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Upon their appointment, the new board of Inmet/Zemex Canada will consider the immediate merger of Zemex Corporation with the recapitalized Zemex Canada Corporation on a one-for-one basis.
The requisition seeks a meeting to consider the removal of the existing board of directors of Inmet and the appointment of a new board of Zemex nominees, a change of name of Inmet to Zemex Canada Corporation, the authorization of a capital reduction and a consolidation of Inmet shares.