Sentry Select Primary Metals Corp. Announces Strategic Review Process Update
September 30 2009 - 4:37PM
Marketwired
Sentry Select Primary Metals Corp. (the "Corporation") (TSX: PME),
is pleased to provide an update on its review of strategic
alternatives for the Corporation. The Corporation has struck a
special committee comprised of the independent members of the
Corporation's board of directors (the "Special Committee"). To
assist them in completing their review, the Special Committee has
retained independent legal counsel and is in the later stages of
retaining independent financial advisors. The Special Committee's
review process is currently on-going and expected to be completed
in a timely fashion.
Sentry Select Primary Metals Corp.
Sentry Select Primary Metals Corp.'s investment objective is to
provide shareholders with long-term capital appreciation by
investing in an actively managed portfolio consisting primarily of
securities of mining and exploration issuers. Although the
Corporation's initial intended focus was to invest in issuers that
are engaged in the production of and/or exploration for uranium,
nickel and molybdenum, the composition of the actively managed
portfolio may be altered at any time.
Sentry Select Capital Inc.
Sentry Select Capital Inc., the manager of the Corporation, is a
Canadian wealth management company that offers a diverse range of
investment products including closed-end investment funds, mutual
funds, principal-protected notes and flow-through limited
partnerships, covering a variety of domestic and global
mandates.
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and
similar expressions to the extent they relate to the Corporation.
The forward-looking statements are not historical facts but reflect
the Corporation's current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations, including the
timing of the completion of the Special Committee's strategic
review. Although the Corporation believes that the assumptions
inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and, accordingly, readers are cautioned not to place undue reliance
on such statements due to the inherent uncertainty therein. For a
complete disclosure record of the Corporation, please visit the
Corporation's profile at www.sedar.com.
Contacts: Sentry Select Capital Inc. Investor Services
(broker/investor inquiries and media inquiries) 1-800-730-4623
416-364-1197 (FAX) info@sentryselect.com www.sentryselect.com
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