**** IMPORTANT REMINDER TO STOCKHOLDERS ****
TIME IS GROWING SHORT
Dear Fellow Mines Management, Inc. Stockholder:
At the time of the mailing of this letter our records indicate you have not yet voted your shares for the upcoming 2016 Mines Management, Inc. (the Company) Special Meeting scheduled to be held on September 12, 2016.
In the merger with Hecla Mining Company (Hecla), each share of the Companys common stock will be exchanged for .2218 shares of Hecla. As of the market close on August 30, 2016 this values a share of the Companys common stock at $1.23. On May 20, 2016, the last trading day before the proposed merger was publicly announced the Companys share price closed at $.62.
I would also like to point out that as stated in our August 18, 2016 press release; The Companys cash reserves as of June 30, 2016, are insufficient to continue operations through the end of the third quarter of 2016. Should the merger with Hecla not be approved and completed, the Company must seek additional capital or consider other alternatives, which could include bankruptcy or the sale of some or all of its assets. Your Board of Directors and I urge you to vote today.
The fastest and easiest way to vote your shares is by telephone or over the Internet. Instructions on how to vote your shares over the telephone or Internet are enclosed with this letter. Alternatively, you may sign and return the enclosed voting form in the envelope provided. If you hold your shares through a broker, your broker will be unable to vote your shares with respect to any matters to be voted on at the meeting if you do not provide instructions to your broker.
The merger proposal cannot be approved without a quorum present at the meeting.
WE URGE YOU TO EXERCISE YOUR RIGHT TO VOTE TODAY.
If you sign and return the enclosed form without indicating a different choice, your shares will be voted
FOR
the merger proposal,
FOR
the adjournment proposal and
FOR
the compensation proposal.
If you have questions or need help voting your shares, please call our proxy solicitation firm, Morrow & Co., LLC at (877) 787-9239.
Sincerely yours,
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Glenn M. Dobbs
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Chief Executive Officer
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