Etruscan - Special Meeting of Shareholders scheduled for Oct. 22'09

A note is posted on Sedar, under Etruscan. It was posted on Sept. 15'09 - same day as Century's financing announcement. It doesn't provide details, but states that the meeting to be conducted is categorized as "Special".

Century needs Etruscan's shareholders to waive the application of Etruscan's shareholder rights plan in order for Century to purchase the US$3 million promissory note of Etruscan (convertible under certain circumstances into common shares of Etruscan). Of course, this is completely independent of Century's financing efforts and Century's purchase of the 26.3M Etruscan outstanding shares. This does not impact the deal one way or the other.

It doesn't say what items Etruscan will be discussing at the Special Meeting, but hopefully Century's item will make it onto the agenda.

This was from Century's NR on Sept. 15'09:

"Etruscan Transaction"

"Concurrently with the closing of the Private Placement, Century will acquire from Kirkland all of the outstanding shares of 2190776 Ontario Inc. ("219") whose sole assets are 26,315,789 common shares and 6,890,741 share purchase warrants of Etruscan, in exchange for 44,000,000 common shares of Century. As a result, Century will hold 19.9% of Etruscan assuming exercise of these warrants. In addition, following approval by Etruscan shareholders of the waiver of the application of Etruscan's shareholder rights plan, Century will acquire from Kirkland a US$3 million promissory note of Etruscan, convertible under certain circumstances into common shares of Etruscan, together with certain share purchase warrants of Etruscan in exchange for 16,843,850 common shares of Century (collectively, the "Etruscan Transaction")."