|By PR Newswire||
|August 20, 2014 03:29 PM EDT||
TORONTO, Aug. 20, 2014 /CNW/ - Concerned shareholders of Minera Alamos Inc. (TSX-V: MAI), led by Thomas Toth and Christopher James Berlet (as further described below, the "Concerned Shareholders") announce that they have formally requisitioned a special meeting of the shareholders of MAI. The purpose of the requisitioned meeting is to make changes to the board of directors of MAI and to nominate certain highly qualified nominees who will be proposed by the Concerned Shareholders.
The Concerned Shareholders have requested that the requisitioned meeting be held no later than October 30, 2014. In addition, the Concerned Shareholders have requested in a letter to MAI, that prior to holding of a shareholders meeting, management and the board ("Board") of MAI not take any actions outside of the ordinary course of business, including the closing of the restructuring announced today.
The Concerned Shareholders and the number of MAI common shares ("Common Shares") held are as follows: Thomas Toth 585,682 Common Shares (9.915%), Kathy Kumpula 211,651 Common Shares (3.58%) and Chris Berlet 181,533 (3.08%). In addition, Mr. Berlet holds 5,700 options and The 45,333 Common Share purchase warrants. The aggregate number of Common Shares held by the Concerned Shareholders is 978,866 or approximately 16.6% of the issued and outstanding Common Shares, or 1,029,899 Common Shares and 17.4% if Mr. Berlet's options and warrants are included.
The address for the Concerned Shareholders is Suite 402, 121 Richmond Street West, Toronto, Ontario M5H 2K1. For further information please refer to the Early Warning Report to be posted on SEDAR or contact Chris Berlet at (416) 525-6869.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent that they relate to Minera Alamos Inc. Forward-looking statements in this news release include, but are not limited to, statements regarding the results of the Concerned Shareholders' proposal to transform the Board of Minera Alamos Inc. and propose a turnaround strategy and issue a further press release. The forward-looking statements are not historical facts but reflect the Concerned Shareholders' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Concerned Shareholders believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Concerned Shareholders do not undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
SOURCE Concerned Shareholders of Minera Alamos Inc.
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