TORONTO, ONTARIO, Sep. 17, 2009 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 09/17/09 -- Nevoro Inc. (TSX: NVR) ("Nevoro") announces that RiskMetrics ISS Canada ("RiskMetrics"), Canada's leading independent proxy firm, recommends Nevoro security holders vote FOR the proposed plan of arrangement whereby Starfield Resources Inc. (TSX: SRU) ("Starfield") will acquire all of the outstanding common shares of Nevoro. RiskMetrics also indicates it has no objection to the transaction and there are no governance concerns. Under the transaction, shareholders will receive 0.87 of a common share of Starfield in exchange for each Nevoro common share.
Victor Bradley, Executive Deputy Chairman of Nevoro stated "RiskMetrics' recommendation that Nevoro security holders vote FOR the transaction provides, in our opinion, significant independent validation that the transaction represents the best alternative for maximizing shareholder value."
A special meeting of Nevoro shareholders will be held at 9:00 a.m. (Toronto time) on Tuesday, September 29, 2009 at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street in Toronto, Ontario, Canada, M5L 1B9. Nevoro security holders are encouraged to review the Notice of Special Meeting and Information Circular dated August 28, 2009. The Information Circular provides, among other things, a detailed discussion of the process that led to the proposed transaction and the reasons behind Nevoro's Board of Directors' unanimous recommendation that shareholders vote FOR the transaction. Subject to obtaining court approval and satisfying all other conditions of closing, including obtaining the approval of Nevoro's shareholders, it is anticipated that the transaction will be completed on or about October 5, 2009.
Nevoro's Board urges shareholders to vote their proxy FOR the proposed transaction today by signing, dating and returning their proxies by not later than noon (Toronto time) on September 25, 2009. If shareholders have any questions about the information contained in the Information Circular or require assistance in completing their proxy forms, please contact Nevoro's proxy solicitation agent, The Laurel Hill Advisory Group, toll-free at 1-888-882-6742.
About RiskMetrics Group
RiskMetrics Group is Canada's leading independent proxy advisory firm and the leading authority on proxy voting and corporate governance issues in Canada. RiskMetrics has been providing advisory and voting services to leading pension funds, investment managers, mutual funds and other institutional shareholders since 1987.
About Nevoro
Nevoro Inc. is a TSX-listed exploration and development company focused on the discovery of precious and base metals primarily in the western USA.
