Ninepoint Energy Income Fund press release
Gemini and NRG Shareholders Approve Arrangement
TSX - Toronto Stock Exchange ยท Canada
VANCOUVER, Oct. 2 /CNW/ - Gemini Energy Corp. (TSX:GNI) ("Gemini") and NRG Investments Inc. (CNQ:NRGI) ("NRG") announce that they each held a meeting of shareholders today to consider certain resolutions relative to the arrangement between the parties announced in news releases of May 22 and September 4, 2007. At the meetings, the arrangement was approved by the shareholders of both companies, in accordance with the requirements of the Business Corporations Act (British Columbia) and applicable securities regulatory policy. A hearing before the Supreme Court of British Columbia, at which Gemini will seek final Court approval of the arrangement, has been scheduled for October 18, 2007.
Gemini and NRG also announce that they have entered into an agreement to extend the deadline for Gemini shareholders to deposit Transmittal Letters and Elections Forms with Computershare Investor Services Inc., the Depositary under the arrangement, in order to elect to receive cash or NRG shares in exchange for their Gemini shares, in accordance with the terms of the arrangement. The new deadline is 3:00 p.m. (Vancouver time) on October 17, 2007.