TORONTO, Sept. 24, 2019 /CNW/ - Orefinders Resources
Inc. ("Orefinders" or the "Company") (TSX.V: ORX) confirms the
resignation of independent director Ilian
Iliev from Mistango River Resources ("Mistango") (MIS:CSE)
Board of Directors.
Orefinders also reports that it has received written
confirmation directly from Michael
Demers, Mistango's last remaining independent director, that
he intends to resign from Mistango's Board of Directors.
Additionally, as per Mistango's September
19 news release, Orefinders confirms that it has filed a
Notice of Application with the Ontario Superior Court of Justice
against Mistango, Robert J. Kasner,
Ilian Iliev, Michael Demers, Donald
Kasner and TSX Trust Company.
The legal Notice of Application undertaken by Orefinders
contains multiple claims, including but not limited, to the results
of Mistango's September 10
shareholder vote being made public and enforced.
SaveMistango.com
Notwithstanding any legal intervention, and in relation to
Mistango's attempt at a 'redo' vote, Orefinders reminds all
Mistango shareholders that if they did not vote for the
September 10th vote or if they would
like to change their vote, they can do so prior to September 26th.
Any new proxy vote supersedes any old proxy vote. We encourage
Mistango shareholders to
visit SaveMistango.com for simple and
straightforward online voting instructions. All shareholders
require is their 'Control Number' which can be obtained from either
the original physical mailing sent to shareholders or by directly
contacting their brokerage firm.
Orefinders position is that the results of September 10, 2019 Mistango shareholder vote must
be made public and its results enforced in order to 'Save Mistango'
and preserve the integrity of Canada's capital markets. Shareholder vote
suppression is a matter of Public Interest.
Visit SaveMistango.com for
information on:
- How Mistango Shareholders can vote for their Shareholders
Rights
- Our plan to Save Mistango via investment in the Omega
Project and aligning the interests of Mistango's New Board with
those of its shareholders
- Why change is needed at Mistango and how its current Board of
Directors are abusing your shareholder rights
- How Mistango's Board's conduct has become a Public Interest
issue whose precedent poses a risk to All Canadian Investors
Orefinders is relying on the exemption under section 9.2(4) of
National Instrument 52-102 – Continuous Disclosure Obligations to
make this public broadcast solicitation. This solicitation is
being made by Orefinders, and not by or on behalf of the management
of Mistango. It is being publicly broadcasted via this news
release and the website savemistango.com and proxies may be
solicited by telephone, email or other electronic means, as well as
by newspaper or other media advertising and in person by personnel
of Orefinders, who will not be specifically remunerated
therefor. Should interested parties or shareholders of
Mistango choose to contact Orefinders, they may call 416.644.1567
and ask for the CEO Stephen Stewart.
Orefinders has not entered into any proxy solicitation arrangement
in relation to this broadcast. The anticipated cost of the public
broadcast is $100.00 and the full
cost of this broadcast and disclosure has been paid for by
Orefinders, which owns 11.85 million shares of Mistango River
Resources Inc.
Shareholders of Mistango should refer to Mistango's Management
Information Circular dated August 20,
2019, which is filed and available on Sedar.com, for further
information regarding the nominee directors of Orefinders.
None of Orefinders' nominee directors has entered into any material
contract or transaction with Mistango.
About Orefinders Resources Inc.
Orefinders is a Gold
exploration and development company focused in the Kirkland Lake District of Ontario's Abitibi Greenstone Belt. The Company
is listed on the Toronto Venture Exchange under the symbol ORX.
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. Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Orefinders' assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Orefinders. Additional information identifying risks
and uncertainties is contained in filings by Orefinders with
Canadian securities regulators, which filings are available under
Orefinders' profile at www.sedar.com
SOURCE Orefinders Resources Inc.