Proxies Indicate MSVS Shareholders Support Key Merger Points
Micron Enviro Systems, Inc. (PINKSHEETS:MSVS), an emerging mining company, announced that shareholder sentiment regarding the company’s merger with Britannia Mining Plc, a UK based mining development company [recently merged with MSVS — pending shareholder ratification], appears to be extremely positive according to preliminary tabulation results from Broadbridge.
“Feedback from the proxies seems to indicate that the public is largely comfortable with our merger plans,” stated Kenneth Roberts, newly appointed CEO of Micron Enviro Systems. “This is not to say that all aspects of the plan are completely amenable to every investor. However we firmly believe that Micron shareholders, through their own due diligence, have come to determine that Britannia’s management means to be successful. And with that, will always look to protect the interest of all shareholders.”
Considerable resources have gone into ensuring that the merger was properly organized, including the appointment of Broadridge to manage logistics of the voting process (mailers, proxy, tabulation, etc.). Management “felt compelled,” Roberts mentioned, to afford every shareholder the ability to exercise their rights as a Micron investor to make their voices heard and protect their investments. To that, it appears that many MSVS investors – for the most part – are saying ‘Yes’ to the overall plan of the Micron Britannia merger.
The plan of merger provides for the ability to amend and change the company’s Articles of Incorporation where it concerns: (a) Company name, (b) A reasonable capital restructuring, (c) Post-Split issuance to Britannia Mining, and, (d) A substantial decrease in the authorized stock.
One item of note is that in the restructuring process, the company has instituted a “Round-Up” program. This strategy helps to assure that no shareholder is phased out of their holdings. Roberts said, “We intend to build value, not take it away”..
The shareholders of Micron will be meeting on January 31 at the offices of Sichenzia Ross Friedman Ference LLP, located at 61 Broadway, 32nd Floor, New York, NY 10006, at 10:00 a.m., to finalize the vote on Micron and Britannia’s merger.
Roberts concluded, “We look forward to meeting with all attending shareholders and look forward to receiving the ‘vote of confidence’ which will allow the new Micron team to get to work on building a better company.”
- 30 Jan, 2013
- 0 Comments