An anonymous director reports
NOVACOPPER AND SUNWARD SHAREHOLDERS APPROVE THE ACQUISITION OF SUNWARD BY NOVACOPPER
The acquisition of Sunward Resources Ltd. by NovaCopper Inc. pursuant to a plan of arrangement received overwhelming approval by the shareholders of each company at their respective shareholder meetings held today.
At NovaCopper's special meeting, approximately 99.36 per cent of the shares represented at the NovaCopper meeting were voted in favour of the issuance of common shares of NovaCopper in connection with the arrangement. At Sunward's special meeting, approximately 99.98 per cent of the shares represented at the Sunward meeting were voted in favour of the arrangement. Under the terms of the arrangement, each shareholder of Sunward will receive 0.3 of a NovaCopper share for each common share of Sunward held. Additional information on the results of the meeting will be filed on the SEDAR website.
The arrangement is expected to be completed later this week, subject to court approval and the satisfaction of certain other customary closing conditions.
We seek Safe Harbor.
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