Content area
Abstract
This release contains "forward-looking statements" which reflect the current expectations of PowerGen and Sprott Power. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements in this press release include, but are not limited to, statements with respect to the negotiation of the Definitive Agreement, the terms of such Definitive Agreement, the value of the units of the Fund and the shares of Sprott Power, the closing of the transaction and the anticipated benefits from the transaction. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions, including with respect to the anticipated completion of the negotiation of the Definitive Agreement, the value of the units of the Fund and the shares of Sprott Power, the closing of the transaction, the timing and receipt of all applicable regulatory approvals and securityholder consents, the anticipated benefits from the transaction and the satisfaction of other conditions to the completion of the transaction. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those listed under the heading "Risk Factors" in PowerGen's annual information form dated March 31, 2010 as well as that the closing of the transaction could be delayed if the necessary regulatory approvals and shareholder consents are not obtained on the timelines planned or the transaction may not be completed at all if these approvals are not obtained or any other conditions to closing are not satisfied. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what PowerGen and Sprott Power believe to be reasonable assumptions, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and PowerGen and Sprott Power do not assume any obligation to update or revise them to reflect new events or circumstances, except as required by law.