Rodinia Provides Update on Change of Business
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/12/16 -- Rodinia Lithium Inc. (TSX VENTURE: RM) ("Rodinia" or the "Company") is pleased to announce the following update on Rodinia's previously announced plan to pursue a change of business ("COB") to a tier 2 investment company under the rules of the TSX Venture Exchange ("TSXV").
Summary of the COB
Rodinia continues to progress towards its COB. A special meeting of shareholders is expected to be called prior to May 30, 2016 to approve the COB (the "Special Meeting"). A management information circular to be sent to shareholders in connection with the Special Meeting is nearing completion and is subject to review by the TSXV.
In connection with the COB, the Company intends to adopt an investment policy (the "Investment Policy") to govern its investment activities and investment strategy. A copy of the Investment Policy will be posted on the Company's profile at .
The Investment Policy will provide, among other things, that the Company will seek to enhance shareholder value by making use of the experience, expertise and opportunity flow of its management and board of directors ("Board") to opportunistically make investments in situations that the Company believes will provide superior returns. Such investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities in the various sectors in which management and the Board have expertise. A summary of the Investment Policy follows.
Name Change
The Company currently proposes to change its name to "Routemaster Capital Inc." following the COB.
Shareholders' Meeting
When the Special Meeting is called, the Company will issue a notice and management information circular, which will be mailed to shareholders and posted on the Company's SEDAR profile at . A majority of shareholders present at the Special Meeting must approve the COB for it to proceed. Shareholder approval of 66 2/3% of the shares voting in person or by proxy at the Special Meeting will be required to approve the change of the Company's name.
Other Information
Completion of the COB is subject to a number of conditions, including TSXV acceptance and disinterested Shareholder approval. The COB cannot close until the required shareholder approval is obtained. There can be no assurance that the COB will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management Information circular to be prepared in connection with the COB, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company.
FORWARD-LOOKING STATEMENTS: This news release contains certain forward-looking statements, including statements regarding the COB. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Rodinia Lithium Inc.
William Randall
President and Chief Executive Officer
+1 (416) 309-2697
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Datum: 12.04.2016 - 23:23 Uhr
Sprache: Deutsch
News-ID 463576
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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