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Eco Oro Shareholders Respond to Outrageous Attempt by Board At Entrenchment
Eco Oro Shareholders Respond to Outrageous Attempt by Board At Entrenchment Canada...
About this update from Eco Oro Minerals Corp.
[{"type":"text","content":"\n\n\n\nEco Oro Shareholders Respond to Outrageous Attempt by Board At Entrenchment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 17, 2017\n\n\n\nTORONTO, March 17, 2017 /CNW/ - Courtenay Wolfe and Harrington Global Opportunities Fund Ltd., shareholders of Eco Oro Minerals Corp. (TSX: EOM) (\"Eco Oro\" or the \"Company\") who requisitioned the April 25, 2017 shareholders' meeting for the purpose of reconstituting the board of directors of the Company, declare that the conversion of unsecured notes due June 30, 2028 announced by the Company last night is invalid. \n\n\"The conversion of unsecured notes with a nominal interest rate, 4 months into their 12 year term and just a week before the record date for the meeting to reconstitute the Board, is a desperate and unacceptable attempt to manipulate the voting process and to further entrench a Board which has no support from the minority shareholders. The reasons given by the Company for this unprecedented transaction are disingenuous at best,\" Ms. Wolfe said. \"We will take appropriate steps to ensure that this outrageous and invalid conduct does not stand.\"\n\n‎We encourage all shareholders to let your voices be heard and join us to bring about needed change. For further background on the reasons for the requisition and information regarding the need to fix the Company, we would ask that you visit our website:\n\nwww.fixecooro.com\n\nForward-Looking Statements\n\nCertain statements contained in this press release constitute \"forward-looking information\" as such term is defined in applicable Canadian securities legislation. The words \"may\", \"would\", \"could\", \"should\", \"potential\", \"will\", \"seek\", \"intend\", \"plan\", \"anticipate\", \"believe\", \"estimate\", \"expect\" and similar expressions as they relate to the intentions and success of Courtenay Wolfe and Harrington Global Opportunities Fund Ltd. (the \"Requisitioning Shareholders\") to reconstitute the board of directors of Eco Oro and to reverse the conversion of...