|By PR Newswire||
|April 25, 2014 03:57 AM EDT||
VANCOUVER, April 24, 2014 /PRNewswire/ - American CuMo Mining Corporation ("CuMoCo" or the "Company") (TSXV: MLY) (OTCQX: MLYCF) announces that it has received a requisition (the "Requisition") for a general meeting of shareholders pursuant to section 167 of the Business Corporations Act (British Columbia). The shareholders who made the Requisition request that a special meeting of CuMoCo's shareholders be called to consider the approval of special resolutions to remove Hongxue Fu and Yi Ming Xie as directors of the Company, or, should such special resolutions fail to pass, to consider the approval of an ordinary resolution to increase the number of directors of the Board of Directors to seven, and an ordinary resolution to appoint Thomas G. Conway to the Board. The Board of Directors will review the requisition and provide an update in due course.
CuMoCo is focused on advancing its CuMo Project towards feasibility and establishing itself as one of the largest and lowest-cost molybdenum producers in the world as well as a significant producer of copper and silver. Management is continuing to build a strong foundation from which to move the Company and the CuMo Project forward.
On behalf of the Board of Directors of
American CuMo Mining Corporation
Chief Operating Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation including, but not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, such the Company's ability to move its CuMo Project to feasibility and production, and to become one of the largest and lowest-cost molybdenum producers in the world as well as a significant producer of copper and silver. Forward-looking information is based on a number of material factors and assumptions, including the result of exploration activities, the ability of the Company to raise the financing for a feasibility study and to put the CuMo project into production, that no labour shortages or delays are experienced, that plant and equipment function as specified that the Court will not intervene with the Company's proposed exploration activities at the CuMo Project, and the ability of the Company to obtain all requisite permits and licenses to advance the CuMo Project and eventually bring it into production. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future prediction, projection or forecast expressed or implied by the forward-looking information. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of molybdenum, silver and copper; possible variations in grade or recovery rates; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing, as well as those factors disclosed in the Company's publicly filed documents, including the Company's Management's Discussion and Analysis for the period ended September 30, 2013. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking 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. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
SOURCE American Cumo Mining Corporation
Oct. 13, 2015 03:00 PM EDT Reads: 326
Oct. 13, 2015 03:00 PM EDT
Oct. 13, 2015 02:45 PM EDT Reads: 242
Oct. 13, 2015 02:30 PM EDT Reads: 189
Oct. 13, 2015 02:15 PM EDT Reads: 357
Oct. 13, 2015 02:00 PM EDT Reads: 296
Oct. 13, 2015 02:00 PM EDT Reads: 108
Oct. 13, 2015 02:00 PM EDT Reads: 194
Oct. 13, 2015 02:00 PM EDT Reads: 1,339
Oct. 13, 2015 01:45 PM EDT Reads: 221
Oct. 13, 2015 01:45 PM EDT Reads: 223
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Oct. 13, 2015 01:00 PM EDT Reads: 342
Oct. 13, 2015 01:00 PM EDT Reads: 258
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Oct. 13, 2015 01:00 PM EDT Reads: 338
Oct. 13, 2015 01:00 PM EDT Reads: 219