TWNNF - ISS and Glass Lewis Recommend That Trelawney Shareholders Vote for the Plan of Arrangement With IAMGOLD
TORONTO, ONTARIO, Jun 05, 2012 (MARKETWIRE via COMTEX) -- Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX VENTURE: TRR)(FRANKFURT: RTW) announces that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that shareholders vote FOR the special resolution to approve the plan of arrangement (the "Arrangement") between Trelawney and 2324010 Ontario Inc., a wholly-owned subsidiary of IAMGOLD Corporation ("IAMGOLD"), to be considered at the upcoming special meeting of shareholders of Trelawney to be held at 11:00 a.m. (Toronto time) on June 15, 2012, at the Toronto Board of Trade, 1 First Canadian Place, 3rd Floor, Toronto, Ontario, Canada. Both ISS and Glass Lewis are independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. In its analysis, ISS said that:
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