Leading Proxy Advisory Firm Recommends Northair's Shareholders Vote For The Proposed Business Combination With Kootenay Silver
Northair Silver Corp. (TSXV: INM) (the "Company" or "Northair") is pleased to announce that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, have recommended that shareholders vote FOR the special resolution to approve the proposed plan of arrangement (the "Arrangement") with respect to the Northair business combination with Kootenay Silver Inc. (TSXV: KTN) ("Kootenay").
"We are very pleased to have the support of an independent proxy advisory firm such as ISS for the combination of Northair and Kootenay," said Andrea Zaradic, CEO & President of Northair. "The merger will create a leading Mexican silver exploration and development company and consolidator with a portfolio of assets headlined by Kootenay's Promontorio and La Negra projects and Northair's La Cigarra project."
This is an important endorsement from an independent third party whose recommendations are intended to assist shareholders in making proxy voting decisions. ISS has conducted a careful review of Northair's disclosure materials before making their recommendations.
ISS is an independent proxy advisory firm who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.
Shareholders are reminded that the deadline for voting is 10:00 AM (Pacific Daylight Time) on April 12, 2016.
YOUR VOTE IS IMPORTANT. VOTE TODAY.
HOW TO VOTE
In the interest of time, shareholders are encouraged to vote via the internet, by telephone or fax.
Registered shareholders may vote as follows:
- Internet: Vote online at www.investorvote.com, using the control number located on your proxy (which you will receive in the mail or via email)
- Telephone: Call 1-866-732-VOTE (8683) toll free
- Facsimile: 1-866-249-7775 (toll free in Canada and US)
- By mail
- In person at the meeting
Beneficial shareholders (shareholders who hold Northair shares through a bank, broker or other intermediary) will have different voting instructions provided to them and should follow the instructions found on their voting instruction form to vote online, by telephone or fax.
NORTHAIR SPECIAL MEETING
The Northair special meeting of shareholders is scheduled to be held at Suite 950 -- 609 Granville Street, Vancouver, British Columbia, on April 14, 2016 at 10:00 AM (Pacific Daylight Time).
Your vote is important regardless of the number of securities you own. Northair encourages shareholders to read the meeting materials in detail. A copy of the Circular is available on Northair's website athttp://www.kootenaysilver.com/i/pdf/northair/NorthairInfoCircular.html and is also available under Northair's profile on SEDAR at www.sedar.com
Shareholders who have questions regarding the Arrangement or require assistance with voting may contact the Proxy Solicitation Agent below:
Laurel Hill Advisory Group
Toll free at 1-877-452-7184
International +1 416-304-0211 outside Canada and the US
By email at: email@example.com
About Northair Silver Corp.
Northair is focused on advancing its flagship La Cigarra silver project located in the state of Chihuahua, Mexico, 26 kilometres from the historic silver mining city of Parral. The property boasts nearby power, good road access, gentle topography, established infrastructure and currently hosts a NI 43-101 Resource estimate of 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometres and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25km north, and along strike of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine.
ON BEHALF OF THE BOARD,
NORTHAIR SILVER CORP.
Andrea Zaradic, P. Eng.
President & CEO
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 news release.
Caution Concerning Forward-Looking Statements
This news release may contain forward looking statements which are statements that are not statements of historical fact, such as statements regarding the mineral resource estimates, results of the sensitivity analysis, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, mineral reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See Northair's filings for a more detailed discussion of factors that may impact expected results.
Cautionary Note Concerning Estimates of Measured, Indicated and Inferred Mineral Resources
This news release uses the terms "Measured and Indicated Resources" and "Inferred Resources", which have a great amount of uncertainty as to their existence, and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of a Measured and Indicated and/or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. Northair advises U.S. investors that while this term is recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize it. U.S. investors are cautioned not to assume that part or all of a Measured, Indicated and Inferred resource exists, or is economically or legally minable.