Business
Cathedral Energy Services announces special meeting for conversion to a growth-oriented corporation
Cathedral Energy Services announces special meeting for conversion to a growth-oriented corporation
About this update from Act Energy Technologies Ltd.
[{"type":"text","content":"\n\n\n\nNov. 17, 2009 (Canada NewsWire Group) -- CALGARY, Nov. 17 /CNW/ -- Cathedral Energy Services Income Trust (the \"Trust\" - TSX: CET.UN) is pleased to announce that the Court of Queen's Bench of Alberta has issued an interim order with respect to the proposed plan of arrangement (the \"Arrangement\") between Trust and SemBioSys Genetics Inc. (\"SemBioSys\" - TSX: SBS). A special meeting of the Trust's unitholders is scheduled for 9:00 a.m. on Friday, December 18, 2009 in the Royal Meeting Room of the Metropolitan Conference Centre, 333 - 4th Avenue S.W., Calgary, Alberta. The record date for this special meeting has been set at November 16, 2009. At such meeting, unitholders will be asked to approve the Arrangement.The information circular and related proxy forms are expected to be mailed to unitholders on or about November 20, 2009 and will also be available on SEDAR at www.sedar.com. The Arrangement is subject to the approval of the Court of Queen's Bench of Alberta and of not less than 66 2/3% of the votes cast by Trust unitholders and the holders of securities of SemBioSys at their respective meetings. The closing of the Arrangement is expected to occur on or about December 18, 2009.The Board of Trustees eligible to vote have concluded that the Arrangement is fair to unitholders and is in the best interest of the Trust and the unitholders. As such, the Board recommends that unitholders vote in favour of the resolution approving the Arrangement.This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as \"forward-looking statements\") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as \"anticipate\", \"believe\", \"plan\", \"intend\", \"objective\", \"continuous\", \"ongoing\", \"estimate\", \"expect\", \"may\", \"will\", \"project\", \"should\" or similar words suggesting future outcomes. In particular, this news release contains forward-looking statements relating to: the Arrangement and the expected benefits thereof; future financial position; results of operations; dividends; tax pools and the availability of such tax pools; taxes; plans and objectiv...