TORONTO, April 6, 2017 /CNW/ - Forrester Metals Inc. (the "Company" or "Forrester") (NEX: VEM.H) announces that further to its recent press releases regarding the arrangement agreement entered into with Zinc One Resources Inc. ("Zinc One") in connection with the proposed plan of arrangement (the "Arrangement") pursuant to which Zinc One will acquire all of the issued and outstanding common shares of Forrester, the Company has filed on its SEDAR profile (www.sedar.com) the meeting documents for the Special Meeting of shareholders to approve the Arrangement under the Ontario Business Corporations Act. The Special Meeting is scheduled to be held at the offices of Forrester, 130 King Street West, Suite 3680, Toronto, Ontario M5X 1B1 on Monday, April 24, 2017 at 10:00 a.m. (Toronto time). The record date for determining Shareholders entitled to receive notice of and vote at the Special Meeting was fixed at the close of business on March 20, 2017.
To combine Forrester and Zinc One, Forrester will require approval by 66 2/3 percent of the votes cast by its shareholders as well as the approval of a simple majority of disinterested shareholders. The Board of Directors of Forrester has previously approved the Arrangement and has unanimously recommended that Shareholders approve the Arrangement. Shareholders are encouraged to vote their shares and reminded that proxies must be received before 10:00 a.m. (Toronto time) on April 20, 2017.
Forward-Looking Statements - Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Each of Zinc One and Forrester cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to each of Zinc One and Forrester's limited operating history, ability to complete the proposed Transaction (including obtaining all necessary shareholder and regulatory approvals), ability to close the Private Placement Financing and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, neither Zinc One nor Forrester undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Forrester Metals Inc.
For further information: please contact Bill Williams, CEO of Forrester at (416) 364 7739 or [email protected]