Business
Progress and ProEx Securityholders Vote Strongly in Favor of Merger
CALGARY, Jan. 14 /CNW/ - Progress Energy Trust ("Progress Trust") (TSX-PGX.UN) and ProEx Energy L...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 14 /CNW/ - Progress Energy Trust ("Progress Trust")\n(TSX-PGX.UN) and ProEx Energy Ltd. ("ProEx") (TSX-PXE) today announced that\nthe securityholders of both companies voted overwhelmingly in favor of the\nbusiness combination announced on November 17, 2008.\n\n\nProgress Securityholders and Progress Performance Unitholders voted over\n90 percent in favor of the Plan of Arrangement resolution, 86 percent in favor\nof the Share Unit Plan resolution and 87 percent in favor of the Stock Option\nPlan resolution.\n\n\nProEx Shareholders voted over 99 percent in favor of the Plan of\nArrangement resolution, 88 percent in favor of the Share Unit Plan resolution,\n89 percent in favor of the Stock Option Plan resolution and essentially 100\npercent in favor of the Corporate Name Change resolution.\n\n\nCourt and other regulatory approvals have been received and the closing\nis scheduled to occur, and be effective, on Thursday, January 15, 2009.\n\n\nAdvisory Regarding Forward-Looking Statements\n\n\nThis press release contains forward-looking statements and\nforward-looking information within the meaning of applicable securities laws.\nThe use of any of the words "expect", "anticipate", "continue", "estimate",\n"objective", "ongoing", "may", "will", "project", "should", "believe",\n"plans", "intends" and similar expressions are intended to identify\nforward-looking information or statements. More particularly and without\nlimitation, this press release contains forward looking statements and\ninformation concerning the completion of the Arrangement.\n\n\nThe forward-looking statements and information are based on certain key\nexpectations and assumptions made by ProEx and Progress Trust, including\nexpectations and assumptions concerning the satisfaction of the remaining\nconditions to the completion of the Arrangement. Although ProEx and Progress\nTrust believe that the expectations and assumptions on which such\nforward-looking statements and information are based are reasonable, undue\nreliance should not be placed on the forward looking statements and\ninformation because ProEx and Progress Trust can give no assurance that they\nwill prove to be correct.\n\n\nSince...