Searchlight Minerals Corp. to reschedule Annual Shareholders' Meeting date
03 7월 2008 - 8:00PM
PR Newswire (US)
HENDERSON, NV, July 3 /PRNewswire-FirstCall/ -- Searchlight
Minerals Corp. (OTC BB: SRCH) (the "Company"), a minerals
exploration company focused on the acquisition and development of
projects in the southwestern United States, today announced that it
will reschedule the date for its 2008 Annual Shareholders' Meeting.
As a result of a request by the Securities and Exchange Commission
("SEC") to be given an opportunity to review and comment on the
Company's pending Registration Statement on Form S-1, the Company
has requested that the SEC delay its comments on the Preliminary
Proxy Statement that was filed by the Company on June 20, 2008.
Because this will delay the filing of the Company's Definitive
Proxy Statement, the Company will be unable to host its Annual
Shareholders' Meeting on the previously scheduled date of July 31,
2008. A new date for the Annual Meeting will be announced as soon
as the Definitive Proxy Statement has been filed with the SEC.
"Because of the time required for the SEC to review our pending
Registration Statement, we will need to set a new date for our
Annual Shareholders' Meeting," stated Ian McNeil, Chief Executive
Officer of Searchlight Minerals Corp. "We intend to reschedule the
Annual Meeting at the earliest date possible, and we look forward
to visiting with many of our shareholders at the meeting.
Meanwhile, the Company will continue to provide shareholders and
other investors with periodic updates regarding developments and
activities at its Clarkdale Slag Project and Searchlight Gold
Project whenever such updates are warranted. We also recommend that
investors review our corporate presentation as filed with the SEC
on May 6, 2008, and visit our website
(http://www.searchlightminerals.com/) for postings of news releases
and other corporate information." About Searchlight Minerals Corp.
Searchlight Minerals Corp. is a minerals exploration company
focused on the acquisition and development of projects in the
southwestern United States. The Company is currently involved in
two projects: (1) the Clarkdale Slag Project, located in Clarkdale,
Arizona, is a reclamation project to recover precious and base
metals from the reprocessing of slag produced from the smelting of
copper ores mined at the United Verde Copper Mine in Jerome,
Arizona; and (2) the Searchlight Gold Project, which involves
exploration for precious metals on mining claims near Searchlight,
Nevada. The Clarkdale Project is the more advanced of two ongoing
projects that the Company is pursuing. The Searchlight Gold Project
is an early-stage gold exploration endeavor on 3,200 acres located
approximately 50 miles south of Las Vegas, Nevada. Searchlight
Minerals Corp. is headquartered in Henderson, Nevada, and its
common stock is listed on the OTC Bulletin Board under the symbol
"SRCH". Additional information is available on the Company's
website at http://www.searchlightminerals.com/ and in the Company's
filings with the U.S. Securities and Exchange Commission.
Forward-Looking Statements This Press Release may contain, in
addition to historical information, forward-looking statements.
Statements in this news release that are forward-looking statements
are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with the U.S.
Securities and Exchange Commission. When used in this news release,
the words such as "could", "plan", "estimate", "expect", "intend",
"may", "potential", "should", and similar expressions, are
forward-looking statements. The risk factors that could cause
actual results to differ from these forward-looking statements
include, but are not restricted to the Company's limited operating
history, uncertainties about the availability of additional
financing, geological or mechanical difficulties affecting the
Company's planned geological or other work programs, uncertainty of
estimates of mineralized material, operational risk, environmental
risk, financial risk, currency risk and other statements that are
not historical facts as disclosed under the heading "Risk Factors"
and elsewhere in the Company's periodic filings with securities
regulators in the United States. Consequently, risk factors
including, but not limited to the aforementioned, may result in
significant delays to the projected or anticipated production
target dates. CONTACT: Carl Ager, Vice President, at (702)
939-5247, or via email at ; or RJ Falkner & Company Inc.,
Investor Relations Counsel, at (800) 377-9893, or via email at
DATASOURCE: Searchlight Minerals Corp. CONTACT: Carl Ager, Vice
President, at (702) 939-5247, or via email at ; or RJ Falkner &
Company Inc., Investor Relations Counsel, at (800) 377-9893, or via
email at
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