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Dacha announces results of annual and special meeting of shareholders
TORONTO , Aug. 11, 2014 /CNW/ - Dacha Strategic Metals Inc. (TSX-V: DSM) (" Dacha ") anno...
About this update from Koryx Copper S.a.
[{"type":"text","content":"\n\nTORONTO, Aug. 11, 2014 /CNW/ - Dacha Strategic Metals Inc. (TSX-V: DSM) (\"Dacha\") announced that at its annual and special meeting of shareholders that was held earlier today, Dacha's shareholders overwhelmingly approved resolutions relating to:\n\n\nthe previously announced transaction pursuant to which Merus Labs International Inc. (\"Merus\") (TSX: MSL, NASDAQ: MSLI) will acquire from Dacha, in exchange for common shares of Merus (\"Merus Shares\") priced at $1.70 per share, a new subsidiary to be incorporated by Dacha (\"Newco\") and to which Dacha will contribute a minimum of $6 million cash by way of equity subscriptions (the \"Newco Sale\"); and\na proposed share capital reorganization to be implemented immediately following the Newco Sale (the \"Share Capital Reorganization\") that will result in all of Dacha's outstanding common shares being redeemed in exchange for Merus Shares.\nAt the meeting, shareholders also re-elected Dacha's existing directors, re-appointed Dacha's auditor and ratified Dacha's existing stock option plan.\n\nDacha expects that the Newco Sale and the Share Capital Reorganization will be completed on or about August 13, 2014. Dacha will announce the final redemption price for its common shares and the number of Merus Shares to be delivered in satisfaction of the redemption price upon completion of the Newco Sale and the Share Capital Reorganization. Following completion of these transactions, Dacha will apply to be delisted from the TSX Venture Exchange and to cease to be a reporting issuer for Canadian securities law purposes.\n\nForward-Looking Statements\n\nThis release contains certain \"forward looking statements\" and certain \"forward-looking information\" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as \"may\", \"will\", \"expect\", \"intend\", \"estimate\", \"anticipate\", \"believe\", \"continue\", \"plans\" or similar terminology. Forward-looking statements and information include, but are not limited to, statements with respect to the Newco Sale and the Share Capital Reorganization, receipt of the requisite regulatory and shareholder approvals in respect thereof, Dacha's intention to distribute the Merus Shares to its shareholders and wind up its operation...