Welcome!

News Feed Item

Concerned Shareholders of St. Elias Mines Ltd. File Dissidents Information Circular for AGM

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/12/12 -- Shareholders of St. Elias Mines Ltd. (the Company), please take notice that:

Gilby Len Hastman and Darcy Kim Hastman (the Concerned Shareholders) today announced that they have filed and are sending a dissidents information circular (the Dissidents Information Circular) to shareholders of the Company in connection with the annual general and special meeting of holders of common shares of the Company scheduled for December 27, 2012 (the AGM).

As outlined in the Dissidents Information Circular, the Concerned Shareholders are recommending that shareholders of the Company vote "FOR" the election of Gilby Len Hastman, Darcy Kim Hastman, Ted E.R. Rutherglen, James E. Rainbird and Richard Alexander Defreitas to the board of directors of the Company (collectively, the Dissident Nominees).

The Concerned Shareholders have initiated this proxy solicitation because they have lost confidence in the ability of the current directors of the Company to maximize shareholder value while preserving the Company's limited financial resources. In the last year alone, the share price of the Company has decreased by approximately 95%.

The Concerned Shareholders believe that the Dissident Nominees have the financial, technical and operational experience necessary to provide the Company with the leadership and oversight required to enhance shareholder value and allow the Company to realize on its potential. For further information on each of the Dissident Nominees, please see page 10 of the Dissidents Information Circular under the heading "Profiles of the Dissident Nominees".

The Concerned Shareholders also announced that they intend to apply to the British Columbia Supreme Court for an order that, notwithstanding the articles of the Company (the Articles), the election of James E. Rainbird and Richard Alexander Defreitas as directors of the Company at the AGM will be valid and, further, or in the alternative, that the AGM date be postponed until early January, 2013 in order for the consents of James E. Rainbird and Richard Alexander Defreitas to be received by the Company within the timeframes set forth in the Articles.

The Concerned Shareholders wish to remind shareholders of the Company that in order for their votes to be counted at the AGM, their GREEN PROXY (accompanying the Dissident's Information Circular and also available on www.sedar.com under the Company's profile) must be signed, dated and sent to:

Olympia Trust Company by fax at 1-604-484-8638 or by mail at 1003-750 West Pender Street, Vancouver, BC V6C 2T8

not later than 11:00 AM (Vancouver Time) on Friday, December 21, 2012, or, in the case of any adjournment or postponement of the AGM, not less than 48 hours, excluding Saturdays, Sundays and holidays, prior to the time fixed for the re-convened AGM.

Please also send a signed and dated copy of the GREEN PROXY at the same time to:

Computershare Investor Services Inc. by fax 1-866- 249-7775, or by email to [email protected], or by mail to 100 University Avenue, 9th Floor, Toronto, Ontario M5J 2Y1.

IF YOU ARE A NON-REGISTERED HOLDER OF COMMON SHARES OF THE COMPANY, PLEASE FOLLOW THE INSTRUCTIONS UNDER THE HEADING OF "NON-REGISTERED SHAREHOLDERS" ON PAGE 17 OF THE DISSIDENTS INFORMATION CIRCULAR.

The GREEN PROXY automatically revokes any earlier proxy given, including a white management proxy.

The Concerned Shareholders believe that a prosperous future for the Company and its shareholders is still attainable, but only if the Company becomes fiscally responsible and effectively develops its business under new leadership.

For further information, please see the Dissidents Information Circular available on www.sedar.com under the profile of the Company.

Gilby Len Hastman, on behalf of the Concerned Shareholders

Contacts:
Gilby Len Hastman
780-974-5925

Darcy Kim Hastman
780-974-5924

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...