SPOKANE, Wash., Oct. 14, 2014 (GLOBE NEWSWIRE) -- Mines Management, Inc. ("Mines Management" or the "Company") (NYSE-MARKET: MGN, TSX: MGT) announced that its Special Meeting of Shareholders ("Special Meeting") scheduled for, and convened on October 13, 2014, was adjourned due to the lack of requisite quorum. The vote in favor of two proposals was in excess of 92%. Only shareholders of record on the record date August 15, 2014 are entitled to and are being requested to vote.
The Special Meeting has been adjourned to 2:00 p.m. Spokane time on Tuesday, October 28, 2014, at the Company's headquarters located at 905 West Riverside Avenue, Suite 311, Spokane, Washington 99201 to allow additional time for the shareholders to vote on the proposals set forth in the Company's proxy statement filed with the Securities and Exchange Commission ("SEC").
During the period of the adjournment, the Company will continue to solicit proxies from its shareholders with respect to the proposals set forth in the Company's proxy statement. If a shareholder has previously submitted its proxy card and does not wish to change its vote, no further action is required by such shareholder.
The Company encourages all shareholders who have not yet voted to do so before October 27, 2014 at 11:59 p.m. Spokane time.
No changes have been made in the proposals to be voted on by shareholders at the Special Meeting. The Company's proxy statement and any other materials filed by the Company with the SEC remain unchanged and can be obtained free of charge at the SEC's website at www.sec.gov.
About Mines Management Inc.
Mines Management, Inc. is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties, primarily those containing silver and associated base and precious metals. Its primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana.
For further information, please contact:
Mines Management, Inc.
Attn: Douglas Dobbs, President
905 W. Riverside Ave., Ste. 311
Spokane, WA 99201
Phone: 509-838-6050
Fax: 509-838-0486
Email: info@minesmanagement.com
Website: www.minesmanagement.com
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, including statements regarding the Company's Special Meeting. Forward-looking statements are all statements, other than statements of historical facts, included in this press release that address activities, events or developments that Mines Management expects or anticipates will or may occur in the future, including such things as whether or when the offering may be completed, the size or terms of the offering and the anticipated use of proceeds. When used in this press release, the words "potential", "indicate", "expect", "intend", "possible", "hopes," "believe," "may," "if" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mines Management to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, fluctuations in silver and copper prices, general economic conditions, economic or political events affecting the supply of and demand for silver and copper, changes in U.S. securities markets, failure to receive regulatory approvals or changes in the attitude of state and local officials to the Montanore Project; as well as those factors discussed in Mines Management's latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other documents filed with the U.S. Securities and Exchange Commission. Although Mines Management has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, Mines Management assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.