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Biomira Inc. announces date for special meeting of shareholders; Oncothyreon Inc. registration statement declared effective
Biomira Inc. announces date for special meeting of shareholders; Oncothyreon Inc. registration statement declared effective.
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"\n\n\n\nEDMONTON, and BELLEVUE, WA, Nov. 1 /CNW/ - Biomira Inc. (Nasdaq: BIOM)\n(TSX: BRA) (the "Company") today announced that it will hold a special meeting\nof shareholders at 9:00 a.m. Mountain Time on December 4, 2007, at the Delta\nEdmonton South Hotel & Conference Centre, 4404 Gateway Blvd., Edmonton. The\nmeeting will consider a special resolution to approve a plan of arrangement\nunder which Biomira will migrate to the United States by creating a holding\ncorporation, Oncothyreon Inc., which will become the ultimate parent\ncorporation of Biomira and its subsidiaries. Holders of common shares and\npreference shares as of the close of business on October 24, 2007, are\nentitled to receive notice of and to vote at the special meeting. A proxy\nstatement/prospectus in connection with the solicitation of proxies for the\nspecial meeting is expected to be mailed to shareholders on approximately\nNovember 7, 2007. The special meeting is taking place pursuant to an interim\norder of the Alberta Court of Queen's Bench dated October 29, 2007.\n\n\nOncothyreon Inc. filed an amended registration statement on Form S-4 with\nthe Securities and Exchange Commission (the "SEC") on October 29, 2007, which\nwas declared effective by the SEC on October 31, 2007. Upon the completion of\nthe proposed plan of arrangement, holders of common shares of Biomira Inc.\nwill receive one-sixth of a share of common stock of Oncothyreon Inc. in\nexchange for each common share of Biomira Inc., which will have the effect of\na 6 for 1 reverse stock split of Biomira Inc. common shares. If the\nshareholders approve the plan of arrangement and the Alberta Court of Queen's\nBench issues a final order approving the plan of arrangement, Biomira\ncurrently estimates that the transactions contemplated by the plan of\narrangement should be completed on or about December 10, 2007. Oncothyreon\nintends to trade on the Nasdaq National Market under the symbol "ONTY" and on\nthe Toronto Stock Exchange under the symbol "ONY".\n\n\n"We are pleased that the court and regulatory authorities have moved\nexpeditiously, allowing us to hold the special meeting of shareholders in\nearly December," said Dr. Robert L. Kirkman, President and Chief Executive\nOfficer of Biomira. "We are confident that the steps contemplat...