Strait Minerals (SRD-V) and Montan Capital (MO.P-V) Feb 25, '15 are pleased to announce that at each of their respective meetings of shareholders held on February 24, 2015, the shareholders of Montan (the "Montan Shareholders") and the shareholders of Strait (the "Strait Shareholders") gave the requisite approvals for the Amalgamation Resolution (as set out in the Joint Management Information Circular (the "Circular") of Montan and Strait dated January 23, 2015), thereby approving the transactions (the "Transactions") set out in the Amalgamation Agreement dated January 6, 2015, among Montan, Strait and 1023174 B.C. Ltd., a newly incorporated wholly-owned subsidiary of Strait. The Amalgamation Resolution was approved by 100% of the Montan Shareholders who voted at the meeting and 100% of the Strait Shareholders who voted at the meeting. The Strait Shareholders also overwhelmingly approved the Consolidation and Change of Name (as set out in the Circular and the Joint Press Release issued January 6, 2015) as well the new 2015 Stock Option Plan for Strait. Montan and Strait anticipate the Amalgamation Agreement will close around February 27, 2015. The Montan Shareholders also approved the cancellation of Seed Shares (as set out in the Circular), its transfer to the NEX in the event the Transactions do not close (as set out in the Circular), and the routine matters relating to the annual general meeting of Montan.
The continuing company will be named Montan Mining Corp. ("Montan Mining") and be focused on exploration and mine development in Peru. Montan Mining will be led by an experienced management and capital markets team with a track record of success in mine development in Peru (as well as other jurisdictions) and have a local Peruvian shareholder support base. Montan Mining will advance the Alicia Project for its high-grade copper potential and provide its shareholders with a platform to seek further advanced and/or cash flow opportunities in the Peruvian mining sector presented by the current malaise in the mining and resource market.
For additional information regarding the Amalgamation Agreement, please see the Circular and the copy of the Amalgamation Agreement, which have been filed under Montan's and Strait's profiles on SEDAR at www.sedar.com.
MONTAN CAPITAL CORP.:
Ryan Fletcher, President, CEO and Director,
Ph: 604.999.5603,
Email: rf@montancapital.com ,
Web: montancapital.com ;
STRAIT MINERALS INC.:
Jim Borland, President, CEO and Director,
Ph: 416.272.7387,
Email: jborland@straitminerals.com ,
Web: straitminerals.com |
