Continental Precious Minerals Inc. Announces Dismissal of Application by Dissident Group
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/23/12 -- Continental Precious Minerals Inc. (TSX: CZQ) (the "Company" or "Continental") is pleased to announce that the Company has received the decision on an application filed by a group of shareholders (Sajjad Ebrahim, Ali Ebrahim, Salman Ebrahim, Jatinder Dhillon and Rita Hoff) which application had sought a declaration that certain actions of the Company and its directors have been oppressive and unfairly disregards the interests of the applicants. The applicants sought an order of the court to call and hold a meeting of the shareholders of the Company for the purpose of electing directors, an order requiring the Company to pay the reasonable costs of proxy solicitation by and on behalf of the applicants and a declaration that the special quorum requirement set forth in the by-laws of the Company (that not less than 50% of the outstanding shares of the Company shall constitute a quorum for the purpose of electing or removing directors, changing the number of directors or amending the special quorum requirement) is invalid, together with other related relief.
For reasons given in a 20 page decision, the Honourable Mr. Justice Brown of the Ontario Superior Court of Justice dismissed the application completely.
About Continental Precious Minerals Inc.
Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.
Contacts:
Continental Precious Minerals Inc.
Ed Godin
President & CEO
(416) 805-3036
(905) 276-4862 (FAX)
TMX / Equicom
Craig MacPhail
(416) 815-0700, ext. 290
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2012 - 12:13 Uhr
Sprache: Deutsch
News-ID 149279
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 626 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Continental Precious Minerals Inc. Announces Dismissal of Application by Dissident Group"
steht unter der journalistisch-redaktionellen Verantwortung von
Continental Precious Minerals Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
