| Sherritt Obtains Final Court Order Approving Maturity Extension | |
| | |
|
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$720 million of outstanding senior unsecured debentures (the 'Notes') will be implemented. As previously announced, the Plan of Arrangement was approved by holders of the Notes at a meeting held July 25, 2016.
The implementation of the Extension is expected to take effect on or about July 29, 2016, subject to the satisfaction or waiver of all other conditions to the Extension.
About Sherritt
Sherritt is the world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol 'S'.
Source: Sherritt Investor Relations
|
|
|
Sherritt International Corporation
|
|
PRODUCER |
CODE : S.TO |
ISIN : CA8239011031 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sherritt International is a nickel producing company based in Canada. Sherritt International produces nickel, cobalt in Cuba, develops nickel in Madagascar. Its main asset in production is MOA in Cuba, its main asset in development is AMBATOVY in Madagascar and its main exploration property is COAL VALLEY in Canada. Sherritt International is listed in Canada. Its market capitalisation is CA$ 92.7 millions as of today (US$ 67.4 millions, € 63.3 millions). Its stock quote reached its highest recent level on September 22, 2006 at CA$ 9.99, and its lowest recent point on March 20, 2020 at CA$ 0.09. Sherritt International has 294 280 000 shares outstanding. |