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Orefinders Requisitions Mistango Shareholders Meeting to Change Mistango's Board of Directors
Orefinders Requisitions Mistango Shareholders Meeting to Change Mistango's Board of Direct...
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[{"type":"text","content":"\n\n\n\nOrefinders Requisitions Mistango Shareholders Meeting to Change Mistango's Board of Directors\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, May 8, 2019\n\n\n\nTORONTO, May 8, 2019 /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSX.V: ORX) announces that, further to its acquisition of 11,850,000 shares of Mistango River Resources Inc. (\"Mistango\") (CNX: MIS), or over 31% of the shares outstanding, from Osisko Gold Royalties, Orefinders has requisitioned the convening of a shareholders meeting of Mistango, in respect of its 2017 and 2018 fiscal years, and for the purpose of changing its board of directors.\nRequisition of Shareholders' Meeting for Mistango River Resources\nOrefinders has requisitioned the directors of Mistango to hold a shareholder meeting pursuant to Section 143 of the Canada Business Corporations Act.  Mistango has been in default, for over ten months, in holding its annual general shareholders meeting in 2018 and its management has not yet called a meeting for 2019. Shareholders will be asked to replace the current Board of Directors of Mistango, given the lack of progress and value creation from their assets, including the development of the Omega gold mine.  \n\"I encourage all Mistango shareholders to reach out to me directly to learn more about Orefinders' rationale for requisitioning this shareholder meeting and our plan to turn Mistango around for the benefit of all shareholders,\" said Stephen Stewart Orefinders CEO. \nThe requisition delivered to Mistango proposed the election of the following nominees:\nStephen StewartStephen has been involved in natural resource development and finance for over fifteen years. He is currently the CEO of Orefinders Resources Inc. and Power Ore Inc., both listed on the TSX Venture Exchange. He is also the Chairman of the Young Mining Professionals global group.  Stephen holds a BA from the Western University, an MBA from the University of Toronto's Rotman School of Management and a M.Sc. from the University of Florida's Hough Graduate ...