Tuesday, July 09, 2013 6:03:21 PM
Alert
Sprott Resource Lending Corp (TSX:SIL)
Historical Stock Chart
1 Month : From Jun 2013 to Jul 2013
TORONTO, June 26, 2013 /CNW/ - Sprott Resource Lending Corp. (the "Company" or "Sprott Resource Lending") (TSX:SIL) (NYSE MKT:SILU) announced today that its annual and special meeting of shareholders (the "Meeting"), originally scheduled for June 25, 2013, has been rescheduled to 10:00 a.m. (Toronto time) on Thursday, July 18, 2013 at the TSX Gallery, TMX Broadcast Centre, The Exchange Tower, 130 King Street West, Toronto, Ontario for the same purposes as set out in the notice of annual and special meeting of shareholders and management information circular of the Company dated May 24, 2013, including the proposed plan of arrangement between Sprott Inc. ("Sprott") and the Company (the "Arrangement").
The Company has been granted an order by the Ontario Superior Court of Justice, which is the court supervising the Arrangement, and has received approval of the Toronto Stock Exchange, to extend the time for holding the Meeting.
The Company is also pleased to announce that the United States Securities and Exchange Commission ("SEC") has indicated that it has no further comments in respect of its review of the Company's May 31, 2013 Schedule 13E-3 going private transaction statement filing, as amended ("Schedule 13E-3"). In response to the comments received from the SEC and in order to augment its previous disclosure, the Company has prepared an amended and restated management information circular, a copy of which will be mailed to all securityholders of the Company as soon as practicable. The amended and restated management information circular, as well as the Schedule 13E-3, will also be available for download from the Company's website at www.sprottlending.com as well as under its profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov.
"We apologize for the delay and any inconvenience this unexpected postponement of our annual and special meeting may have caused to our shareholders. We would like to thank our shareholders for their continuing patience and support", said Murray Sinclair, Chairman of Sprott Resource Lending's Board of Directors. To date, approximately 72.68% of the votes have been received, of which 98.91% of such votes are in favour of approving the Arrangement.
Shareholders who have already submitted a form of proxy or voting instruction form and do not wish to change their vote need not take any further action and shareholders continue to have the right to revoke or change their proxies prior to the commencement of the Meeting.
The record date for the Meeting has not changed and remains the close of business (5:00 p.m. (Toronto time)) on May 23, 2013.
It is currently expected that the closing of the Arrangement will take place on or about July 24, 2013.
About Sprott Resource Lending Corp.
Sprott Resource Lending (www.sprottlending.com) specializes in lending to resource companies on a global basis. Headquartered in Toronto, the Company seeks to generate income from lending activities as well as the upside potential of bonus arrangements with borrowers generally tied to the underlying property or shares of the borrower. Pursuant to a management services agreement and a partnership agreement, Sprott Lending Consulting Limited Partnership ("SLCLP") provides Sprott Resource Lending day to day business management as well as other management and administrative services. SLCLP is a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), the parent of Sprott Asset Management LP (www.sprott.com). For more information about Sprott Resource Lending, please visit SEDAR (www.sedar.com).
http://ih.advfn.com/p.php?pid=nmona&article=58170097
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