2014 Press Releases |
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April 21, 2014 Mediterranean Resources Updates On Finance Closing And Annual General Meeting DateVancouver, B.C., - Mediterranean Resources Ltd. (TSX: MNR; Frankfurt: MHM1) ("MNR" or the “Company”) wishes to advise that a previous announcement dated March 18, 2014, regarding its finance closing date of March 21, 2014, is postponed to April 25, 2014. The Private Placement discussions with the Swiss & Turkish investors and the Waratah investors and the company’s former chairman, John Clarke are still ongoing. The Company also wishes to advise that a previously issued news release dated January 8, 2014 acknowledging it had received a requisition from two shareholders, Waratah Investments Limited and Waratah Capital Ltd., for a general meeting of shareholders, which the Company had determined will be held on May 7, 2014, is no longer in effect. The Company Annual General Meeting will be held June 30, 2014. About Mediterranean Resources Tac and Corak were the subject of an NI 43-101 resource statement prepared by SRK in 2009 and a Preliminary Assessment (also by SRK) prepared in September 2011. Current NI 43-101 compliant resource estimates for the Taç and Çorak projects total 1.58 million ounces gold Indicated and 0.29 million ounces Inferred, as well as an Indicated resource of 64 million lbs of copper, 141 million lbs of Lead and 340 million lbs of Zinc. The company plans on advancing these deposits into production through open-pit mining. For further information please contact: The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. |