Business
PANORAMA RESOURCES LTD. AND ETHIOPIAN POTASH CORP. ANNOUNCE RESULTS OF SHAREHOLDER MEETINGS
PANORAMA RESOURCES LTD. AND ETHIOPIAN POTASH CORP. ANNOUNCE RESULTS OF SHAREHOLDER MEETINGS.
About this update from Agriminco Corp
[{"type":"text","content":"Panorama Resources Ltd. (“Panorama”) and Ethiopian Potash Corp. (“EPC”) are pleased to announce that in connection with the previously announced amalgamation of Panorama and EPC and related transactions (the “Amalgamation”), approval for the Amalgamation has been obtained from the shareholders of both corporations.In particular, the shareholders of Panorama have approved the Amalgamation, in addition to the following matters to take effect in connection with or upon the completion of the Amalgamation, as set out in greater detail in the management information circular of Panorama dated as of January 28, 2011:(i) the election of David Wahl, Wally Rudensky, Paul DesLauriers, Sanjay Joshi and George Roach as directors;(ii) the appointment of Grant Thornton LLP as the auditor of the Corporation for the ensuing year;(iii) the adoption of the Corporation’s current stock option plan;(iv) the approval of the continuance of Panorama from under the Business Corporations Act (British Columbia) to under the Business Corporations Act (Ontario) (the “Continuance”); and(v) the change of name of the resulting issuer to “Ethiopian Potash Corp.”Completion of the Amalgamation remains subject to a number of conditions including, but not limited to, regulatory approvals, including the approval of the TSX Venture Exchange.Forward Looking StatementsCertain information set forth in this press release, including the completion of the Amalgamation, contains forward looking statements. The use of any of the words \"anticipate\", \"continue\", \"estimate”, \"expect\", \"may\", \"will\", \"project\", \"should\", \"believe\" and similar expressions are intended to identify forward looking statements. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including the receipt of third party approvals, including shareholder and regulatory approvals, satisfaction or waiver of the conditions precedent to closing of the Amalgamation, impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve or resource estimates, env...