Aston Bay Ventures Announces Shareholder Approval of Proposed Arrangement, Date for Final Order Application and Corporate Update

About this update from Aston Bay Holdings Ltd.

[{"type":"text","content":"\nAston Bay Ventures Announces Shareholder Approval of Proposed Arrangement, Date for Final Order Application and Corporate Update\n\n(via Thenewswire.ca)\n\n \nVancouver, British Columbia - March 25, 2013: Aston Bay Ventures Ltd. (\"Aston Bay\" or the \"Company\") is pleased to announce the results of its Annual General and Special Meeting of Shareholders (the \"Meeting\") held on March 21, 2013 in Vancouver, B.C. At the Meeting, shareholders approved all resolutions put before them by management, including the election of all director nominees, the re-appointment of the incumbent auditor and approval of the proposed transaction (the \"Transaction\") with Escudo Capital Corporation (\"Escudo\"), a Capital Pool Company pursuant to the policies of the TSX Venture Exchange (the \"TSX-V\"), whereby Escudo will acquire all of the issued and outstanding shares of Aston Bay by way of plan of arrangement (the \"Arrangement\") pursuant to the British Columbia Business Corporations Act. The Transaction is intended to serve as Escudo's Qualifying Transaction pursuant to the policies of the TSX-V.\n\n \n \nAs a result of the proposed Arrangement, each Aston Bay shareholder will receive one common share in the capital of Escudo for each share of Aston Bay held by that shareholder on the effective date of the Transaction. Completion of the proposed Transaction is subject to the approval of the Supreme Court of British Columbia and final acceptance by the TSX Venture Exchange (\"TSX-V\").\n\n \n \nAt 9:45 a.m. on April 2, 2013, Aston Bay plans to apply to the Supreme Court of British Columbia (the \"Court\") at 800 Smithe Street, Vancouver, British Columbia, to obtain an Order of the Court approving the Arrangement. At the hearing, any registered shareholders of Aston Bay and any other interested parties who wish to participate or to be represented or to present evidence or arguments may do so, subject to filing with the Court and delivering a notice of such intention to Shane D. Coblin, Kornfeld LLP, 1100 One Bentall Centre, 505 Burrard Street, Vancouver, British Columbia V7X 1M5, counsel for Aston Bay, no later than 4:00 p.m. on April 1, 2013, the day immediately preceding the date of the hearing.\n\n \n \nThe following is a summary of results of the Meeting.\n\n \n \nElection as Directors\n\n \n \nAston Bay's incumbent directors, namely: B...

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