect acquisition (the "Transaction") by George Forrest International Afrique S.P.R.L. (through its nominee) of all of the issued and outstanding common shares of Forsys at a price of CAD$7.00 per share in cash and all of Forsys' outstanding "in-the-money" options and warrants for their "in-the-money" value pursuant to the Arrangement. The Interim Order provides for the calling of a special meeting of Forsys securityholders to consider the Arrangement (the "Meeting"). The Arrangement is subject to, among other things, the approval of the Superior Court of Justice of Ontario (Commercial List), receipt of all necessary regulatory approvals, the approval by not less than 66 2/3% of the votes cast by holders of common shares of Forsys and by not less than 66 2/3% of the votes cast by holders of options and warrants of Forsys and holders of common shares of Forsys (voting together) and the satisfaction or waiver of other conditions precedent to the Arrangement. The hearing in respect of the final order to approve the Arrangement is currently scheduled to take place on March 3, 2009, with completion of the Transaction to occur no later than March 18, 2009. The Meeting will be held on February 27, 2009 at the offices of McCarthy Tetrault LLP located at 66 Wellington Street West, Suite 5300, TD Bank Tower, Toronto Dominion Centre, Toronto, Ontario at 10:00 a.m. (EST). Forsys securityholders of record as of January 26, 2009 will be entitled to attend and vote at the Meeting. Forsys intends to mail the notice of the Meeting and a management information circular (the "Circular") relating to the Meeting on January 30, 2009. The Circular contains detailed information concerning the Arrangement and will also be available on Forsys' website at www.forsysmetals.com or the Canadian SEDAR website at www.sedar.com. |
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply