Black Iron Announces AGM Results
14 May 2014 - 7:01AM
Marketwired Canada
Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI)(FRANKFURT:BIN)
reports, in accordance with the policies of the Toronto Stock Exchange, that the
nominees listed in the management proxy circular dated April 3, 2014 for the
2014 Annual and Special Meeting of shareholders (the "Meeting") were elected as
directors of the Company.
Detailed results of the vote for the election of directors held at the Meeting
on May 13, 2014 in Toronto, Ontario are set out below.
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Votes % Votes Votes % Votes
For For Withheld Withheld
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John Detmold 67,894,960 99.99% 0 0.01%
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Bruce Humphrey 67,904,960 100% 0 0%
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Jaroslav Kinach 67,894,960 99.99% 0 0.01%
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Pierre Pettigrew 67,892,960 99.98% 0 0.02%
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David Porter 67,904,960 100% 0 0%
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Matthew Simpson 67,904,960 100% 0 0%
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Christopher Westdal 67,892,960 99.98% 0 0.02%
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A total of 68,785,860 common shares were voted in connection with the Meeting,
representing approximately 38.9% of the issued and outstanding common shares of
the Company. The results of other matters considered at the Meeting are reported
in the Report of Voting Results as filed by the Company on SEDAR
(www.sedar.com).
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 51%
owned Shymanivske project located in Kryviy Rih, Ukraine. This project contains
an NI 43-101 compliant resource, with 645.8 Mt Measured and Indicated mineral
resources, consisting of 355.1 Mt Measured mineral resources grading 32.0% Total
iron and 19.5% Magnetic iron, and Indicated mineral resources of 290.7 Mt
grading 31.1% Total iron and 17.9% Magnetic iron, using a cut-off grade of 10%
Magnetic iron. Additionally, the project contains 188.3 Mt of Inferred mineral
resources grading 30.1% Total iron and 18.4% Magnetic iron. Full mineral
Resource details can be found in the National Instrument 43-101 compliant
technical report dated December 17, 2012 titled "Feasibility Study of the
Shymanivske Iron Ore Deposit for Black Iron Inc." under the Company's profile on
SEDAR at www.sedar.com. The project is surrounded by five other operating mines,
including ArcelorMittal's iron ore complex. The Company believes that existing
infrastructure, including access to power, rail and port facilities, will allow
for a quick development timeline to production. Further, the Company holds an
exploration permit for the adjacent Zelenivske project, which it intends to
further explore to determine its potential. Please visit the Company's website
at www.blackiron.com, or write us at info@blackiron.com for more information.
The technical and scientific contents of this press release have been prepared
under the supervision of and have been reviewed and approved by Matt Simpson,
P.Eng, President and CEO of Black Iron Inc., who is a Qualified Person as
defined by NI 43-101. For further information, please see the technical report
of the Company, which is available on SEDAR at www.sedar.com.
Forward-Looking Information
This press release contains forward-looking information. Forward-looking
information is based on what management believes to be reasonable assumptions,
opinions and estimates of the date such statements are made based on information
available to them at that time, including those factors discussed in the section
entitled "Risk Factors" in the Company's annual information form for the year
ended December 31, 2013 (and dated March 14, 2013) or as may be identified in
the Company's public disclosure from time to time, as filed under the Company's
profile on SEDAR at www.sedar.com. Generally, forward looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved".. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including
but not limited to: general business, economic, competitive, geopolitical and
social uncertainties; the actual results of current exploration activities;
other risks of the mining industry and the risks described in the annual
information form of the Company. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking
information. The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Black Iron Inc.
Michael McAllister
Manager, Investor Relations
+1 (416) 309-2950
info@blackiron.com
Black Iron Inc.
Matt Simpson
President & CEO
+1 (416) 309-2138
www.blackiron.com
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