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.
Nevoro Inc. is a TSX-listed exploration and development company focused on the discovery of precious and base metals primarily in the western USA. Nevoro holds the Stillwater nickel-copper-cobalt-PGE-chromite project in Montana with historic copper, nickel, chromite resources (non 43-101 and not to be relied on), the Moonlight copper project in California, and eight gold exploration projects in Nevada.
For more information, please visit the Nevoro Inc. website at www.nevoro.com.
CAUTIONARY STATEMENT: All statements, other than historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of Nevoro, constitute "forward looking statements" within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the date of this news release. Such "forward looking statements", reflects management's current beliefs and are based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "intention" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes but is not limited to economic performance of Nevoro, statements regarding potential mineralization and resource, exploration and future plans and objectives of Nevoro, including exploration and development. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive. In addition, in evaluating this information, investors should specifically consider various factors, including risk factors, which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking information.