Shareholder and Regulatory Approval Reached for CERF-Winalta Merger

CERF Inc. and Winalta have announced that shareholders of both companies approved CERF’s acquisition of Winalta at special meetings. Winalta shareholders approved the arrangement by 99.95 percent of the votes, and CERF shareholders by 99.87 percent. Shareholders also approved the election of seven directors of CERF, including current CERF directors Wayne Wadley, Ken Stephens, William Guinan and David Maplethorpe, and three Winalta nominees J. Blair Goertzen, Bradley Munro and Alfred Sailer.

The transaction also received the approval of the Court of Queen’s Bench of Alberta. The official closing is anticipated for Aug. 27.