Coventry Resources Announces Amendments to Information Circular and Proxy Statement
January 16 2014 - 7:45AM
Marketwired Canada
Coventry Resources Inc. (ASX:CYY)(TSX VENTURE:CYY) announces the following
amendments to its Information Circular and Proxy Statement dated December 17,
2013 (the "Information Circular") for its Special Meeting scheduled to be held
on January 21, 2014.
The information on page 20 of the Information Circular under the heading
"Treatment of Coventry Warrants" is deleted in its entirety and replaced with
the following:
"Treatment of Coventry Warrants
Pursuant to section 2.15(c) of the Coventry Warrant Indenture, the exercise
price of the Coventry Warrants and the exchange rate of the Coventry Warrants
(being the number of Coventry Shares subject to the right of purchase under each
Coventry Warrant), will be adjusted as a result of the Arrangement. The exercise
price will be adjusted in accordance with the following formula:
Number of
Coventry Current Aggregate
Shares Market Price Fair Market
Outstanding of Coventry Value of
On x Shares on - Consideration
Distribution Distribution Shares
Record Date Record Date Distributed
---------------------------------------------
Exercise New Exercise
price of Price of
Coventry x = Coventry
Warrants Warrants
Number of
Coventry Current
Shares Market Price
Outstanding x of Coventry
On Shares on
Distribution Distribution
Record Date Record Date
The exchange rate will be adjusted in accordance with the following formula:
Exercise Price Prior to
1 x Adjustment = New Exchange Rate"
---------------------------------
Adjusted Exercise Price"
The information on page 50 of the Information Circular under the heading
"Treatment of Coventry Warrants" is deleted in its entirety and replaced with
the following:
"Treatment of Coventry Warrants
Pursuant to section 2.15(c) of the Coventry Warrant Indenture, the exercise
price of the Coventry Warrants and the exchange rate of the Coventry Warrants
(being the number of Coventry Shares subject to the right of purchase under each
Coventry Warrant), will be adjusted as a result of the Arrangement. The exercise
price will be adjusted in accordance with the following formula:
Number of
Coventry Current Aggregate
Shares Market Price Fair Market
Outstanding of Coventry Value of
On x Shares on - Consideration
Distribution Distribution Shares
Record Date Record Date Distributed
---------------------------------------------
Exercise New Exercise
price of Price of
Coventry x = Coventry
Warrants Warrants
Number of
Coventry Current
Shares Market Price
Outstanding of Coventry
On x Shares on
Distribution Distribution
Record Date Record Date
The exchange rate will be adjusted in accordance with the following formula:
Exercise Price Prior to
1 x Adjustment = New Exchange Rate"
---------------------------------
Adjusted Exercise Price"
THE BOARD OF DIRECTORS
OF COVENTRY RESOURCES INC.
STEVEN CHADWICK
President and Chief Executive Officer
Coventry Resources Inc.
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. This press release may contain
forward-looking statements, which reflect the Company's current expectation
regarding future events. These forward-looking statements involve risks and
uncertainties that may cause actual results, events or developments to be
materially different from any future results, events or developments expressed
or implied by such forward-looking statements. Such factors include, but are not
limited to, changing market conditions, the successful and timely completion of
clinical studies, the establishment of corporate alliances, the impact of
competitive products and pricing, new product development, uncertainties related
to the regulatory approval process and other risks detailed from time to time in
the Corporation's ongoing quarterly and annual reporting. We undertake no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Steven Chadwick, President and CEO Coventry Resources
Telephone (W): +61 8 9324 1266
Coventry Resources (TSXV:CYY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Coventry Resources (TSXV:CYY)
Historical Stock Chart
From Oct 2023 to Oct 2024