|By Marketwired .||
|May 30, 2014 02:07 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/30/14 -- Scorpio Mining Corporation (TSX:SPM) ("Scorpio" or the "Company") announced today that Institutional Shareholder Services Inc. ("ISS") has recommended that its clients vote FOR all of Scorpio's director nominees using only Scorpio's WHITE proxy. ISS has also recommended that shareholders do NOT vote using the blue dissident proxy of Tocqueville Asset Management, L.P.
ISS is a leading independent international corporate governance analysis and proxy voting firm. ISS recommendations are intended to assist shareholders in making choices regarding proxy voting decisions. In making its recommendations, ISS carefully considers the validity of the arguments and the outcome that is in the best interests of shareholders.
ISS stated that Tocqueville "has not made a compelling case that a change to the composition of the board is warranted at this time. Shareholder support for the management slate, therefore, is warranted."
"We are pleased to see this important recommendation from a leading independent third party proxy advisor in support of the Company's director nominees," said Ewan D. Mason, Chairman of the Company. "It is now up to the Company's shareholders to vote in support of our director nominees and send a message to Tocqueville that shareholders reject Tocqueville's attempt to take control of Scorpio's Board."
Protect your investment
- Vote your WHITE proxy today to ensure the Company stays on track -
Your vote is important in order to send a message to Tocqueville that you support the current Board and the positive momentum at the Company. Defend your investment, support your current Board and allow for continued progress at the Company by VOTING the Company's WHITE proxy before the June 10, 2014 deadline.
The Company has retained Kingsdale Shareholder Services to assist with the solicitation of proxies. If you have any questions or require assistance in voting your WHITE proxy, please contact Kingsdale Shareholder Services at 1-855-682-9644 (toll-free in North America) or 1-416-867-2272 (collect outside of North America) or by email at [email protected]. Agents are standing by to assist you with voting your proxy.
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Company's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Generally, these forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" "be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Scorpio Mining Corporation to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of the Company's projects in Mexico, risks related to international operations, construction delays and cost overruns, the actual results of current exploration, development and construction activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of silver, zinc, copper, lead and gold, risks relating to completing acquisition transactions as well as those factors discussed in the sections relating to risk factors of our business filed in Scorpio Mining Corporation's required securities filings on SEDAR, including its Annual Information Form dated March 13, 2014. Although Scorpio Mining Corporation has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove 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 statements. Scorpio Mining Corporation does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Scorpio Mining Corporation
Vice President Investor Relations & Corporate Communications
Kingsdale Shareholder Services
1-855-682-9644 (toll-free in North America)
1-416 867-2272 (collect outside of North America)
Aug. 24, 2016 12:00 PM EDT Reads: 3,810
Aug. 24, 2016 11:45 AM EDT Reads: 1,418
Aug. 24, 2016 11:45 AM EDT Reads: 3,337
Aug. 24, 2016 11:00 AM EDT Reads: 366
Aug. 24, 2016 11:00 AM EDT Reads: 2,064
Aug. 24, 2016 10:48 AM EDT Reads: 247
Aug. 24, 2016 10:45 AM EDT Reads: 1,782
Aug. 24, 2016 10:30 AM EDT Reads: 436
Aug. 24, 2016 10:19 AM EDT Reads: 254
Aug. 24, 2016 10:00 AM EDT Reads: 423
Aug. 24, 2016 09:45 AM EDT Reads: 2,238
Aug. 24, 2016 09:45 AM EDT Reads: 429
Aug. 24, 2016 09:36 AM EDT Reads: 201
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 24, 2016 09:00 AM EDT Reads: 3,492
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 24, 2016 08:59 AM EDT Reads: 321