SOURCE: Sherritt International Corporation

Sherritt International Corporation

March 10, 2017 12:56 ET

Sherritt Provides an Update on Ambatovy Joint Venture Waiver Extension

TORONTO, ON--(Marketwired - March 10, 2017) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ("Sherritt") (TSX: S) today announces an extension to the waiver preventing Sherritt from becoming a defaulting shareholder for non-funding under the terms of the Shareholders Agreement between Sherritt and its Ambatovy Joint Venture partners, Sumitomo Corporation and Korea Resources Corporation. By agreement amongst the partners, the waiver has been extended to expire at the close of business on May 2, 2017.

About Sherritt

Sherritt, which is celebrating its 90th anniversary in 2017, is the world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol "S".

Source: Sherritt Investor Relations

Contact Information

  • For further information, please contact:

    Investor Relations
    Flora Wood, Director Investor Relations
    Telephone: 416-935-2451
    Toll-Free: 1-800-704-6698
    Email: investor@sherritt.com
    www.sherritt.com