Business
Windstorm Resources Inc. Receives Court Approval of Business Combination with Blue Sky Uranium Corp.
(via Thenewswire.ca) Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: AOMKXP)) ("Blue Sky...
About this update from Western Star Resources, Inc.
[{"type":"text","content":"\nWindstorm Resources Inc. Receives Court Approval of Business Combination with Blue Sky Uranium Corp.\n\n(via Thenewswire.ca)\n\n \nBlue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: AOMKXP)) (\"Blue Sky\") and Windstorm Resources Inc. (TSX-V: WSR, FRA: 4WE (WKN: A1H700)) (\"Windstorm\") are pleased to announce that, following receipt of necessary shareholder approval on June 28, 2012, Windstorm has now received the necessary court approval of the plan of arrangement pursuant to which Blue Sky will acquire all of the outstanding common shares of Windstorm (the \"Arrangement\") and Windstorm will become a wholly-owned subsidiary of Blue Sky. For details of the Arrangement, please refer to Windstorm's information circular dated May 24, 2012 previously sent to shareholders and available on SEDAR at www.sedar.com.\n\n\n \nOn July 3, 2012, the Supreme Court of British Columbia entered its final order approving the Arrangement.\n\n\n \nSubject to TSX Venture Exchange (the \"Exchange\") final approval, the closing of the Arrangement is expected to occur on July 5, 2012. Pursuant to the Arrangement, Blue Sky will issue to shareholders of record of Windstorm on July 5, 2012, 0.38868 of a common share of Blue Sky (the \"Exchange Ratio\") for each outstanding common share of Windstorm. Outstanding warrants and stock options to acquire common shares of Windstorm will entitle the holders thereof on exercise to receive common shares of Blue Sky, adjusted for the Exchange Ratio with a corresponding adjustment to the exercise price and subject to the terms of such Windstorm warrants and stock options.\n\n\n \nComputershare Investor Services Inc., Windstorm's transfer agent, will following the closing of the Arrangement mail a letter of transmittal to the registered shareholders of Windstorm providing instructions on how to exchange share certificates of Windstorm for share certificates of Blue Sky. Windstorm will be sending letters to holders of outstanding Windstorm warrants and stock options advising of the adjustments made to their securities as a result of the Arrangement.\n\n\n \nThe common shares of Windstorm will be halted from trading on the Exchange prior to the market open on July 4, 2012 and will be subsequently de-listed from the Exchange following closing of the Arrangement.\n\n\n \nThe securities of Blue Sky referred to in this n...