Business
Oceanus Resources and El Tigre Announce Receipt of Interim Order and Mailing of Meeting Materials
(via Thenewswire.ca) VANCOUVER, BC, CANADA / TheNewswire / October 9, 2015 - Oceanus R...
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"Oceanus Resources and El Tigre Announce Receipt of Interim Order and Mailing of Meeting Materials(via Thenewswire.ca)\n\n \nVANCOUVER, BC, CANADA / TheNewswire / October 9, 2015 - Oceanus Resources Corporation (\"Oceanus\") (TSXV:OCN) and El Tigre Silver Corp. (\"El Tigre\") (TSXV: ELS) are pleased to announce that El Tigre has been granted an interim order from the Supreme Court of British Columbia authorizing various matters, including the holding of a special meeting of El Tigre shareholders to consider the previously announced arrangement (the \"Arrangement\") between Oceanus and El Tigre and the mailing of a management information circular (the \"Circular\"). \n\n \n \nAs described in the Circular, El Tigre will be seeking shareholder approval for the Arrangement under Part 9, Division 5 of the Business Corporations Act (British Columbia) (the \"Arrangement Resolution\"). \n\n \n \nThe special meetings of El Tigre shareholders to consider the Arrangement Resolution will be held on Thursday, November 5, 2015. El Tigre's special meeting of shareholders will commence at 10:00 AM Pacific time at 2600 - 1066 West Hastings Street, Vancouver British Columbia. El Tigre shareholders of record as of the close of business on October 2, 2015 are eligible to vote at the special meeting. \n\n \n \nThe Board of Directors of El Tigre has unanimously recommended that El Tigre shareholders vote FOR the Arrangement Resolution. In addition, each of the directors and senior officers of El Tigre and certain El Tigre shareholders, who currently hold in the aggregate approximately 68% of the issued and outstanding El Tigre shares, have entered into voting agreements with Oceanus and El Tigre and have agreed to vote in favour of the Arrangement Resolution.\n\n \n \nUnder the terms of the Arrangement, El Tigre shareholders will receive 0.2839 of a common share of Oceanus for each El Tigre common share held (\"El Tigre Shares\"). In connection with the Arrangement, \"in-the-money\" warrants and stock options to purchase El Tigre Shares will be transferred to El Tigre in exchange for that number of El Tigre Shares as is equal to the value of the \"in-the-money\" amount of the warrant or option, and such El Tigre Shares so issued will be subsequently treated as per the remainder of the outstanding El Tigre Shares in the Arrangement. Outstanding warrant...