Sprott Resource and Adriana Resources are pleased to announce the completion of the previously announced plan of arrangement pursuant to which ADI acquired 100% of the outstanding 96,672,102 SRC common shares and SRC became a wholly-owned subsidiary of ADI. Holders of common shares of SRC received 3.0 ADI common shares per common share of SRC held [...]
Adriana Resources is pleased to announce that at a special meeting of the holders of common shares of ADI, held earlier today, the ADI Shareholders voted to approve the plan of arrangement pursuant to which ADI will acquire all of the issued and outstanding common shares of Sprott Resource Corp. Immediately prior to closing, ADI Shareholders will [...]
Sprott Resource and Adriana Resources are pleased to announce that leading proxy advisory firms Institutional Investor Services and Glass, Lewis & Co., have recommended that SRC shareholders vote in favour of the proposed business combination of SRC and ADI pursuant to which SRC would become a wholly-owned subsidiary of ADI and SRC shareholders [...]
Sprott Resource and Adriana Resources today announced that they will host a conference call on Tuesday, December 6, 2016 at 11:00am ET to discuss the proposed business combination of SRC and ADI and concurrent private placement announced on November 29, 2016. The call will be hosted by SRC CEO, Steve Yuzpe and ADI CEO, Michael Harrison. Conference [...]
Sprott Resource and Adriana Resources are pleased to announce that ADI has received TSX Venture Exchange acceptance with respect to the pricing of the private placement financings to be completed concurrently with the closing of the proposed business combination of SRC and ADI previously announced on November 29, 2016. Pursuant to the Private [...]
Sprott Resource and Adriana Resources announced today that they have entered into a definitive agreement to effect a business combination of SRC and ADI pursuant to a plan of arrangement under the Canada Business Corporations Act . In connection with the Arrangement, Sprott Inc., a fund managed by a subsidiary of Sprott, and Term Oil Inc. (a [...]
