GrowMax Resources files management information circular regarding PrimaSea Holdings Ltd. acquisition
Published by Robyn Wainwright,
Assistant Editor
World Fertilizer,
GrowMax Resources Corp. filed its management information circular in preparation for its annual and special meeting of Shareholders.
At the Meeting, shareholders will be asked to consider and approve a number of items of business including the previously announced (August 28, 2018) proposed acquisition of PrimaSea Holdings Ltd., which, through its wholly-owned subsidiary (Fertimar Mineracao e Navegacao Ltda.), is an established producer of lithothamnion-based animal feed and plant fertilizer products in Brazil.
Pursuant to the transaction, the company will acquire all the issued and outstanding shares of PrimaSea in exchange for 50% of the common shares of GrowMax Resources, representing an approximate 30% premium over GrowMax’s 60-day volume weighted average price. This proposed acquisition has been unanimously approved by GrowMax’s Board of Directors and already has the support of the holders of over 32% of GrowMax shares.
Read the article online at: https://www.worldfertilizer.com/special-reports/30082018/growmax-resources-files-management-information-circular-regarding-primasea-holdings-ltd-acquisition/
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