SRHI Inc. is pleased to announce that creditors for Minera Tres Valles SpA, the Company’s 70% owned producing copper mine in Salamanca, Chile, have approved a Judicial Reorganization Agreement in Chile with support from 100% of the Lenders and 93% of the unsecured creditors. “Through our restructuring efforts, MTV now has the ability to execute on the construction and expansion of its mining operations including the [...]
SRHI Inc. provides the following update of the ongoing creditor protection process and proposed restructuring plan for Minera Tres Valles SpA , the Company’s 70% owned producing copper mine in Salamanca, Chile. In May 2020, MTV filed a Judicial Restructuring Procedure in Chile providing MTV protection from creditors to give itself sufficient time to complete its refinancing efforts to allow for the completion of the [...]
SRHI Inc. today announced that it has granted, effective August 12, 2020, an aggregate of 2,400,000 stock options to directors and an officer of the Company in accordance with the Company's current stock option plan. Each Option is exercisable into one common share of the Company at a price equal to the five day volume weighted average trading price of SRHI on the Toronto Stock Exchange from the date of grant, being [...]
SRHI Inc. today announced its operating and financial results for the three and six months ended June 30, 2020. The Company's principal operating business is its 70% equity interest in the producing copper mine Minera Tres Valles in Salamanca, Chile. The Company's financial statements and management's discussion and analysis are available at www.srhi.ca and www.sedar.com. "This past quarter was a challenging time for the [...]
SRHI Inc. today announces the increase of the size of its board of directors from five to six members and the appointment of Michael Staresinic to the board of directors, effective immediately. Michael Staresinic also serves as SRHI’s President and Chief Financial Officer. Mr. Staresinic has 20 years of experience in financial services and mining and previously served as the Chief Financial Officer of the Company since [...]
SRHI Inc. announces that it has completed a vertical short-form amalgamation with its wholly-owned subsidiary, Sprott Resource Coal Holdings Corp., under section 184 of the Canada Business Corporations Act on June 23, 2020. The amalgamation was approved by the board of directors of each of the amalgamating companies. As part of the amalgamation, and as contemplated in the Company’s news release of May 13, 2020, the name [...]
Sprott Resource Holdings Inc. reported the results of its Annual Meeting of the Corporation's shareholders held earlier today via live video conference. SRHI is pleased to announce that all matters disclosed in the Management Information Circular dated May 12, 2020 were approved by the Shareholders. At the Meeting, each of the following five proposed nominees was elected as a director of SRHI: Nominee Votes For % For [...]
Sprott Resource Holdings Inc. today announces certain corporate governance clarifications on account of the review performed by Institutional Shareholder Services of the matters to be voted on at the upcoming annual and special meeting of shareholders of SRHI to be held on June 23, 2020. The management information circular dated May 12, 2020 pertaining to this Meeting was mailed to shareholders of record on May 25, 2020 [...]
- Sprott Resource Holdings Inc. today announced its operating and financial results for the three months ended March 31, 2020. The Company's principal operating business is its 70% equity interest in the producing copper mine Minera Tres Valles in Salamanca, Chile. The Company's financial statements and management's discussion and analysis are available at www.sprottresource.com and www.sedar.com. "COVID-19 and other [...]
Sprott Resource Holdings Inc. today announced that, as a result of the logistics and delays caused by the COVID-19 pandemic, the Company will be relying on the general order of the Ontario Securities Commission made under Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements , dated March 23, 2020, to postpone the filing of its interim financial statements and accompanying management’s [...]
Sprott Resource Holdings Inc. announces that the Toronto Stock Exchange has notified the Company that it is reviewing the eligibility of the Company’s securities for continued listing on the TSX pursuant to the requirements of the TSX Company Manual . The Company is being reviewed under the TSX’s remedial review process and has been granted 120 days to comply with all requirements for continued listing. If the Company [...]
Sprott Resource Holdings Inc. today announced that it has agreed to end its management services relationship with Sprott Consulting Limited Partnership , a wholly-owned entity of Sprott Inc. and transition to establish an independent management team. The Company has entered into a Transitional Support Agreement dated May 12, 2020 with SCLP pursuant to which the Management Services Agreement between the Company and SCLP [...]
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