Trimin Resources (TSE) has rescheduled its extraordinary general meeting to early November in order to allow for the completion of an independent report on the proposed sale of the company’s key asset. The company said the meeting originally scheduled for Oct. 31 will be held Nov. 5 so that Richardson Greenshields of Canada can assess “new information recently received.” The report is to examine an offer made by Billiton Resources Canada to buy Trimin’s 32.9% stake in the Hanson Lake property for $17.5 million. The special meeting is being called so that shareholders can vote to approve or reject the cash offer.
The Manitoba project is reported to contain 10.8 million tons grading 0.95% copper, 5.76% zinc, 0.42% lead, 0.015 oz. gold and 0.73 oz. silver per ton. The project is operated by Cameco which holds the remaining 67.1% interest.
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