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Homeland Energy Group Ltd. Updates Annual and Special Shareholders' Meeting Info
Jun 18, 2008 03:35PM
Homeland Energy Group Ltd. Updates Annual and Special Shareholders' Meeting Information
- Resolution amendment regarding the appointment of auditor
TORONTO, ONTARIO, Jun 18, 2008 (MARKET WIRE via COMTEX News Network) --
Homeland Energy Group Ltd. (TSX: HEG) ('Homeland' or 'the Company') has relocated its Annual and Special Meeting of Shareholders to the Quebec Room, Main Mezzanine Level of the Royal York Hotel at 100 Front Street West, Toronto, Ontario, Canada to accommodate a larger number of shareholders and interested parties. The meeting date and time remain unchanged at Thursday, June 26, 2:00 pm EST.
In addition, as a result of the decision of the board of directors on May 31, 2008 to change the auditors of the Corporation to McGovern Hurley, Cunningham, LLP, Chartered Accountants Homeland Energy wishes to notify its shareholders that it proposes to change Resolution #2 regarding the Appointment of Auditor, which appears in the proxy materials sent to shareholders, as follows:
"Management proposes to nominate McGovern, Hurley, Cunningham, LLP, Chartered Accountants, as auditor of the Company to hold office until the next annual meeting of shareholders.
IT IS INTENDED THAT THE COMMON SHARES REPRESENTED BY PROXIES IN FAVOUR OF MANAGEMENT NOMINEES, WHERE DISCRETION HAS BEEN GIVEN, WILL BE VOTED IN FAVOUR OF THE APPOINTMENT OF MCGOVERN, HURLEY, CUNNINGHAM, LLP, CHARTERED ACCOUNTANTS, AS AUDITOR OF THE COMPANY AND THE AUTHORIZING OF THE DIRECTORS TO FIX THEIR RENUMERATION. AN AFFERMATION VOTE OF A MAJORITY OF THE VOTES CAST AT THE MEETING IS SUFFICIENT FOR THE APPOINTMENT OF THE AUDITOR."
The Notice of Change of Auditors and the supporting documents were filed on SEDAR on June 10, 2008 and are available for viewing at www.sedar.com. Questions and comments may be directed to company contacts listed below.
Homeland Energy Group Ltd. is a producing coal company, traded on the Toronto Stock Exchange under the symbol "HEG". The company is focused on energy exploration and development in Southern Africa. Homeland owns two producing operations - the Kendal Mine near Witbank, South Africa and the Northfield site reclamation project near Dundee, South Africa as well as an advanced development coal project in South Africa (Eloff coal mining project) and a number of early-stage exploration properties in the provinces of Mpumalanga and Kwa-Zulu Natal. The Company is currently negotiating to acquire interests in a number of additional coal properties in eastern South Africa, neighbouring countries and the United States. Homeland is also a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration and development company focused on projects in Niger and the United States, and has several other global strategic investments. Homeland Energy Group Ltd. began trading on the Toronto Stock Exchange on March 5, 2008 and currently has 150,079,642 common shares issued and outstanding.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This release contains certain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" 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 projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.
Contacts: Homeland Energy Group Ltd. Naomi Nemeth Vice President, Investor Relations (416) 506-1979 Email: [email protected]
Homeland Energy Group Ltd. Stephen Coates President and Chief Executive Officer +44 20 7016 9881 Email: [email protected] Website: www.homelandenergygroup.com