McEwen Mining and McEwen Mining - Minera Andes Acquisition Corp. Announce Results of Their Annual General Meetings
20 May 2014 - 9:30PM
Marketwired
McEwen Mining and McEwen Mining - Minera Andes Acquisition Corp.
Announce Results of Their Annual General Meetings
TORONTO, ONTARIO--(Marketwired - May 20, 2014) - McEwen Mining
Inc. (NYSE:MUX) (TSX:MUX) ("McEwen Mining") and McEwen Mining -
Minera Andes Acquisition Corp. (TSX:MAQ) ("ExchangeCo") are pleased
to announce the results of their annual general meetings held on
May 15, 2014. McEwen Mining reports that Robert McEwen, Allen
Ambrose, Michele Ashby, Leanne Baker, Richard Brissenden, Gregory
Fauquier, Donald Quick and Michael Stein were elected as directors
of McEwen Mining. The shareholders of McEwen Mining also approved
the compensation of McEwen Mining's named executive officers
("Say-on-Pay") and re-appointed KPMG LLP as auditors. ExchangeCo.
reports that Ian Ball was elected as a director.
Detailed voting results for the re-election of directors of
McEwen Mining are as follows:
Director |
For |
Withheld |
Percentage For |
Percentage Withheld |
Mr.
Robert McEwen |
140,089,849 |
605,731 |
99.6% |
0.4% |
Mr.
Allen Ambrose |
134,076,877 |
6,618,703 |
95.3% |
4.7% |
Ms.
Michele Ashby |
140,056,004 |
639,576 |
99.5% |
0.5% |
Dr.
Leanne Baker |
140,036,634 |
458,946 |
99.5% |
0.5% |
Mr.
Richard Brissenden |
112,649,675 |
28,945,905 |
80.1% |
19.9% |
Mr.
Gregory Fauquier |
140,154,856 |
540,724 |
99.6% |
0.4% |
Dr.
Donald Quick |
140,108,286 |
587,294 |
99.6% |
0.4% |
Mr.
Michael Stein |
140,122,457 |
573,123 |
99.6% |
0.4% |
ExchangeCo. is a subsidiary of McEwen Mining and was formed to
facilitate the acquisition of Minera Andes Inc. in 2012. In
connection with this acquisition, ExchangeCo. issued exchangeable
shares to holders of Minera Andes shares. The exchangeable shares
are convertible on a one-for-one basis at any time into shares of
McEwen Mining. Holders of exchangeable shares also vote on the same
matters as holders of McEwen Mining common shares and their votes
are included in the above results.
Detailed voting results for the election of the director of
ExchangeCo. are set out below:
Director |
For |
Withheld |
Percentage For |
Percentage Withheld |
Mr.
Ian Ball |
4,272,919 |
51,626 |
98.8% |
1.2% |
ABOUT MCEWEN MINING (www.mcewenmining.com)
The goal of McEwen Mining is to qualify for the S&P 500 by
creating a high growth gold/silver producer focused in the
Americas. McEwen Mining's principal assets consist of the San José
mine in Santa Cruz, Argentina (49% interest), the El Gallo 1 mine
and El Gallo 2 project in Sinaloa, Mexico, the Gold Bar project in
Nevada, USA, and the Los Azules copper project in San Juan,
Argentina.
As of May 20, 2014 McEwen Mining has an aggregate of 297,159,359
shares of common stock outstanding and issuable upon the exchange
of the exchangeable shares. Rob McEwen, Chairman and Chief Owner,
owns 25% of the shares of the Company (assuming all outstanding
Exchangeable Shares are exchanged for an equivalent amount of
Common Shares).
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements
and information, including "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
The forward-looking statements and information expressed, as at the
date of this news release, McEwen Mining Inc.'s (the "Company")
estimates, forecasts, projections, expectations or beliefs as to
future events and results. Forward-looking statements and
information are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and
competitive uncertainties, risks and contingencies, and there can
be no assurance that such statements and information will prove to
be accurate. Therefore, actual results and future events could
differ materially from those anticipated in such statements and
information. Risks and uncertainties that could cause results or
future events to differ materially from current expectations
expressed or implied by the forward-looking statements and
information include, but are not limited to, factors associated
with fluctuations in the market price of precious metals, mining
industry risks, political, economic, social and security risks
associated with foreign operations, the ability of the corporation
to receive or receive in a timely manner permits or other approvals
required in connection with operations, risks associated with the
construction of mining operations and commencement of production
and the projected costs thereof, risks related to litigation, the
state of the capital markets, environmental risks and hazards,
uncertainty as to calculation of mineral resources and reserves and
other risks. Readers should not place undue reliance on
forward-looking statements or information included herein, which
speak only as of the date hereof. The Company undertakes no
obligation to reissue or update forward-looking statements or
information as a result of new information or events after the date
hereof except as may be required by law. See McEwen Mining's Annual
Report on Form 10-K for the fiscal year ended December 31, 2013 and
Quarterly Report on Form 10-A for the quarter ended March 31, 2014
and other filings with the Securities and Exchange Commission,
under the caption "Risk Factors", for additional information on
risks, uncertainties and other factors relating to the
forward-looking statements and information regarding the Company.
All forward-looking statements and information made in this news
release are qualified by this cautionary statement.
The NYSE and
TSX have not reviewed and do not accept responsibility for the
adequacy or accuracy of the contents of this news release, which
has been prepared by management of McEwen Mining Inc.
Sheena ScotlandDirector, Investor Relations(647) 258-0395 ext
410Toll Free: (866) 441-0690(647) 258-0408Mailing AddressMcEwen
Mining Inc.150 King Street WestSuite 2800, P.O Box 24Toronto,
Ontario, Canada M5H 1J9info@mcewenmining.comMcEwen Mining
Inc.Facebook: www.facebook.com/mcewenrobTwitter:
www.twitter.com/mcewenminingwww.mcewenmining.com
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