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East Asia Minerals Reminds Shareholders of Important Vote
Your investment is at risk. Shareholders reminded to vote prior to January 23, 2018. L...
About this update from Baru Gold Corp
[{"type":"text","content":"East Asia Minerals Reminds Shareholders of Important VoteYour investment is at risk. Shareholders reminded to vote prior to January 23, 2018. Largest shareholder at over 20%, supports the incumbent Board.New management team and Board of Directors have poised the Company for growth in 2018.Vancouver, British Columbia--(Newsfile Corp. - January 19, 2018) - East Asia Minerals Corporation (TSXV: EAS) (\"East Asia Minerals\" or the \"Company\") reminds shareholders of the important vote at this year's annual and special general meeting (the \"Meeting\") being held on January 26, 2018. \"At the upcoming Meeting, shareholders will face a contested election for the Board of Directors,\" explained Terry Filbert, East Asia Minerals' CEO and Chairman. \"In March 2017, I joined East Asia Minerals as CEO and Chairman, along with a new Board of Directors and management team to lead the Company. Since then, your new team has accomplished more in the last few months than the previous management team and directors had over the past five years. The strategy set by the incumbent Board has preserved and revitalized our assets. However, the dissident nominees pose a threat to this positive momentum.\" Furthermore, the Company is pleased to announce that its largest shareholder holding over 20% of the outstanding shares, Tocqueville Asset Management, is supportive of the renewed management team and Board of Directors. This support is further evidenced by their vote cast in favour of the incumbent Directors.BackgroundOn December 22, 2017, the Company received notice from Messrs. Vishal Ghupta and Patrick Cronin, stating their intentions to put forward five dissident director nominees (the \"Dissident Nominees\") for election at the upcoming Meeting to replace the incumbent board. Shareholders should be make an informed decision before voting and note the following: The proposed five dissident nominees has been reduced to four and Mr. Cronin is no longer a dissident director nominee. This is most likely due to the Company having uncovered and disclosing crucial information to Shareholders that Mr. Cronin is currently serving a 10 year ban sanctioned by the Canadian securities regulatory authority, the Mutual Fund Dealers Association, for problematic actions. Although Mr. Cronin is no longer a dissident nominee, he is still leading the dissident campaig...