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Wellgreen Platinum Announces Update Regarding Private Placement Financing
Wellgreen Platinum Announces Update Regarding Private Placement Financing Wellgree...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\nWellgreen Platinum Announces Update Regarding Private Placement Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nWellgreen Platinum Announces Update Regarding Private Placement Financing\nCanada NewsWire\nVANCOUVER, April 22, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, April 22, 2016 /CNW/ - Wellgreen Platinum Ltd. (\"Wellgreen Platinum\" or the \"Company\") (TSX: WG; OTC-QX: WGPLF) is pleased to provide an update regarding its previously announced private placement financing involving Electrum Strategic Opportunities Fund L.P. (\"Electrum\") and certain existing shareholders (the \"Private Placement\").  The Company had previously announced that the second tranche of the Private Placement (the \"Second Tranche\"), which contemplates the issuance of up to 55,000,000 units of the Company, was subject to disinterested shareholder approval pursuant to the rules and policies of the Toronto Stock Exchange (the \"TSX\"), and, accordingly, the Company set a shareholders' meeting to be held on May 10, 2016 (the \"Meeting\") in order to obtain the requisite disinterested shareholder approval.\n\nThe Company is pleased to announce that, in accordance with Section 604(d) of the TSX Company Manual, it has obtained written consent from shareholders holding in excess of 50% of the common shares of the Company eligible to vote to approve the Second Tranche at the Meeting, pursuant to which such shareholders have confirmed that they would vote in favour of approving the Second Tranche.  As a result, the TSX has waived the requirement for the Company to obtain disinterested shareholder approval at a shareholders' meeting.  As no other business was scheduled to be conducted at the Meeting, the Company will cancel the Meeting and proceed to complete the Second Tranche as soon as reasonably practicable. \n\nThis news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.&#...