Press release from Marketwire
Sherritt International Corporation Receives Requisition for Shareholder Meeting
Tuesday, December 24, 2013
Sherritt International Corporation Receives Requisition for Shareholder Meeting08:33 EST Tuesday, December 24, 2013
TORONTO, ONTARIO--(Marketwired - Dec. 24, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
The Board of Directors of Sherritt International Corporation ("Sherritt") (TSX:S) announced today that it has received a requisition pursuant to section 105 of Business Corporations Act (Ontario). The requisition requests a special meeting of Sherritt's shareholders be called to consider removing from office certain of the independent directors of Sherritt currently in place, and electing nominees submitted by the requisitioning shareholders. The Board of Directors of Sherritt will review the requisition and will provide an update in due course.
Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, Indonesia and Madagascar. The Corporation is the largest thermal coal producer in Canada and is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol "S".
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