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Expanded Agenda for El Capitan Precious Metals Shareholder Meeting Drives Meeting Date Change
Expanded Agenda for El Capitan Precious Metals Shareholder Meeting Drives Meeting Date Change.
About this update from El Capitan Precious Metals Inc
[{"type":"text","content":"\n \n El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced today that it \n will hold its Shareholder Meeting in June of this year. The scheduling \n change, from March to June, was made to accommodate the Company’s plan \n to present an expanded meeting agenda that will be supported by detailed \n operations and revenue updates.\n \n \n El Capitan Board Chairman John F. Stapleton cited the impact of El Nino \n and unusual weather conditions on both site operations and ore \n shipments. He said that the weather system threatens to continue \n delivering heavier-than-normal snowfall that is expected to affect \n mining operations and, by extension, cash flow projections. The \n Company’s plan has been revised to accommodate the fact that shipping, \n over the next several weeks, may not be possible.\n \n \n As announced in recent weeks, the Company has entered into agreements to \n sell both iron ore and precious metals concentrates. To date, the \n Company has mined and stockpiled approximately 100,000 tons of head ore \n for processing and shipping as soon as weather conditions permit. In \n addition, the Company has shipped 15 tons of precious metals \n concentrates to be used in testing and in the preparation of final \n processing protocols.\n \n \n “A June Shareholder Meeting,” said Stapleton, “will enable us to gather \n product information from operations and prepare a video presentation of \n physical site operations as well as deliver specifics on the positive \n cash flow that is expected to result from the sale of iron ore and \n precious metals concentrates over the next several months.”\n \n \n Chuck Mottley, El Capitan President and CEO, believes that the revised \n timing on this meeting will afford the Company the opportunity to plan \n and execute a results-oriented agenda that will proactively address \n topics that are important to El Capitan shareholders.\n \n \n The El Capitan Shareholder Meeting will be held in Scottsdale, Arizona, \n on Tuesday, June 21 at the Gainey Ranch Golf Club. The meeting is \n scheduled to begin at 10:00 a.m. local time.\n \n \n About El Capitan Precious Metals, Inc.:\n \n \n El Capitan Precious Metals, Inc. is a mining company based in \n Scottsdale, Arizona that is principally engaged in the mining of \n precious metals and other minerals. ...