Defeated Shareholder tries to win in court
Mosquito Consolidated Gold Mines Limited
Suite 100-1616 West 3rd Avenue, Vancouver, BC V6J 1K2
DEFEATED SHAREHOLDER TRIES TO WIN IN COURT
March 26, 2012 Symbol: MSQ
Mosquito Consolidated Gold Mines Limited (the “Company”) announces that it has received a petition filed in the Supreme Court of British Columbia by the dissident shareholder International Energy and Mineral Resources Investment (Hong Kong) Company Limited (“IEMR”) seeking to overturn the votes of the majority of shareholders at the 2011 Annual General Meeting held on December 16, 2012,. According to the records of the Securities Commission, IEMR is under the control and direction of former director of the Company, Hongxue Fu.
The Company is disappointed that IEMR’s has taken this step after failing to persuade the shareholders of the Company to vote in its favour.. The Company intends to strongly defend itself against this unjustified action and to take appropriate measures against IEMR and other dissident shareholders.
Mosquito Consolidated Gold Mines Limited
Per: "Brian M. McClay"
Brian M. McClay, Director
About Mosquito Consolidated Gold Mines
Founded in 1971 and headquartered in Vancouver, Canada, Mosquito Consolidated Gold Mines Limited (www.mosquitogold.com) is a mining exploration and development company with a diverse portfolio of high potential precious and base metals projects, located in low-political-risk environments in North America and Australia. The Company's primary focus is the development of its Idaho-based CUMO deposit, recognized as one of the largest molybdenum-copper porphyry deposits in the world, and its Nevada-based Pine Tree porphyry copper molybdenum-silver project.
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