Pursuant to the Arrangement, Glencore will acquire the approximately 17.82% of the issued and outstanding common shares of PolyMet that Glencore did not already own (the 'Minority Shares') for
The Arrangement is expected to be completed on or about
PolyMet has applied to have its common shares delisted from the
About PolyMet
PolyMet is a mine development company holding a 50% interest in
Contact:
Tel: +1 (651) 389-4111
Email: brichardson@polymetmining.com
PolyMet Disclosures
This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which include all statements that do not relate solely to historical or current facts, such as statements regarding PolyMet's expectations, intentions or strategies regarding the future, including strategies or plans as they relate to the Arrangement. Forward-looking statements are frequently, but not always, identified by words such as 'expects,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'potential,' 'possible,' 'projects,' 'plans,' and similar expressions, or statements that events, conditions or results 'will,' 'may,' 'could,' or 'should' occur or be achieved or their negatives or other comparable words. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the Arrangement, including the anticipated timing of the completion of the Arrangement, and other statements that are not historical facts. Because such statements are based on expectations as to future results and are not statements of fact, actual results may differ materially from those projected and are subject to a number of known and unknown risks and uncertainties, including: (i) risks relating to the ability of the parties to satisfy, in a timely manner, the conditions to the completion of the Arrangement, and other expectations and assumptions concerning the Arrangement; (ii) risks and uncertainties relating to present and future business strategies and (iii) local and global economic condition risks. The anticipated dates indicated may change for a number of reasons, including the necessity to extend the time limits for satisfying the conditions to the completion of the Arrangement. All such factors are difficult to predict and are beyond PolyMet's control. While the list of risks and uncertainties presented here is, and the discussion of risks and uncertainties presented in the management information circular of the Company dated
The forward-looking statements speak only as of the date they are made. PolyMet undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements.
Specific reference is also made to risk factors and other considerations underlying forward-looking statements discussed in the management information circular of the Company dated
The Annual Report on Form 40-F also contains the Company's mineral resource and other data as required under National Instrument 43-101.
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