Sherritt International Corp. announced today that, in order to provide holders of the Corporation’s outstanding 8.00% senior unsecured debentures due 2021, 7.50% senior unsecured debentures due 2023, and 7.875% senior unsecured notes due 2025 with additional time to become entitled to receive early consent cash consideration as additional consideration for the exchange of their Existing Notes pursuant to Sherritt’s [...]
Sherritt International Corp. announced today that, in connection with its previously announced transaction to be implemented pursuant to a corporate plan of arrangement under the Canada Business Corporations Act , in order to provide holders of the Corporation?s outstanding 8.00% senior unsecured debentures due 2021, 7.50% senior unsecured debentures due 2023, and 7.875% senior unsecured notes due 2025 with the [...]
Sherritt International Corp. announced today that in connection with the Corporation’s proposed transaction announced on February 26, 2020 to be implemented pursuant to a corporate plan of arrangement under the Canada Business Corporations Act it will now hold the meeting of debtholders and the meeting of shareholders in connection with the Transaction in a virtual only format whereby such parties may attend and [...]
The Ad Hoc Committee of Senior Unsecured Debentureholders of Sherritt International Corp. , which holds in aggregate over CAD$215 million of the 8.00% Senior Unsecured Debentures of the Company due November 15, 2021, the 7.50% Senior Unsecured Debentures of the Company due September 24, 2023 and the 7.875% Senior Unsecured Notes of the Company due October 11, 2025 , intends to vote against the Company's arrangement sought [...]
Sherritt International Corp. , a world leader in the mining and refining of nickel and cobalt from lateritic ores, reminds holders of the Corporation’s outstanding 8.00% senior unsecured debentures due 2021, 7.50% senior unsecured debentures due 2023, and 7.875% senior unsecured notes due 2025 of the previously announced early consent date of March 27, 2020, in connection with the Corporation’s proposed [...]
Sherritt International Corp. , a world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended February 29, 2020. Reference Date Applicable Reference Cobalt Price Applicable Common Shares per Warrant Ratio February 29, 2020 US$16.30 1.00 Consistent with the terms of the [...]
Sherritt International Corp. , a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, today reported its financial results for the three- and 12-month periods ended December 31, 2019. All amounts are in Canadian currency unless otherwise noted. CEO COMMENTARY “Sherritt ended 2019 meeting or exceeding our production guidance for operations in Cuba despite a number of [...]
Sherritt International Corp. , a world leader in the mining and refining of nickel and cobalt from lateritic ores, announced today a proposed transaction designed to improve the Corporation’s capital structure and strengthen its overall financial position. The Transaction, described in further detail below, would reduce Sherritt’s total outstanding principal debt obligations by approximately $414 million and [...]
Sherritt International Corp. will release its fourth quarter and fiscal year 2019 financial results on February 26, 2020. Senior management will host a conference call and webcast to review the Corporation’s financial and operational performance on the same day, February 26, 2020, at 2:00 pm ET. Dial-in and Webcast Details: North America dial-in number: 1 521-4909 International dial-in number: 427-2311 Webcast and [...]
Sherritt International Corp. , a world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended January 31, 2020. Reference Date Applicable Reference Cobalt Price Applicable Common Shares per Warrant Ratio January 31, 2020 US$16.30 1.00 Consistent with the terms of the [...]
Sherritt International Corp. today announced production results for the fourth quarter and full-year ended December 31, 2019, provided guidance for its expected production, unit costs and capital spending in 2020, and provided an update on drilling activities on Block 10. Highlights Sherritt’s operations in Cuba met or exceeded production guidance for 2019 for finished nickel, finished cobalt, oil and power [...]
Sherritt International Corp. , a world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended December 31, 2019. Reference Date Applicable Reference Cobalt Price Applicable Common Shares per Warrant Ratio December 31, 2019 US$16.86 1.00 Consistent with the terms of the [...]
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