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TORONTO, ONTARIO--(Marketwire
- Sept. 17, 2009) - Nevoro Inc. (TSX:NVR)
("Nevoro") announces that RiskMetrics ISS Canada ("RiskMetrics"),
Canada's leading independent proxy firm, recommends Nevoro
security holders vote FOR the proposed plan of arrangement whereby Starfield Resources Inc. (TSX:SRU) ("Starfield") will acquire all of the
outstanding common shares of Nevoro. RiskMetrics also indicates it has no objection to
the transaction and there are no governance concerns. Under the
transaction, shareholders will receive 0.87 of a common share of Starfield in exchange for each Nevoro
common share.
Victor Bradley, Executive Deputy Chairman of Nevoro
stated "RiskMetrics' recommendation that
Nevoro security holders vote FOR the
transaction provides, in our opinion, significant independent
validation that the transaction represents the best alternative for
maximizing shareholder value."
A special meeting of Nevoro shareholders will
be held at 9:00 a.m. (Toronto time) on
Tuesday, September 29, 2009 at the offices of Stikeman
Elliott LLP, 5300 Commerce
Court West, 199 Bay Street in Toronto, Ontario,
Canada,
M5L 1B9. Nevoro security holders are
encouraged to review the Notice of Special Meeting and Information
Circular dated August 28, 2009. The Information Circular provides,
among other things, a detailed discussion of the process that led to
the proposed transaction and the reasons behind Nevoro's
Board of Directors' unanimous recommendation that shareholders vote FOR
the transaction. Subject to obtaining court approval and satisfying all
other conditions of closing, including obtaining the approval of Nevoro's shareholders, it is anticipated that the
transaction will be completed on or about October 5, 2009.
Nevoro's Board urges shareholders to vote
their proxy FOR the proposed transaction today by signing, dating and
returning their proxies by not later than noon (Toronto time) on September 25, 2009. If
shareholders have any questions about the information contained in the
Information Circular or require assistance in completing their proxy
forms, please contact Nevoro's proxy
solicitation agent, The Laurel Hill Advisory Group, toll-free at
1-888-882-6742.
About RiskMetrics Group
RiskMetrics Group is
Canada's leading
independent proxy advisory firm and the leading authority on proxy
voting and corporate governance issues in Canada. RiskMetrics
has been providing advisory and voting services to leading pension
funds, investment managers, mutual funds and other institutional
shareholders since 1987.
About Nevoro
Nevoro Inc. is a
TSX-listed exploration and development company focused on the discovery
of precious and base metals primarily in the western USA. Nevoro holds the Stillwater
nickel-copper-cobalt-PGE-chromite project in Montana with historic copper, nickel, chromite resources (non 43-101 and not to be relied
on), the Moonlight copper project in California,
and eight gold exploration projects in Nevada.
For more information, please visit the Nevoro
Inc. website at www.nevoro.com.
CAUTIONARY STATEMENT: All statements, other than historical fact,
contained or incorporated by reference in this news release, including
any information as to the future financial or operating performance of Nevoro, constitute "forward looking
statements" within the meaning of certain securities laws, and are
based on expectations, estimates and projections as of the date of this
news release. Such "forward looking statements", reflects
management's current beliefs and are based on information currently
available to management of Nevoro. In some
cases, forward-looking information can be identified by terminology
such as "may", "will", "should",
"expect", "plan", "anticipate",
"believe", "estimate", "predict",
"potential", "continue", "intention" or
the negative of these terms or other similar expressions concerning
matters that are not historical facts. Forward-looking information in
this news release includes but is not limited to economic performance
of Nevoro, statements regarding potential
mineralization and resource, exploration and future plans and
objectives of Nevoro, including exploration
and development. Forward-looking information involves significant risks
and uncertainties. A number of factors could cause actual events or results
to differ materially from the events and results discussed in the
forward-looking information including risks related to investments,
conditions of capital markets, economic conditions, dependence on key
personnel, interest rates, regulatory change and availability of future
financing. These factors should not be considered exhaustive. In
addition, in evaluating this information, investors should specifically
consider various factors, including risk factors, which may cause
actual events or results to differ materially from any forward-looking
statement. In formulating forward-looking information herein,
management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary
course, including without limitation with respect to general levels of
economic activity, regulations, taxes, interest rates and that there
will be no material changes. Although the forward-looking information
is based on what management of Nevoro
considers to be reasonable assumptions based
on information currently available to it, there can be no assurance
that actual events or results will be consistent with this
forward-looking information, and management's assumptions may prove to
be incorrect. This forward-looking information is made as of the date
of this press release, and Nevoro does not
assume any obligation, except as required by law, to update or revise
them to reflect new events or circumstances. Undue reliance should not
be placed on forward-looking information.
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