Sasamat Capital Corporation Obtains Interim Court Order for Proposed Arrangement
April 26 2007 - 3:46PM
PR Newswire (US)
VANCOUVER, British Columbia, April 26 /PRNewswire-FirstCall/ --
Sasamat Capital Corporation ("Sasamat") (Pink Sheets: SSALF) is
pleased to announce that Sasamat and KHD Humboldt Wedag
International Ltd. ("KHD") (NASDAQ:KHDH) applied to the Supreme
Court of British Columbia on April 20, 2007 and obtained an interim
order providing, among other things, for the calling and holding of
the annual and special meeting of the shareholders of Sasamat (the
"Meeting"). At the Meeting, the shareholders of Sasamat will be
asked to approve an arrangement agreement between Sasamat and KHD
providing for the acquisition by KHD of all of the outstanding
common shares of Sasamat (the "Arrangement"), such that Sasamat
will become a wholly-owned subsidiary of KHD. Sasamat expects to
hold the Meeting on May 22, 2007. Upon obtaining approval of the
Arrangement by the shareholders of Sasamat at the Meeting, Sasamat
and KHD will make an application to the Supreme Court of British
Columbia for a final order approving the Arrangement on May 23,
2007 or such other date as may be required by the Court. For
further information please contact: R. Randall (604) 408-8538
DATASOURCE: Sasamat Capital Corporation CONTACT: R. Randall of
Sasamat Capital Corporation, +1-604-408-8538
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