Mines Management Inc. Announces Voting Results of Annual General Meeting of Shareholders
19 Giugno 2015 - 12:56AM
Spokane, Washington - June 18, 2015 -
MINES MANAGEMENT, INC. (NYSE-Market: MGN, TSX: MGT) is pleased to
announce the voting results for the annual general meeting of
shareholders (the "Meeting") which was held on June 18, 2015 in
Spokane, Washington.
All director nominees set out in the management
information circular dated May 11, 2015 were elected as directors
to serve (3) three year terms. In addition, all other
measures submitted for business were approved. Details of the
voting were as follows:
Proposal #1 |
Votes For |
Percentage of
Votes For |
Votes Withheld |
|
Russell
C. Babcock |
6,875,178 |
98.91% |
75,490 |
|
Douglas
D. Dobbs |
6,854,641 |
98.62% |
96,027 |
|
|
|
|
|
|
Proposal #2 |
Votes For |
Percentage of
Votes For |
Against |
Abstain |
Tanner
LLC appointed as independent accounting firm |
17,356,195 |
99.59% |
34,501 |
35,603 |
|
|
|
|
|
The results of voting will be filed on the website
of the U.S. Securities and Exchange Commission on Form 8K and with
Canadian disclosure on SEDAR, as well as the Company's website,
www.minesmanagement.com.
About Mines Management
Mines Management,
Inc. is engaged in the business of acquiring
and exploring, and if exploration is successful, developing mineral
properties containing precious and base metals. The Company's
primary focus is on the advancement of the Montanore silver-copper
project located in northwestern Montana. The Montanore is an
advanced stage exploration project containing 81.5 million tons of
mineralized material with average grades of 2.04 ounces silver per
ton and 0.75% copper. A Canadian NI 43-101 technical report
has been completed on the project calculating a measured resource
of 4.03 million tons of material grading 1.85 ounces per ton
("opt") silver and 0.74% copper, an indicated resource of 77.5
million tons grading 2.05 opt silver and 0.75% copper, and an
inferred resource of 35.1 million tons grading 1.85 opt silver and
0.71% copper. The project is currently undergoing the
permitting process. Additional information is available at
Mines Management's website: www.minesmanagement.com.
Cautionary Note
to U.S. Investors concerning estimates of Measured, Indicated and
Inferred Mineral Resources:
This press release uses the terms "Measured Mineral Resource",
"Indicated Mineral Resource", and "Inferred Mineral Resource." We
advise U.S. investors that while those terms are recognized and
required by Canadian NI 43-101, the Securities and Exchange
Commission does not recognize them. U.S. investors are
cautioned not to assume that any part or all of the mineral
deposits in these categories will ever be converted into mineral
reserves. Inferred Mineral Resources have a greater amount of
uncertainty as to their existence and as to their economic and
legal feasibility. In accordance with Canadian rules,
estimates of Inferred Mineral Resources cannot form the basis of
feasibility or other economic studies. U.S. investors are
cautioned not to assume that part or all of the Inferred Mineral
Resources exists, or is economically or legally mineable. The
SEC normally only permits issuers to report mineralization that
does not constitute 'reserves' by SEC standards as "in place"
tonnage and grade without reference to unit measures.
Accordingly, the information contained in this press release may
not be comparable to similar information made public by U.S.
companies that are not subject to NI 43-101.
FOR MORE INFORMATION:
Douglas D. Dobbs
President, Mines Management, Inc.
905 West Riverside Ave - Suite 311
Spokane, WA 99201
Phone: 509-838-6050
Fax: 509-838-0486
Email: info@minesmanagement.com
Web: www.minesmanagement.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Mines Management Inc. via Globenewswire
HUG#1929738
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