| Sherritt Obtains Final Court Order Approving Maturity Extension | |
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TORONTO, ON--(Marketwired - July 27, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Sherritt International Corporation ('Sherritt' or the 'Corporation') (TSX: S)is pleased to announce that it has obtained a final court order from the Ontario Superior Court of Justice approving the plan of arrangement (the 'Plan of Arrangement') under the Canada Business Corporations Act pursuant to which the previously announced 3-year extension of the maturity dates (the 'Extension') in respect of Sherritt's$720 million of outstanding senior unsecured debentures (the 'Notes') will be implemented. As previously announced, the Plan of Arrangement was approved by holders of the Notes at a meeting held July 25, 2016.
The implementation of the Extension is expected to take effect on or about July 29, 2016, subject to the satisfaction or waiver of all other conditions to the Extension.
About Sherritt
Sherritt is the world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol 'S'.
Source: Sherritt Investor Relations
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Sherritt International Corporation
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PRODUCTEUR |
CODE : S.TO |
ISIN : CA8239011031 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Sherritt International est une société de production minière de nickel basée au Canada. Sherritt International est productrice de nickel, de cobalt à Cuba, en développement de projets de nickel à Madagascar. Son principal projet en production est MOA à Cuba, son principal projet en développement est AMBATOVY à Madagascar et son principal projet en exploration est COAL VALLEY au Canada. Sherritt International est cotée au Canada. Sa capitalisation boursière aujourd'hui est 55,9 millions CA$ (40,7 millions US$, 37,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 septembre 2006 à 9,99 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,09 CA$. Sherritt International possède 294 280 000 actions en circulation. |