As part of the settlement, Timmins will nominate eight directors at the Meeting instead of seven as previously announced. The nominees who will stand for election at the Meeting are
"Sentry's action to accelerate Board renewal has resulted in a Board slate with deep industry expertise and greater independence," said
Sentry also thanks the six mining industry veterans who assisted in this process for their valuable contribution to a successful outcome. "
Sentry believes this outcome is in the best interests of Timmins' shareholders, including our investment funds, and we look forward to having the eight nominees work closely together and with Timmins' management team to create value for all shareholders.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent that they relate to Timmins. Forward-looking statements in this news release include, but are not limited to, the date of the Meeting. The forward-looking statements are not historical facts but reflect Sentry's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Sentry believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry does not undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
Sentry Investments Inc. Commerce Court West 199 Bay Street, Suite 4100 P.O. Box 108 Toronto, ONM5L 1E2 Tel: 416-364-9297 Fax: 416-364-1197 FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations (broker/investor inquiries) 1-888-730-4623 416-364-1197 (FAX) firstname.lastname@example.org Source: Sentry Investments Inc.