Press release from Marketwire
Securityholders Approve Arrangement With QRS
Monday, June 24, 2013
Securityholders Approve Arrangement With QRS14:30 EDT Monday, June 24, 2013
TORONTO, ONTARIO--(Marketwired - June 24, 2013) - Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRLN) ("Halo") is pleased to announce that at the Annual and Special Meeting of the Securityholders of Halo held June 21, 2013, the Securityholders of Halo passed the special resolutions approving the proposed Arrangement with QRS Capital Corp. by a margin of 99.03%. Shareholders also re-elected the incumbent board and auditors and ratified the Company's stock option plan.
The closing of the Arrangement and related matters remain subject to court approval at a hearing set for June 25, 2013 and certain other conditions and risk factors described in Halo's Management Proxy Circular dated May 15, 2013, a copy of which is available under Halo's profile on SEDAR (www.sedar.com). Further information regarding the close of the Arrangement will be provided in a subsequent press release as such information becomes available. Halo expects to complete the arrangement on or before June 30, 2013.
About Halo Resources Ltd.
Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits.
ON BEHALF OF THE BOARDS OF DIRECTORS
Marc Cernovitch, President and Chief Executive Officer
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the arrangement, any information released or received with respect to the arrangement may not be accurate or complete and should not be relied upon. Trading in the securities of Halo should be considered highly speculative.
The TSX Venture Exchange has in no way passed on the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.
Neither 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Halo Resources Ltd.
President and Chief Executive Officer