LWI Shareholders Approve Sale, Liquidation
TORONTO - Nov 9/15 - SNS -- Legumex Walker Inc. said a two thirds majority of shareholders have voted in favor of the sale of substantially all of the assets of the Company's Special Crops Division to The Scoular Company ("the Sale Transaction").
Shareholders also approved the voluntary liquidation and dissolution of the Company according to the Canada Business Corporations Act.
The total number of shares voted by way of ballot at the Meeting by proxy or in person was 12,394,245 or 76.06% of the total issued and outstanding shares of the Company.
In addition to approval by shareholders, all necessary regulatory approvals have been obtained and it is expected that the Sale Transaction will be completed by November 30, 2015, provided that all third party approvals and other closing conditions are satisfied or waived by that date.
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