Business
Farallon confirms annual meeting matters
Farallon confirms annual meeting matters
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"\n\n\n\n May 6, 2010 (Canada NewsWire Group) -- Farallon Mining Ltd. ("Farallon" or the "Company") (TSX:FAN) confirms that it will hold its Annual General Meeting on Friday May 14, 2010 at the Vancouver Club - UBC Room, 915 West Hastings Street, Vancouver, British Columbia.\nThe shareholders meeting is scheduled to start at 2:00 PM Vancouver time and the agenda will address the usual annual business items such as presentation of annual financial statements, election of directors and appointment of auditors. As well, Mr Whittington, the Company's President and CEO will provide a corporate presentation.\nThe agenda will also consider a shareholders rights plan (SRP). Since the date of mailing of its Information Circular, Farallon has received some suggested modifications to the SRP from an investor advisory organization which would make the SRP a "new generation plan". Because the SRP modifications were received after the Farallon mailed its Information Circular some of the provisions described in the Information Circular will be varied from the floor of the meeting. These variations include the removal of restrictions on partial bids, clarifying the circumstances where persons are considered to be acting jointly or in concert, adding restrictions on Board discretion to waive the operation of or amend the plan and limiting the final and binding nature of determinations by the Board. A copy of the modified SRP will be available at the meeting and will be available for download at www.SEDAR.com for shareholders wishing to see the exact changes.\n\nFarallon operates the G-9 zinc mine on its Campo Morado Property in Guerrero State, Mexico. G-9 is a 1,500 tonnes per day, underground, zinc mine with important by-product credits of copper, gold, silver, and lead. The Company is targeting to produce at an annualized production rate of 120 million pounds of zinc and 15 million pounds of copper per year.\n\n\n >\n\n\nNo regulatory authority has approved or disapproved the information contained in this news release\n\nForward Looking Information\n\nThis release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address planned future production or other future events or developments that the Compan...