Baltic Announces Special Meeting of Shareholders to Approve Merger
November 30 2007 - 9:56AM
Marketwired
TORONTO, ONTARIO announces that further to the joint news
release with PhosCan Chemical Corp. (TSX VENTURE: FOS) dated
October 29, 2007 a special meeting of shareholders will be held on
January 14, 2008. The purpose of the meeting is to approve the
merger between Baltic and PhosCan to combine their interests in the
Martison Phosphate Project, in which they each currently hold an
equal joint-venture interest. The record date for shareholders
entitled to vote at the special meeting is December 14, 2007.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements with
respect to the merger transaction, transactions related to the
merger transaction, and matters concerning the business,
operations, strategy, and financial performance of Phoscan and
Baltic. These statements generally can be identified by use of
forward-looking words such as "may", "will", "expect", "estimate",
"anticipate", "intends", "believe" or "continue" or the negative
thereof or similar variations. Such forward-looking statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations, including that the transaction
contemplated herein is completed. Forward-looking statements are
based on a number of assumptions which may prove to be incorrect,
including, but not limited to, the ability of PhosCan and Baltic to
obtain TSXV approval for the merger transaction and related
transactions. Unless otherwise stated, all forward looking
statements speak only as of the date of this press release and
neither PhosCan or Baltic undertakes any obligation to update such
statements except as required by law.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
Contacts: Baltic Resources Inc. Don McKinnon President, CEO
(705) 268-9000 (705) 268-5532 (FAX) Baltic Resources Inc. Gordon
McKinnon Manager Corporate Development (705) 268-9000 Email:
gmckinnon@balticresources.ca Website: www.balticresources.ca
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