WESTERN POTASH CORP T.WPX

News WESTERN REPORTS RESULTS OF ANNUAL AND SPECIAL MEETING

[thairat]

WESTERN POTASH REPORTS RESULTS OF ANNUAL AND SPECIAL MEETING

...announce that its shareholders have approved all items put before them:

KPMG LLP, Chartered Accountants, was appointed as an auditor at a remuneration to be fixed by the directors;

The number of directors of the Company has been fixed at six (6); and

Geoffrey Chang, Bill Xue, Xia Qinglong, Patrick Power, Zheng Mianping and Buddy Doyle have been elected to the Board.

The special resolution ("Arrangement Resolution") authorizing the Arrangement (defined below) was approved by 315,444,903 votes...

...The completion of the Arrangement will result in Western Resources becoming the TSX-listed successor company to Western Potash.

British Columbia Supreme Court to approve the Arrangement is scheduled to take place on March 15, 2017.

 

https://www.westernpotash.com/news/western-potash-reports-results-annual-and-special-meeting

[mdjbrown]

Should be an interesting next 20 days for the shareprice, before the arrangement closes. "Completion of the arrangement remains subject to, among other things, satisfaction of all conditions precedent to closing the arrangement, including the final approval of the B.C. Supreme Court. The hearing for the final order of the B.C. Supreme Court to approve the arrangement is scheduled to take

[goldpet]

Is getting the approval of the B.C. Supreme Court the way things like this are done in Canada? That seems to be something out of the ordinary to me. It would seem to me that a Canadian government agency would be giving them this approval. Like the mining commission or someone like that?   Maybe the laws in Canada require the judicial system to get involved?