Mr. Glenn Kelly reports
ORBITE TO POSTPONE Q4 2014 CONFERENCE CALL TO APRIL 8TH IN LINE WITH REGULATORY DISCLOSURE RESTRICTIONS
Orbite Aluminae Inc. will postpone its customary quarterly conference call, originally to be held on April 1, to April 8 at 10 a.m. Additionally, the company announces that the previously postponed special meeting of shareholders will be held April 27, 2015, to vote on the Series Y financing.
Considering Orbite's intention to provide shareholders with the opportunity to ask management to address issues during the question-and-answer session subsequent to the conference call and given the legal restrictions applicable to disclosure during the distribution period relating to Orbite's bought-deal financing announced earlier today, management has deemed it preferable to postpone the conference call to a time subsequent to the anticipated closing of the bought-deal portion of the current offering.
"In our call, we want to be able to conduct an open dialogue with our shareholders on matters ranging from the completion of our HPA plant to our finances," stated Glenn Kelly, chief executive officer of Orbite. "The restrictions placed upon us in relation to the current financing render that difficult, which would result in a rather sterile and uninformative call, which benefits none of our stakeholders. By postponing the call, we will be able to discuss all matters of interest, obviously subject to not breeching disclosure regulations."
Special meeting of shareholders
The previously postponed special meeting of shareholders relative to the Series Y subscription rights financing will be held on April 27, 2015. Details and further information regarding this meeting will be communicated subsequent to the closing of the bought-deal portion of the current offering, as described above.
Conference call details
Details for the conference call to discuss the company's fourth quarter and full year 2014 financials, as well as to discuss the company's progress toward completion of its three-tonne-per-day HPA facility, are as follows:
The call will be held in English. The question-and-answer session will be in English and French.
Date: April 8, 2015
Time: 10 a.m. ET
Dial-in numbers: 1-888-231-8191, 1-647-427-7450
Webcast: Available on-line
Taped replay numbers: 1-855-859-2056,
1-514 807-9274,
1-416 849-0833
Encore password: 6252465
The replay will be available until 12 a.m. ET on Wednesday, April 22, 2015.
We seek Safe Harbor.
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