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Aston Hill Asset Management Inc. announces proposed reorganization and merger of Aston Hill Global Agribusiness Fund, Aston Hill


Aston Hill Asset Management Inc. announces proposed reorganization and merger of Aston Hill Global Agribusiness Fund, Aston Hill Senior Gold Producers Income Corp. and Aston Hill Global Uranium Fund Inc.

TORONTO, Jan. 22, 2013 /CNW/ - Aston Hill Asset Management Inc. (the "Manager"), the manager of Aston Hill Global Agribusiness Fund ("Global Agribusiness", TSX: AGB.UN), Aston Hill Senior Gold Producers Income Corp. ("Senior Gold Producers", TSX: GPC) and Aston Hill Global Uranium Fund Inc. ("Global Uranium", TSX: GUR and, together with Global Agribusiness and Senior Gold Producers, the "Funds"), announced today that it will propose to securityholders that (a) Global Agribusiness change its investment mandate and be reorganized into a public mutual fund and (b) Senior Gold Producers and Global Uranium be merged into Global Agribusiness if its reorganization is approved.

Following the reorganization, Global Agribusiness would change its name to "Aston Hill Global Resource and Infrastructure Fund" and its new investment objective would be to provide exposure to resource companies including related infrastructure companies by investing primarily in equity and fixed income securities (including high yield debt securities) of such companies located anywhere in the world.

The Manager expects that the benefits for existing securityholders from the proposed transactions will include:


    --  an attractive new investment mandate
    --  daily liquidity at net asset value per security
    --  no increase in management fees despite a broader investment
        mandate
    --  the ability to switch to other Aston Hill Mutual Funds.

Special meetings of the securityholders of each Fund will be held on or about 
March 8, 2013 to approve the reorganization and mergers which, if approved, 
will be implemented on or about March 21, 2013 following a delisting of each 
Fund's securities from the Toronto Stock Exchange.  The reorganization of 
Global Agribusiness, if approved, will be implemented regardless of whether 
either or both proposed mergers are approved.  Each proposed merger that is 
approved will be implemented, regardless of whether the other proposed merger 
is approved, as long as the reorganization of Global Agribusiness also is 
approved.

Additional information concerning the proposed transactions will be contained 
in the materials provided to securityholders in connection with the special 
meetings and will be available in due course on www.sedar.com and at 
www.astonhill.ca.

About Aston Hill

The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: 
AHF).  Aston Hill Financial Inc. is a diversified asset management company 
with a suite of retail mutual funds, closed end funds, private equity funds, 
hedge funds and segregated institutional funds.  Aston Hill Financial is also 
engaged in the administration of Argent Energy Trust (TSX: AET.UN).  Aston 
Hill Financial has offices in Calgary, Toronto and Halifax.

Michael J. Killeen President Aston Hill Asset Management Inc. (416) 583-2300

SOURCE: Aston Hill Asset Management Inc.

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/22/c7534.html

CO: Aston Hill Financial Inc.
ST: Ontario
NI: FND FIN MNA 

-0- Jan/22/2013 16:41 GMT

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