Business
EurOmax Announces Institutional Shareholder Services' Recommendation That Shareholders Vote Their BLUE Proxy In Support Of The Management Director Nominees
EurOmax Announces Institutional Shareholder Services' Recommendation That Shareholders Vote Their...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n\n\n\n Aug. 11, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nTSX.V. EOX\nFrankfurt. OMZ\n\nVANCOUVER, Aug. 11 /CNW/ - EurOmax Resources Ltd (TSX-V: EOX) EurOmax Resources ("Euromax" or the "Company") announces that Institutional Shareholder Services ("ISS"), formerly RiskMetrics, has recommended that shareholders vote their BLUE proxy in support of the Management Director Nominees. ISS is an independent international corporate governance analysis company. Their recommendations assist shareholders to make decisions when faced with a proxy voting decision. In its report, ISS noted that the Dissidents have not provided a business plan. ISS carefully analyzed each of the incorrect assertions made by the dissidents and stated, among other things, the following in its report:\n\n\n >\n\n\n"We are pleased that this leading independent corporate governance advisor has validated Management's position and recommended that shareholders vote their BLUE proxy. ISS' advice to Euromax shareholders is that Management is doing the job, the Company is in good hands, and Management deserves your vote today," said Christopher Serin, Interim Chief Executive Officer and Director of EurOmax. "Shareholders need to vote their BLUE proxy today to protect their investment and enable their Board and Management team to create wealth for shareholders. Alternatively, shareholders can let Mr. Patriarco take control of the Company, with no plan, a weak team and a proposed CEO with no exploration or Balkan country experience."\n\nPROXY VOTING DEADLINE\n\nIn order to be counted at the Meeting, BLUE proxies must be received not later than 5:00 p.m. (Vancouver time) on Friday, August 20, 2010 or, in the case of any adjournment of the Meeting, not less than 48 hours, excluding Saturdays, Sundays and holidays, prior to the time of the adjournment. The time limit for deposit of proxies may be waived by the Chair of the ...