Western Resources Corp. Announces Closing of Conversion of Shares Held by Vantage Chance Limited
Western Resources Corp. Announces Closing of Conversion of Shares Held by Vantage Chance Limited
VANCOUVER, British Columbia, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Western Resources Corp. (the "Company") (TSX: WRX) is pleased to announce today that it has closed the previously announced conversion of common shares held by Vantage Chance Limited ("Vantage") in Western Potash Holdings Corp., a subsidiary of the Company, which were exchanged for common shares of the Company ("WRX Shares"), following receipt of conditional approval from the TSX and the written consent by its majority shareholder, Tairui Mining Inc. ("Tairui"), which owns 105,854,938 WRX Shares, representing approximately 56.08% of the total issued and outstanding WRX Shares pre-conversion.
英屬哥倫比亞省溫哥華市，2022 年 9 月 29 日（GLOBE NEWSWIRE）-西部資源股份有限公司（「本公司」）（TSX 代號：WRX）欣然宣佈，該公司早前宣布轉換由華帝有限公司（「華帝」）持有的普通股，該公司為 WTX 的附屬公司 Wrantash 控股股份有限公司（「Vantage」）持有的普通股。收到 TSX 的有條件批准及其主要股東太瑞礦業股份有限公司（「台瑞」）的書面同意，該公司擁有 105,854,938 股 WRX 股份，佔已發行及已發行 WRX 股份預轉換總數約 56.08%。
Vantage has now obtained ownership and control over 219,726,258 WRX Shares, representing 53.79% of the total issued and outstanding WRX Shares calculated on a post-transaction, non-diluted basis. Tairui's shareholding in the Company has been diluted to approximately 25.91% post-conversion.
華帝現已獲得 219,726,258 股 WRX 股份的擁有權和控制權，佔 WRX 股份總數的 53.79%，按交易後非稀釋基礎計算的 WRX 股份。太銳於本公司之股權轉換後已攤薄至約 25.91%。
The board of directors of the Company also passed a written resolution appointing Mr. Justin Xing, director of Vantage, to the board of the Company, filling a vacancy of the board.
本公司董事會亦通過一項書面決議，委任 Vantage 董事邢先生為本公司董事會，填補董事會的空缺。
Western Resources Corp. Chairman and CEO, Mr. Bill Xue said, "Today's closing of the Conversion represents another important milestone for the Company. We welcome Vantage becoming the Company's new majority shareholder. On behalf of the board, I welcome Mr. Justin Xing to join the Company board. I am confident that the Company will advance into greater success from this new point."
西部資源股份有限公司董事長兼首席執行官薛偉文先生表示：「今天的轉型結束，是公司又一個重要的里程碑。我們歡迎 Vantage 成為公司新的主要股東。我謹代表董事會歡迎行先生加入公司董事會。我相信，公司將從這個新的角度取得更大的成功。」
ON BEHALF OF THE BOARD OF DIRECTORS
代表董事會
Bill Xue
Chairman and CEO
薛比尔
主席兼行政總裁
Cautions Regarding Forward-Looking Statements
有關前瞻性陳述的注意事項
Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws.
本新聞稿中包含的某些聲明構成了適用加拿大證券法所指的前瞻性信息。前瞻性陳述是不是歷史事實的陳述，通常但並非總是通過諸如「預期」，「繼續」，「估計」，「期望」，「預期」，「意圖」，「可能」，「意志」，「項目」，「計劃」，「應該」，「相信」和類似的表達式（包括負面變化），「將」，「事件」或「條件」可能」，「可能」或「應該」發生。前瞻性陳述乃根據管理層於作出該等陳述當日的意見及估計，並受已知及未知的風險、不確定性及其他因素所影響，可能導致本公司實際業績與前瞻性陳述或前瞻性資料所明示或暗示的結果有重大不同。儘管公司的管理層已嘗試找出可能導致實際結果與前瞻性信息中包含的重要因素有很大差異，但可能還有其他因素導致結果不符合預期，估計或預期的結果。不能保證這些陳述將被證明是準確的，因為實際結果和未來事件可能與此類聲明中預期的事件有很大不同。因此，讀者不應過度依賴前瞻性的信息。本公司不承諾更新此處列出的任何前瞻性信息，除非根據適用的證券法律。
For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378.
如需更多有關本新聞稿內容的資訊，請致電 306-924-9378 與公司秘書郭志明聯絡。
譯文內容由第三人軟體翻譯。