Mr. Pascal Hamelin reports
METANOR RECEIVES COURT APPROVAL FOR THE PLAN OF ARRANGEMENT WITH BONTERRA
The Superior Court of Quebec (commercial division) has granted a final order authorizing the previously announced plan of arrangement between Metanor Resources Inc. and Bonterra Resources Inc., which was approved by the shareholders and optionholders of Metanor during a special meeting held on Sept. 18, 2018.
Closing of the arrangement is expected to take place on Sept. 24, 2018. Following closing, all outstanding common shares of Metanor will be exchanged for Bonterra common shares on the basis of 1.6039 Bonterra common shares for each Metanor share outstanding. The shareholders of Metanor, at the time of the delisting of the Metanor shares from the TSX Venture Exchange, which is expected to take place at the close of trading on Sept. 25, 2018, will be eligible to receive the Bonterra common shares.
As shareholders of Metanor may be required to take action in order to receive their Bonterra common shares, they should carefully review the terms of the arrangement set out in Metanor's management information circular dated Aug. 15, 2018, which is available under Metanor's profile on SEDAR, and complete, if necessary, the letter of transmittal (also available on SEDAR), which must be forwarded to Computershare Investor Services Inc. before delivery of the Bonterra common shares can take place.
The arrangement remains subject to final approval by the TSX-V.
We seek Safe Harbor.
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