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Message: Announces Mailing and Filing of Management Proxy Circular

Announces Mailing and Filing of Management Proxy Circular

posted on May 04, 2009 04:24AM
May 4, 2009
Tiomin Announces Mailing and Filing of Management Proxy Circular
TORONTO, ONTARIO--(Marketwire - May 4, 2009) - Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO) announced today that it has filed its Management Information Circular ("Circular") on SEDAR (www.sedar.com) and mailed its Notice of Meeting, Management Proxy Circular and Form of Proxy in connection with the Company's Annual Meeting of Shareholders to be held on May 26, 2009.

On the agenda for the meeting is the re-election of the current slate of directors as well as reappointment of Ernst & Young as the Company's independent auditors.

The proposed slate of directors, which management urges you to support, are very experienced individuals who collectively have over 200 years relevant experience as geologists, mining engineers, CEOs, lenders, investment bankers and lawyers. The proposed board members also have very strong track records in delivering transactions that have created tremendous shareholder value.

"The management team and board have a clear strategy for Tiomin's future," stated Robert Jackson, President & CEO of Tiomin, "and our main focus right now is to realize value in Tiomin's current assets while also seeking an accretive transaction such that Tiomin's cash can be married with a producing or near-producing assets.

"We strongly believe that this strategy will provide the best value creation for shareholders," added Mr. Jackson.

In order to give Tiomin's management and the board the strongest possible mandate to be stewards of the Company, Tiomin urges all shareholders to vote their proxies for management.

Tiomin urges all shareholders to vote their BLUE form of proxy for all proposed resolutions, including the re-election of Tiomin's board. Shareholders with any questions or requiring assistance in completing their BLUE form of proxy, are asked to contact Tiomin's proxy solicitation agent, Kingsdale Shareholder Services at 1-866-851-2468. Your vote is extremely important.

Certain actions and allegations by Jaguar Financial Corporation ("Jaguar") have created confusion around the management team and board of Tiomin, the annual meeting and the proxy circular. While Jaguar has announced it intended to withdraw its Requisition for a Special Meeting of Tiomin, outstanding issues, including claims alleged in a proposed derivative legal action against the Tiomin board of directors by Jaguar, still remain.

The board and management team strongly dispute what it believes to be unfounded claims by Jaguar, and the proposed legal action will be vigorously defended.

Tiomin's AGM is scheduled for Tuesday May 26, 2009 at 10:00 am at The Toronto Stock Exchange Tower, the Gallery Room, Toronto, Ontario.

To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
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