Nevada Clean Magnesium Announces Results of its Annual General and Special Meeting
VANCOUVER, BRITISH COLUMBIA / TNW-ACCESSWIRE / December 22, 2014 / Nevada Clean Magnesium Inc.. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") is pleased to announce that its shareholders approved all special resolutions presented to them at the annual general and special meeting of the Company held on December 19, 2014.
The following provides a brief description of each matter voted upon at the Meeting, along with the outcome of the vote.
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| |Description of Matter
|Outcome of Vote|
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|1.|To approve a special resolution to adopt new Articles for the
Company which would replace the Company’s current Articles.
|Resolution |
| |
|Approved |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|2.|To approve a special resolution to add certain advance notice
provisions for the nomination of directors by shareholders in certain
circumstances to the Company’s Proposed Articles. |Resolution |
| |
|Approved |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|3.|To approve the alteration of the Company’s authorized share
structure by creating an unlimited number of Preferred Shares without
par value (the “Preferred Shares”); to authorize the|Resolution
|
| |directors of the Company (the “Board”) to create and attach
special rights and restrictions to the Preferred Shares, and to create
and attach additional classes of shares, at the |Approved |
| |discretion of the Board
| |
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About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
This news release was reviewed by James Sever, P. Eng. a qualified person recognized under NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
To Reach Nevada Clean Magnesium Inc.
Please Contact: Lisa Maxwell, at 604-210-9862
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