07:11:46 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Forrester Metals Inc
Symbol VEM
Shares Issued 118,204,975
Close 2017-04-24 C$ 0.11
Market Cap C$ 13,002,547
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Forrester shareholders approve acquisition by Zinc One

2017-04-24 19:22 ET - News Release

Mr. Bill Williams reports

FORRESTER SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT

At Forrester Metals Inc.'s special meeting of shareholders held earlier today, Forrester shareholders voted in favour of the proposed arrangement with Zinc One Resources Inc., pursuant to which Zinc One will acquire all of the issued and outstanding common shares of Forrester. The arrangement was approved by approximately 99.9 per cent of the votes cast by: (i) all of the Forrester shareholders voting at the special meeting; and (ii) the majority of disinterested Forester shareholders voting at the meeting in person or by proxy.

Completion of the arrangement remains conditional on approval by the Ontario Superior Court of Justice and certain other customary closing conditions, including receipt of TSX Venture Exchange and NEX approval for the transaction. Forrester will appear before the Ontario Superior Court to request that a final order of the court approving the arrangement be issued. It is expected that Forrester will bring its application to the court on April 26. Shortly following receipt of TSX-V and NEX approval for the transaction, in addition to court approval, the transaction will close.

We seek Safe Harbor.

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