Aston Hill Asset Management Inc. announces approval of proposed reorganization of Aston Hill Global Agribusiness Fund and updated timeline for Aston Hill Senior Gold Producers Income Corp. and Aston Hill Global Uranium Fund Inc.
TORONTO, March 8, 2013 /CNW/ - Aston Hill Asset Management Inc. (the "Manager"), the manager of Aston Hill Global Agribusiness Fund ("Global Agribusiness", TSX: AGB.UN), Aston Hill Senior Gold Producers Income Corp. ("Senior Gold Producers", TSX: GPC) and Aston Hill Global Uranium Fund Inc. ("Global Uranium", TSX: GUR and, together with Global Agribusiness and Senior Gold Producers, the "Funds"), announced today that the unitholders of Global Agribusiness have approved the previously announced proposed changes to its investment mandate and reorganization into a public mutual fund. These changes remain on their original timeline for implementation which includes delisting the units of Global Agribusiness from trading on the Toronto Stock Exchange on or about March 15, 2013 and completing the other changes to Global Agribusiness on or about March 22, 2013.
The special meetings of shareholders of Senior Gold Producers and Global Uranium have been adjourned for lack of quorum and will reconvene on March 22, 2013 at 10:00 a.m. at the office of the Manager, at which time those shareholders present in person or represented by proxy will constitute a quorum for each meeting. Shareholders then will vote on the proposed mergers of Senior Gold Producers and Global Uranium into Global Agribusiness and, if approved, the mergers are expected to be implemented on or about April 4, 2013. Each proposed merger that is approved will be implemented, regardless of whether the other proposed merger is approved.
Additional information concerning the proposed transactions is contained in the materials provided to securityholders in connection with the special meetings and is available at www.sedar.com and at www.astonhill.ca.
About Aston Hill
The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF). Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds. Aston Hill Financial is also engaged in the administration of Argent Energy Trust (TSX: AET.UN). Aston Hill Financial has offices in Calgary, Toronto and Halifax.
SOURCE: Aston Hill Asset Management Inc.For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.