NIFu Noranda Income Fund

Noranda Income Fund Supports Mass Vaccination Efforts in Salaberry-de-Valleyfield Region

Noranda Income Fund Supports Mass Vaccination Efforts in Salaberry-de-Valleyfield Region

TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX:NIF.UN) (the “Fund”) is proud to announce that it has partnered with Glencore Canada, Collège de Valleyfield and the Centre de services scolaire de la Vallée-des-Tisserands to implement and finance a mobile vaccination clinic. This partnership has been formed to support mass vaccination efforts against COVID-19 in the Salaberry-de-Valleyfield, Quebec region where the Fund’s electrolytic zinc processing facility is located. The Fund and its local partners held a virtual press conference earlier today to mark the occasion.

“Since the onset of the pandemic, everyone at the facility has worked tirelessly to ensure the health and safety of our employees, and our people have continued to accomplish remarkable work in challenging circumstances. The opportunity to support mass vaccination efforts is perfectly aligned with our role as a longstanding and engaged member of the local community and I am proud of our team’s leadership in this regard. We also remain committed to maintaining our operational discipline and our strict onsite COVID-19 protocols as vaccination efforts roll out,” said Liana Centomo, Chief Executive Officer of Canadian Electrolytic Zinc Limited (“CEZInc”), the Fund’s Manager.

Once in place, the mobile vaccination clinic will be able to administer nearly 180 vaccine doses daily with vaccination expected to begin in May. The vaccine will be available, free of charge, to all CEZinc employees, their immediate families and the community at large.

Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol “NIF.UN”. Noranda Income Fund owns the electrolytic zinc processing facility and ancillary assets (the “Processing Facility”) located in Salaberry-de-Valleyfield, Quebec. The Processing Facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, where the majority of zinc customers are located. It produces refined zinc metal and various by-products from sourced zinc concentrates. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited, a wholly-owned subsidiary of Glencore Canada Corporation.

Further information about Noranda Income Fund can be found at:

.

For further information, please contact:

Paul Einarson,

Chief Financial Officer of Canadian Electrolytic Zinc Limited, Noranda Income Fund’s Manager

Tel: 514-745-9380

A photo accompanying this announcement is available at



EN
09/04/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Noranda Income Fund

 PRESS RELEASE

Noranda Income Fund Announces Completion of Acquisition by Glencore

Noranda Income Fund Announces Completion of Acquisition by Glencore TORONTO, March 15, 2023 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today announced that the previously announced acquisition by Glencore Canada Corporation (“Glencore”) of all of the issued and outstanding priority units of the Fund for C$1.98 per priority unit by way of a plan of arrangement under the Business Corporations Act (Ontario) and the Trustee Act (Ontario) (the “Arrangement”) was completed. Immediately prior to the Arrangement, Glencore owned 12,500,000 special units of the Fund repre...

 PRESS RELEASE

Le Fonds de revenu Noranda annonce la réalisation de son acquisition p...

Le Fonds de revenu Noranda annonce la réalisation de son acquisition par Glencore TORONTO, 15 mars 2023 (GLOBE NEWSWIRE) -- Le Fonds de revenu Noranda (TSX : NIF.UN) (le « Fonds ») a annoncé aujourd’hui que l’acquisition par Glencore Canada Corporation (« Glencore ») précédemment annoncée de la totalité des parts prioritaires émises et en circulation du Fonds pour 1,98 $ CA par part prioritaire au moyen d’un plan d’arrangement en vertu de la Loi sur les sociétés par actions (Ontario) et la Loi sur les fiduciaires (Ontario) (l’« arrangement ») a été réalisée. Immédiatement avant l’arran...

 PRESS RELEASE

Noranda Income Fund Announces Court Approval of Acquisition by Glencor...

Noranda Income Fund Announces Court Approval of Acquisition by Glencore TORONTO, March 03, 2023 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today announced that the Ontario Superior Court of Justice (Commercial List) granted a final order dated March 2, 2023 approving the previously announced acquisition by Glencore Canada Corporation (“Glencore”) of all of the issued and outstanding priority units of the Fund for $1.98 per priority unit by way of a plan of arrangement under the Business Corporations Act (Ontario) and the Trustee Act (Ontario) (the “Arrangement”). ...

 PRESS RELEASE

Le Fonds de revenu Noranda annonce que la Cour a approuvé son acquisit...

Le Fonds de revenu Noranda annonce que la Cour a approuvé son acquisition par Glencore TORONTO, 03 mars 2023 (GLOBE NEWSWIRE) -- Le Fonds de revenu Noranda (TSX : NIF.UN) (le « Fonds ») a annoncé aujourd’hui que la Cour supérieure de justice de l’Ontario (rôle commercial) a rendu une ordonnance définitive, datée du 2 mars 2023, approuvant l’acquisition par Glencore Canada Corporation (« Glencore ») précédemment annoncée de la totalité des parts prioritaires émises et en circulation du Fonds pour 1,98 $ par part prioritaire au moyen d’un plan d’arrangement en vertu de la Loi sur les sociét...

 PRESS RELEASE

Noranda Income Fund Announces Unitholder Approval of Acquisition by Gl...

Noranda Income Fund Announces Unitholder Approval of Acquisition by Glencore TORONTO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today announced that the Fund’s unitholders have approved the proposed arrangement (the “Arrangement”) pursuant to which all of the Fund's issued and outstanding priority units would be acquired by Glencore Canada Corporation for $1.98 per priority unit in cash. At a special meeting of Fund unitholders held earlier today, the Arrangement was approved by 87.28% of the votes cast by all unitholders and by 80.71% of the votes ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch