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Article: Cambior: Sequoia Shareholders Approve Merger.
- Article from:
- Business Wire
- Article date:
- June 28, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONGUEUIL, Quebec -- Cambior Inc. (AMEX:CBJ) (TSX:CBJ) is pleased to announce that the shareholders of Sequoia Minerals Inc. ("Sequoia") approved the merger transaction by a majority vote of 99.6% at their Annual and Special Meeting held today in Quebec City. More than 50% of Sequoia's shareholders exercised their right to vote with regards to the transaction and it is expected that the merger will take effect on July 2, 2004. As a result of this transaction, Sequoia will become a wholly-owned subsidiary of Cambior and, consequently, Cambior will acquire the 50% interest in the Niobec mine currently held by Sequoia and assume operation of the mine. At the close of the ...