Mindoro Sets Date for Annual and Special Meeting
18 6월 2014 - 7:25AM
Marketwired
Mindoro Sets Date for Annual and Special Meeting
EDMONTON, ALBERTA--(Marketwired - Jun 17, 2014) - Mindoro
Resources Ltd. (TSX-VENTURE:MIO)(ASX:MDO)(FRANKFURT:WKN 906167)
("Mindoro", or "the Company") today provided notice that an annual
and special meeting of shareholders of the Company (the "Meeting")
will be held in Edmonton, Alberta, on November 28, 2014. The close
of business on October 9, 2014, has been fixed as the record date
for determination of shareholders entitled to notice of and to vote
at the Meeting or any adjournment. Further details, including
location and agenda, will be provided after the October 9, 2014,
record date.
Mindoro's CEO, Tony Climie, stated, "We expect the direct
shipping ore operation of high-iron laterite resources at the Agata
project to be fully operational by the Meeting date and we look
forward to celebrating this significant transition with our
shareholders."
Mindoro and TVIRD Joint Ventures
Mindoro and TVI Resource Development (Phils.), Inc. ("TVIRD"),
an affiliate of TVI Pacific Inc. (TSX:TVI)(OTCQX:TVIPF), have
signed four joint venture agreements relating to the Agata and Pan
de Azucar exploration and mining projects located in the
Philippines, as previously announced on October 1, 2012. The joint
ventures present Mindoro and TVIRD with multiple growth
opportunities for near and medium-term cash flow, including:
- near-term high-iron laterite direct shipping ore ("DSO");
- near-term limestone DSO;
- medium-term lime production facility;
- medium-term nickel-processing plant.
On April 28, 2014, Mindoro announced that the Agata project had
received a Declaration of Mining Project Feasibility ("DMPF") and
clearance to develop a port facility. Receipt of the DMPF
authorizes the DSO project to proceed to development, including the
extraction and sale of iron, nickel and other associated minerals.
Site development is expected to commence shortly followed by
shipping of the high-iron laterite in the third quarter of 2014,
subject to receipt of remaining port approvals and financing.
TVIRD may earn up to a 60% interest in each of the joint
ventures and is operator of the projects. As at March 31, 2014,
TVIRD had earned a 59% interest in the Agata Mining Joint Venture
and a 45% interest the Agata Processing Joint Venture. To complete
earning its interest, TVIRD must, in the case of the Agata Mining
Joint Venture, achieve DSO operation within three years of entering
into the joint venture agreement, and, in the case of the Agata
Processing Joint Venture, complete the bankable feasibility study
for a Nickel Processing Facility within four years of entering into
the joint venture agreement.
On behalf of the Board of Directors,
Tony Climie, CEO
About Mindoro
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange
(MIO), Australian Securities Exchange (MDO) and Frankfurt Stock
Exchange (WKN 906167). Mindoro has a 16% interest in the Agata
Mining Joint Venture and 30% interest in the Agata Processing Joint
Venture, Mindanao, with an option to acquire an additional 25% in
both projects. Mindoro also holds 75% interest in the Pan de Azucar
Sulphur-Copper-Gold Project, Iloilo. TVI Resource Development
(Phils.), Inc. ("TVIRD") has the option to earn up to a 60%
interest in Agata and Pan de Azucar projects by meeting the earn-in
requirements outlined in the June 24, 2013, press release, which
include funding the DSO operation into production and producing a
bankable feasibility study for a nickel processing facility.
Mindoro also holds 75% interest in the Tapian San Francisco
Copper-Gold Project, Mindanao.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Tony Climie, P.Geol., is the CEO of Mindoro Resources Ltd
and has sufficient experience which is relevant to the style of
mineralization and type of deposit under consideration and to the
activity which he is undertaking to qualify as a qualified person
as defined by National Instrument 43-101. Tony Climie consents to
the inclusion in the report of the matters based on the information
in the form and context in which it appears.
This release contains forward-looking statements including
management's assessments of future plans and operations, and
expectations of future production, including the statement with
respect to when Mindoro expects the direct shipping of
high-iron laterite resources at the Agata project to commence.
These statements are based on current expectations that involve
a number of risks and uncertainties, which could cause actual
results to differ materially from those anticipated. These risks
include, but are not limited to, the risks associated with the
mining and exploration industry (e.g. operational risks in
development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty
with respect to results of exploration, the uncertainty of
estimates and projections relating to production and the
uncertainty of the availability of capital). The assumptions used
in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. The Company does not undertake to
update forward-looking statements except where required to do so by
law.
For investor relations inquiries, pleaseemail ir@mindoro.com, or
telephone one of the following:Australia: Clayton Northey: +61 3
9028 8187Canada: Penny Gould: +780.719.8895, orJeanny So, CHF
Investor Relations: +1 416 868 1079 ext. 225Website:
www.mindoro.com
Mindoro Resources Ltd. (TSXV:MIO)
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Mindoro Resources Ltd. (TSXV:MIO)
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