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Orefinders calls for Management of Mistango to refrain from Entrenchment Tactics
Orefinders calls for Management of Mistango to refrain from Entrenchment Tactics C...
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[{"type":"text","content":"\n\n\n\nOrefinders calls for Management of Mistango to refrain from Entrenchment Tactics\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 5, 2019\n\n\n\nTORONTO, June 5, 2019 /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\"), is responding to Mistango River Resources Inc.'s (\"Mistango\") (MIS:CSE) news release disseminated on June 4, 2019 in order to affirm the Company's position and to reiterate its call for management of Mistango to act in the best interests of the Mistango shareholders by holding a shareholder meeting without delay and refraining from entrenchment tactics. \nMistango has not held a shareholder meeting since June 29, 2017. Mistango failed to hold its annual shareholders' meeting (\"AGM\") in 2018, and, in filings with Corporations Canada, Mistango misled the public and regulatory authorities by falsely stating that it held the AGM on June 19, 2018. \nOrefinders is Mistango's largest shareholder by a substantial margin, owning 11.85 million shares or over 31%. \nThe acquisition by Orefinders of over 31% of the shares of Mistango is in line with Orefinders stated strategy of consolidating the Cadillac Larder-Lake Break. Mistango's Omega mine is strategically located along the Cadillac Larder-Lake Break proximal to Orefinders' McGarry Mine and Barber Larder projects. Furthermore, the Omega mine shares synergies with Orefinders' Mirado project, which is just southwest of Omega as well as Agnico Eagle's Upper Beaver and Kirkland Lake Gold's Macassa Mine.  \nOrefinders believes that the consolidation of these projects is in the best interests of all shareholders of both Orefinders and Mistango.  Any transaction to consolidate properties of Mistango with Orefinders' projects will be conducted in compliance with all applicable corporate and securities laws and stock exchange policies, including laws and policies for the protection of minority shareholders of Mistango. \nDespite already being in breach of the corporate law requirement to hold its AGM, in response to Orefinders re...