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TORONTO, April 20, 2015 /CNW/ - Marret Resource Corp. (MAR.TO) (the "Company") is today providing an update on its ongoing corporate review. As announced in late 2014, the Company has been reviewing various alternatives to deal with the significant trading price discount to net asset value of the common shares and providing liquidity to shareholders. A transaction committee (the "Transaction Committee") comprised of Frank Davis, Douglas Scharf and John Anderson, each an independent director, was established in late 2014 to review various alternative proposals. It is anticipated that a formal proposal (the "Proposal") will be made to shareholders at the annual meeting scheduled for late June 2015. Details of the Proposal will be announced before the meeting and contained in the management information circular (the "Circular") to be mailed to shareholders in May. The Transaction Committee has retained Norton Rose Fulbright Canada LLP as its legal advisor and INFOR Financial Inc. as its financial advisor. The Company has received a proposal for inclusion in the Circular from Frigate Ventures LP ("Frigate") and M5V Advisors Inc. ("M5V"). Frigate and M5V manage funds that are shareholders in the Company. Their proposal calls for Moez Kassam, Jay Lubinsky, Maurice Kagan, David Prussky and John Clarke to be elected directors of the Company. Full details of the Frigate / M5V proposal will be contained in the Circular. About Marret Resource Corp. Marret Resource Corp. is focused on natural resource lending. The Company's business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource-related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances. Marret Asset Management Inc. is the Company's investment manager and is responsible for implementing Marret Resource Corp.'s investment strategy and managing its investment portfolio. About Marret Asset Management Inc. Marret Asset Management Inc. is the manager of the Company. Marret Asset Management and its experienced team of investment professionals led by Barry Allan specialize exclusively in fixed income and, particularly, in high yield debt strategies. Barry Allan, the President and Chief Investment Officer, founded Marret Asset Management in 2000, following a career at Altamira, Nesbitt Thomson and a Canadian chartered bank. Mr. Allan has over 30 years of experience in credit and fixed income markets.
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Marathon PGM Corporation
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EXPLORATEUR |
CODE : MAR.TO |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Marathon PGM est une société d’exploration minière de nickel et de zinc basée au Canada. Marathon PGM détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont BIRD RIVER - PAGE BLOCK, MARATHON, BIRD RIVER - NI ZONE, BIRD RIVER - ZN & CU ZONE et GEORDIE LAKE au Canada. Marathon PGM est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,2 millions CA$ (7,1 millions US$, 6,2 millions €). La valeur de son action a atteint son plus bas niveau récent le 14 août 1998 à 0,02 CA$, et son plus haut niveau récent le 03 juin 2011 à 7,50 CA$. Marathon PGM possède 17 700 000 actions en circulation. |