LONDON, July 4, 2018 /CNW/ - Meridian Mining S.E. (TSXV:
MNO) (the "Company") is pleased to report on the results of
the Annual General and Special General Meeting (the
"Meeting") of shareholders held on June 29, 2018. The Company is also pleased
to announce the appointment of Jonathon
Richards to the position of Interim Chief Financial Officer
and the resignation of Mr. Carlos Braga from the CFO
role.
The Company is pleased to have back Mr. Richards as he has a
keen understanding of the Brazilian operations and will be a
valuable contributor going forward. The Company thanks Mr.
Braga for his role as CFO.
At the Meeting the shareholders approved the number of directors
at five (5). Gilbert Clark, Charles Riopel, John Sabine, Peter
Weidmann and Christiaan
Wessels were elected as directors of the Company for the
ensuing year.
In addition, at the Meeting the shareholders approved:
- The re-appointment of KPMG, LLP Chartered Accountants as
auditors;
- The Company's Stock Option Plan;
- The authorization of the Board of Directors to allot up to 165
million shares in the capital of the Company and the disapplication
of pre-emptive rights for such allotment.
These items are further detailed in the Management Information
Circular dated May 30, 2018.
The 2017 annual accounts (which relate to standalone annual
financial statements required under UK corporate law and not
the consolidated annual financial statements previously filed
pursuant to Canadian securities laws) were not considered at the
Meeting but rather the Meeting was adjourned until Friday, July 27, 2018 at 10:00 a.m. at the offices of Osler, Hoskin & Harcourt LLP,
1700 –1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9, at which
time the 2017 annual accounts will be considered and, if warranted,
approved.
On behalf of the Board of Directors
of Meridian Mining SE
John Sabine
Chairman of the Board
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition, exploration,
development and mining activities in Brazil. The Company is currently focused on
exploring and developing the Espigão manganese and gold projects,
the Bom Futuro tin JV area, and adjacent areas in the state of
Rondônia. The Company employs a two-pronged strategy with the
objective of growing pilot production while advancing a parallel
multi-commodity regional exploration program. Meridian is currently
producing high grade manganese at its project located at Espigão do
Oeste.
Further information can be found at www.meridianmining.co
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking
information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among
others, statements with respect to the Company's plans for
exploration and development of its properties and potential
mineralization. These statements address future events and
conditions and, as such, involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such risk factors include, among
others, failure to obtain regulatory approvals, failure to complete
anticipated transactions, the timing and success of future
exploration and development activities, exploration and development
risks, title matters, inability to obtain any required third party
consents, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions,
relationships with strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices
and one-time events. In making the forward-looking
statements, the Company has applied several material assumptions
including, but not limited to, the assumptions that: (1) the
proposed exploration and development of mineral projects will
proceed as planned; (2) market fundamentals will result in
sustained metals and minerals prices and (3) any additional
financing needed will be available on reasonable terms. The
Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities legislation.
The Company cautions that it has not completed any feasibility
studies on any of its mineral properties, and no mineral reserve
estimate has been established. In particular, because the
Company's production decision relating to BMC's manganese project
is not based upon a feasibility study of mineral reserves, the
economic and technical viability of the Espigão manganese project
has not been established.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Meridian Mining S.E.
