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BRIEF-IC Potash Corp shareholders approve settlement

Published 2017-10-13, 07:33 a/m
© Reuters.  BRIEF-IC Potash Corp shareholders approve settlement
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Oct 13 (Reuters) - IC Potash Corp ICP.TO

* IC Potash Corp shareholders approve settlement

* IC Potash Corp - company anticipates closing by October 16, 2017

* IC Potash Corp - approved special resolution authorizing transfer all of issued and outstanding shares of Intercontinental Potash back to ICP(USA)

* IC Potash Corp - authorizing transfer all of issued and outstanding common shares in return for up to US$15 million

* IC Potash Corp - settlement resolution was approved by 99.54 pct of 119.9 million votes cast by company voting shareholders

* IC Potash Corp - company voting shareholders also approved resolutions to re-approve stock option plan of company

* IC Potash Corp - company has confirmed that no shareholders exercised dissent rights in connection with settlement resolution

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