Northair Silver Securityholders Approve Business Combination With Kootenay Silver

http://www.stockhouse.com/news/press-releases/2016/04/14/northair-silver-securityholders-approve-business-combination-with-kootenay

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 14, 2016) – Northair Silver Corp. (TSX VENTURE:INM) (the “Company” or “Northair“) is pleased to announce that securityholders of Northair have approved the previously announced business combination with Kootenay Silver Inc. (TSX VENTURE:KTN) (“Kootenay“), to be completed by way of a plan of arrangement (the “Arrangement“), at a special meeting held earlier today. Under the terms of the Arrangement, Kootenay will acquire all the issued and outstanding common shares of Northair in exchange for 0.35 of a common share of Kootenay, plus 0.15 of a warrant to purchase Kootenay common shares at an exercise price of $0.55 for a period of five years from closing, for each Northair share held.

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