AI
MONETA ANNOUNCES RECORD VOTING SUPPORT
AT ANNUAL GENERAL MEETING
May 23, 2012, Toronto, Ontario -
Moneta Porcupine Mines Inc.
(TSX: ME) (OTC: MPUCF) (XETRA: MOP)
(“Moneta” or the “Company”) is pleased to announce the results
from its annual general meeting held on May 22, 2012.
Over 80 million shares were voted in support, approving the
standard resolutions for the election of directors
and the appointment of financial auditors, as well as the
special resolution to approve the Shareholder Rights
Plan (the “Plan”) between Moneta and Computershare Investor
Services dated as of January 24, 2012.
Ian C. Peres, President and CEO of Moneta commented,
“This level of voting participation is particularly
impressive and highly unusual.
We would like to thank shareholders for their overwhelming
voting support and ongoing confidence as we continue to
advance our corporate objectives including the advancement of
our significant Golden Highway Project.”
The Plan was adopted by the Board of Directors (January 24, 2012
press release) following the announcement of a major
NI 43-101 Mineral Resource Estimate on
Moneta’s Golden Highway Project (December 1, 2011 press
release).
The Plan in no way prohibits a change of control of the Company
in a transaction that is procedurally fair to its shareholders.
Management is not aware of any proposed or pending unsolicited
take-over bid for the Company.
About Moneta
Moneta holds a 100% interest in 5 core gold projects
strategically located along the Destor Porcupine Fault
Zone in the world class Timmins Camp with excellent
infrastructure including access roads, water, electricity,
and mills.
The land position is one of the largest -
after three gold producers -
including the highly prospective
Golden Highway Project which covers 12 kilometers of a
volcanic/sedimentary belt along the Destor Porcupine
Fault Zone and hosts a NI 43-101 indicated resource of
1.07 million ounces gold (33.5 Mt at 1.00 g/t) plus a
NI 43-101 inferred resource of
2.07 million ounces gold (47.8 Mt at 1.35 g/t) clustered
within 4 kilometres.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Ian C. Peres, President & CEO
416-579-3040 (Toronto)
705-264-2296 (Timmins)
iperes@monetaporcupine.com
http://www.monetaporcupine.com/s/GoldenHighway.asp
http://www.monetaporcupine.com/s/Presentation.asp
God Bless
AT ANNUAL GENERAL MEETING
May 23, 2012, Toronto, Ontario -
Moneta Porcupine Mines Inc.
(TSX: ME) (OTC: MPUCF) (XETRA: MOP)
(“Moneta” or the “Company”) is pleased to announce the results
from its annual general meeting held on May 22, 2012.
Over 80 million shares were voted in support, approving the
standard resolutions for the election of directors
and the appointment of financial auditors, as well as the
special resolution to approve the Shareholder Rights
Plan (the “Plan”) between Moneta and Computershare Investor
Services dated as of January 24, 2012.
Ian C. Peres, President and CEO of Moneta commented,
“This level of voting participation is particularly
impressive and highly unusual.
We would like to thank shareholders for their overwhelming
voting support and ongoing confidence as we continue to
advance our corporate objectives including the advancement of
our significant Golden Highway Project.”
The Plan was adopted by the Board of Directors (January 24, 2012
press release) following the announcement of a major
NI 43-101 Mineral Resource Estimate on
Moneta’s Golden Highway Project (December 1, 2011 press
release).
The Plan in no way prohibits a change of control of the Company
in a transaction that is procedurally fair to its shareholders.
Management is not aware of any proposed or pending unsolicited
take-over bid for the Company.
About Moneta
Moneta holds a 100% interest in 5 core gold projects
strategically located along the Destor Porcupine Fault
Zone in the world class Timmins Camp with excellent
infrastructure including access roads, water, electricity,
and mills.
The land position is one of the largest -
after three gold producers -
including the highly prospective
Golden Highway Project which covers 12 kilometers of a
volcanic/sedimentary belt along the Destor Porcupine
Fault Zone and hosts a NI 43-101 indicated resource of
1.07 million ounces gold (33.5 Mt at 1.00 g/t) plus a
NI 43-101 inferred resource of
2.07 million ounces gold (47.8 Mt at 1.35 g/t) clustered
within 4 kilometres.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Ian C. Peres, President & CEO
416-579-3040 (Toronto)
705-264-2296 (Timmins)
iperes@monetaporcupine.com
http://www.monetaporcupine.com/s/GoldenHighway.asp
http://www.monetaporcupine.com/s/Presentation.asp
God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
