Symbol: TSX: ME
TORONTO, June 11, 2020 /CNW/ - Moneta Porcupine Mines
Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the
"Company") announces that it has changed the format of its
upcoming Annual Meeting of Shareholders on Thursday, June 18, 2020 at 10:00 am (Toronto time) to a webcast-only meeting via
live audio webcast (the "Meeting").
The Meeting will no longer be hosted at a physical location and
shareholders will not be able to attend physically with attendance
by webcast only. The decision to conduct a webcast-only Meeting was
made for the health and safety of Moneta's shareholders and
employees given the ongoing COVID-19 pandemic risk and related
restrictions.
Shareholders are encouraged to vote in advance of the
webcast-only Meeting. Registered shareholders and duly
appointed proxyholders attending the Meeting via a live audio
webcast will be able to fully participate or submit questions
during the Meeting. Voting instructions will be provided at the
webcast-only Meeting for shareholders in attendance. Voting during
the Meeting will revoke previous voting instructions.
Webcast-Only Meeting details:
To access the webcast-only Meeting please join the broadcast on
Thursday, June 18, 2020 at
10:00 a.m. (Eastern Time) by
following this GoToMeeting link:
https://global.gotomeeting.com/join/664046517. These webcast-only
Meeting details will be available at the Company's website at
www.monetaporcupine.com.
The Company used the notice and access procedures provided under
National Instrument 54-101 to send the Notice of Meeting,
Management Information Circular ("Circular"), the Financial
Statements and MD&A (collectively, the "Proxy-Related
Materials") to registered and non-registered holders of common
shares. Under notice and access procedures, registered and
non-registered holders of common shares were sent a notice package
(the "Notice Package") explaining, among other things, how
to access the Proxy-Related Materials and containing a form of
proxy or voting instruction form, as applicable.
The Company mailed paper copies of the Proxy-Related Materials
to those registered and beneficial shareholders who have previously
elected to receive paper copies of the Company's meeting materials.
All other shareholders received a notice and access notification,
which contain information on how they may access the Proxy-Related
Materials electronically in advance of the Meeting. The Corporation
is not sending Proxy-Related materials directly to Non-Registered
Holders of common shares.
The Proxy-Related Materials may be accessed by Shareholders
electronically and are also available on the Company's website at
https://www.monetaporcupine.com/uploads/ME-2020-Circular-SEDAR.pdf
and will remain on the website for one full year thereafter.
Meeting Materials are also available under the Company's profile on
SEDAR at www.sedar.com.
About Moneta
The Company holds a 100% interest in 6
core gold projects strategically located along the Destor-Porcupine
Fault Zone in the Timmins Gold Camp with over 85 million ounces of
past gold production. The projects consist of the Golden Highway,
North Tisdale, Nighthawk Lake,
DeSantis East, Kayorum and Denton
projects. The Golden Highway Project covers 12 kilometres of
prospective ground along the DPFZ of which 4 km hosts the current
43-101 mineral resource estimate comprised of an indicated resource
of 556,500 ounces gold contained within 3.82 Mt @ 4.53 g/t Au and a
total of 1,174,000 ounces gold contained within 8.47 Mt @ 4.31 g/t
Au in the inferred category at a 3.00 g/t Au cut-off. A
preliminary economic assessment on the South West deposit located
within the Golden Highway Project commenced in Q1, 2020. The
results of the PEA are due to be delivered later in 2020. The study
will review several development scenarios for the South West
deposit which was the subject of a resource update in November 2019.
The Company's public documents may be accessed at www.sedar.com.
For further information on the Company, please visit our website at
www.monetaporcupine.com or email us at
info@monetaporcupine.com.
SOURCE Moneta Porcupine Mines Inc.