20:08:53 EDT Fri 20 Apr 2018
Enter Symbol
or Name

Forrester Metals Inc
Symbol C : VEM.H
Shares Issued 118,204,975
Close 2017-04-20 C$ 0.11
Recent Sedar Documents

Forrester provides further update on April 24 meeting

2017-04-21 14:55 ET - News Release

Mr. Bill Williams reports


Forrester Metals Inc. has provided an update in respect of its 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 special meeting of shareholders to approve the arrangement under the Ontario Business Corporations Act is scheduled to be held at the offices of Forrester, 130 King St. West, suite 3680, Toronto, Ont., on Monday, April 24, 2017, at 10 a.m. ET.

For the arrangement to be approved, Forrester will require the approval by 66-2/3rds per cent of the votes cast by its shareholders who are present in person or by proxy at the special meeting, as well as the approval of a simple majority of disinterested shareholders. For purposes of applicable securities laws, all shares held by the directors and officers of Forrester, being 8,215,001 shares in aggregate, will be excluded from the minority vote. The board of directors of Forrester has previously approved the arrangement and has unanimously recommended that shareholders approve the arrangement.

Following the special meeting, 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 Venture Exchange and NEX approval for the transaction, in addition to court approval, the transaction will close.

We seek Safe Harbor.

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