CRC Royalty Corporation Announces Results of Meeting of Caledonian Royalty Holders, Lawsuit Against Caledonian and Special Meeting of CRC Shareholders to Approve Arrangement

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/26/15 -- CRC Royalty Corporation ("CRC") provides the following update on matters pertaining to Caledonian Royalty Corp. ("Caledonian"):

In contemplation of approval of such an Arrangement, CRC has entered into an agreement with the GPs which provides for those things and intends to call a special meeting of CRC Shareholders to seek approval of the Arrangement. The reasons for the proposed Arrangements and the specific terms thereof will be set out in the Information Circular prepared for that meeting.

It is unfortunate that resorting to litigation is necessary, but the Defendants have ignored all attempts by CRC and the GPs to reach a business solution to the regrettable situation which the Defendants have created. Instead, the Defendants have maintained a course of action which prefers their own interests over those of their stakeholders.

We thank you for your continued support and patience in this matter, and look forward to providing further updates and information to you as it becomes available.

CRC ROYALTY CORPORATION

Hugh Cartwright, Director



Contacts:
Hugh Cartwright
Director
604-630-7020

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Bereitgestellt von Benutzer: Marketwired
Datum: 26.02.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 374539
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VANCOUVER, BRITISH COLUMBIA

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Investment Services & Trading

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