Stocks in play: Sherritt International

Plans to issue a notice of application today in the Ontario Superior Court of Justice, Commercial List, under which Sherritt plans to seek (i) a compliance order under the Canada Business Corporations Act permitting the Corporation’s board of directors to continue to act notwithstanding vacancies and with the remaining directors constituting quorum, and (ii) pursuant to Section 133(3) of the CBCA, an order extending the time for Sherritt to call its annual meeting of shareholders to not later than September 30. The application is scheduled to be heard before the Court on May 14. Sherritt International shares T.S are trading down $0.01 at $0.12.