Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (11237)	11/17/2015 7:48:23 AM
From: Goose94	Read Replies (1) \| Respond to of 202991

First Point Minerals (FPX-V) Nov 17, '15 is pleased to announce that its shareholders have approved the Company's previously announced binding agreement with affiliated companies of Cliffs Natural Resources (CLF-NY) to purchase Cliffs' 60% ownership of the Decar nickel project "Decar" or the "Project"), located in central British Columbia (the "Transaction"). Completion of the purchase will re-establish First Point as the 100% owner of Decar, securing for its shareholders all of the benefits of further advancement of the Project and continued exposure to the Project's exploration upside. Shareholder Approval of Purchase Transaction: At a Special Meeting of First Point's shareholders held on November 16, 2015, the Company's shareholders voted overwhelmingly in support of the resolution approving the Transaction. In accordance with the provision of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, an aggregate of 19,428,468 shares owned by shareholders having an interest in the Transaction were precluded from voting, leaving a balance of 86,380,871 shares eligible to vote at the meeting. An aggregate of 26,156,128 eligible shares were voted, of which 26,146,128 were voted in favour of the resolution approving the Transaction, being 99.96% of the total number of eligible shares voted. Full details of the Transaction and certain other matters are set out in the management information circular dated October 9, 2015 (the "Information Circular"). A copy of the Information Circular and other meeting materials, including a summary of the voting results, can be found on the SEDAR website at www.sedar.com. First Point anticipates that the Transaction will close on or about November 18, 2015. About First Point First Point Minerals Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.firstpointminerals.com or contact Jim Gilbert, President and CEO, at (604) 681-8600. On behalf of First Point Minerals Corp. "Jim Gilbert" Jim Gilbert, President and CEO Suite 200 -- 1155 West Pender Street Vancouver, BC Canada V6E 2P4 Tel: 604.681.8600 Fax: 604.681.8799 e-mail: info@firstpointminerals.com