Northair Silver Reminds Shareholders to Vote for the Merger with Kootenay Silver by Deadline of April 12, 2016, 10:00 a.m. (Pacific Daylight Time)
Northair Silver Corp. (TSXV: INM) (the "Company" or "Northair") today reminds its shareholders to 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"), as previously announced in a news release dated March 31, 2016. The filing deadline for submitting proxy forms and voting instruction forms is April 12, 2016 at 10:00 am (Pacific Daylight Time).
Northair's Board of Directors (the "Board") have determined that the Arrangement is in the best interest of shareholders, based on the opinion of its financial advisor Haywood Securities, the recommendations of the special committee of the Board and Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm. As such, the Board reiterates its previous recommendation that shareholders vote in favour of the Arrangement.
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). All shareholders are encouraged to vote.
HOW TO VOTE
In the interest of time, shareholders are encouraged to vote via the internet, by telephone or fax.
Registered shareholders (shareholders who hold Northair shares in their name and represented by a physical certificate or through the Direct Registration System) 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
Shareholders who have questions or require assistance with voting may contact Northair's Proxy Solicitation Agent:
Laurel Hill Advisory Group
Toll free at 1-877-452-7184
International +1 416-304-0211 outside Canada and the US
By email at: firstname.lastname@example.org
Mr. David Ernst, a professional geologist and VP Exploration of Northair is a Qualified Person as defined by NI 43-101. Mr. Ernst has reviewed the technical information in this news release and approves the disclosure herein.
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 25 kilometres 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.