|By Marketwired .||
|March 28, 2014 06:11 PM EDT||
CARPINTERIA, CALIFORNIA -- (Marketwired) -- 03/28/14 -- NiMin Energy Corp. (TSX VENTURE:NNN.H) (the "Company" or "NiMin") announced today that its board of directors has declared a final distribution to shareholders of US$0.07 per common share ("Common Share") of the Company in connection with the voluntary liquidation and dissolution of NiMin. The distribution will be made as a return of capital to shareholders of record on April 11, 2014. The distribution will be payable on April 28, 2014.
This distribution represents the final distribution to shareholders of the proceeds from the sale of all or substantially all of the Company's assets ("Sale of Assets") as previously announced less obligations, liabilities and contingency reserves. Shareholders approved the Sale of Assets and the voluntary liquidation and dissolution of the Company and the distribution of the remaining assets of the Company at the annual and special meeting of shareholders held on June 26, 2012.
In connection with the final distribution, the Company anticipates trading of the Common Shares on the NEX to be halted at the opening on April 9, 2014 until delisting from the NEX occurs immediately following the payable date.
Once the Company completes the final distribution to its shareholders, the Company intends to make an application to the Registrar of Corporations (Alberta) for a Certificate of Dissolution.
About NiMin Energy
NiMin is an Alberta corporation currently in the liquidation and dissolution process. Further information regarding the liquidation and dissolution of the Company will be made when available.
This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws including statements regarding the timing of the Company's final distribution to shareholders, and the ability of the Company to obtain governmental certificates. Although NiMin believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based upon currently available information to NiMin. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in forward-looking statements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in more detail in NiMin's Annual Report on Form 10-K and other documents available at www.sedar.com and www.sec.gov. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release, and, except as required by applicable law, NiMin does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. NiMin undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of NiMin or the transactions discussed herein.
NiMin Energy Corp.
Jonathan Wimbish, CFA
Chief Financial Officer
+1 (805) 566-2900
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal S...
May. 24, 2015 11:30 AM EDT Reads: 3,698
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
May. 24, 2015 11:30 AM EDT Reads: 2,669
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cloud Database, which includes its own RESTful API. Trove was originally developed around MySQL, whose interfaces are significantly less complicated than those of the Postgres cloud database. In his session at 16th Cloud...
May. 24, 2015 11:30 AM EDT Reads: 881
May. 24, 2015 11:00 AM EDT Reads: 1,380
May. 24, 2015 11:00 AM EDT Reads: 6,508
May. 24, 2015 10:45 AM EDT Reads: 1,144
May. 24, 2015 10:30 AM EDT Reads: 4,081
May. 24, 2015 10:30 AM EDT Reads: 2,738
May. 24, 2015 10:30 AM EDT Reads: 5,078
May. 24, 2015 10:00 AM EDT Reads: 1,794
May. 24, 2015 10:00 AM EDT Reads: 1,670
May. 24, 2015 09:30 AM EDT Reads: 3,427
May. 24, 2015 09:30 AM EDT Reads: 4,515
May. 24, 2015 09:30 AM EDT Reads: 6,404
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
May. 24, 2015 09:00 AM EDT Reads: 5,997