Sherritt Publishes Cobalt Reference Price and Warrant Conversion Ratio for October 2019

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=” bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwpadl0″ colspan=” 1″ rowspan=” 1 “readability=” 5 “> Applicable Reference Cobalt Price< td class =" bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwpadl0 "colspan= "1" rowspan =" 1 "readability=" 5" > Applicable Common Shares per Warrant Ratio September 30, 2019. US$ 15.20.< td class= "bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc" colspan= "1" rowspan=" 1 "> 1.00. Constant with the regards to the Warrant Indenture dated since January 25, 2018 and offered on SEDAR, Sherritt will determine and publish the Applicable Reference Cobalt Pricebased upon the simple average of the midpoint of the Fastmarkets MB (formerly referred to as Metal Bulletin) High Price and the Fastmarkets MB Low Price 1, expressed in United States dollars per pound, for the 3 consecutive full calendar months right away preceding each month-to-month Conversion Ratio Reset Date. The Applicable Common Shares per Warrant Ratio disclosed here will apply on any warrant Exercise Date from, and including, October 8, 2019 through November 7, 2019.

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< div itemprop=" articleBody" readability=" 69.601576182137" > TORONTO– (< period itemprop=" provider publisher copyrightHolder" itemscope=" itemscope" itemtype=" https://schema.org/Organization" itemid=" https://www.businesswire.com" >< a referrerpolicy=" unsafe-url" rel=" nofollow" itemprop=" url" href=" https://www.businesswire.com/" > BUSINESS WIRE)– Sherritt International Corporation (” Sherritt”) (TSX: S), a world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended September 30, 2019

The next Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month duration ended October 31, 2019 will be announced on November 7, 2019.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with tasks and operations in Canada, Cuba and Madagascar. The Corporation is the largest independent energy manufacturer in Cuba, with substantial oil and power operations across the island. Sherritt certifies its proprietary innovations and supplies metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.


1 The “Fastmarkets MB High Price” indicates the Fastmarkets Cobalt basic grade MB free enterprise US$/ pound in warehouse regular monthly typical high; and the “Fastmarkets MB Low Price” suggests the Fastmarkets Cobalt basic grade MB free enterprise US$/ pound in warehouse regular monthly typical low. Metal Bulletin was rebranded as Fastmarkets MB on October 1, 2018 and altered the names of its benchmark in-warehouse Rotterdam cobalt rate assessments on January 2, 2019. Hidden prices data stays the same.

September 30, 2019. US$ 15.20.< td class= "bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc" colspan= "1" rowspan=" 1 "> 1.00. Metal Bulletin was rebranded as Fastmarkets MB on October 1, 2018 and changed the names of its benchmark in-warehouse Rotterdam cobalt price evaluations on January 2, 2019.

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