VANCOUVER, Aug. 12 /CNW/ - EurOmax Resources Ltd (TSX-V: EOX) EurOmax Resources ("Euromax" or the "Company") announces that Glass Lewis & Co. ("Glass Lewis"), has recommended that shareholders vote their BLUE proxy in support of the Management Director Nominees.
Glass Lewis is an independent international corporate governance analysis company whose recommendations assist shareholders to make decisions when faced with a proxy voting decision. Glass Lewis' recommendation to shareholders to vote their BLUE proxy is the second in two days from a leading independent proxy advisor, with Institutional Shareholder Services having made the same recommendation. In reaching their conclusion Glass Lewis stated that:
"the Dissident has presented a weak argument in support of its
contest and its plan for the Company is particularly light on
detail...in the absence of other significant conflict related to the
incumbent directors, we believe that the current board members are
the best individuals to represent shareholders at this time."
"Both Glass Lewis and Institutional Shareholder Services have now recommended that shareholders vote FOR all management nominees, a recommendation based on what they believe to be in the best interests of all shareholders," said Christopher Serin, Interim Chief Executive Officer and Director of EurOmax. "Clearly, voting in support of management is the right thing to do. Vote your BLUE proxy today to protect your investment and allow us to create value for all shareholders."
PROXY VOTING DEADLINE
In order to be counted at the Meeting, BLUE proxies must be received not later than 5:00 p.m. (Vancouver time) on Friday, August 20, 2010 or, in the case of any adjournment of the Meeting, not less than 48 hours, excluding Saturdays, Sundays and holidays, prior to the time of the adjournment. The time limit for deposit of proxies may be waived by the Chair of the Meeting at his or her discretion without notice. If you require assistance voting your proxy, contact Kingsdale Shareholder Services Inc. toll free at 1-866-851-2571 or by email at firstname.lastname@example.org.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
"Christopher A. Serin"
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements. Forward-looking statements are statements that relate to future events or financial performance. In some cases, you can identify forward-looking statements by the use of terminology such as "may", "should", anticipates", `believes", "expects", "intends", "forecasts", "plans", or the negative of these terms or similar terminology. These forward-looking statements speak only as of the date of this news release and are based on current expectations of the Company's management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties and other factors, including: the possibility that the nominees of the Dissident will be elected, general economic and business conditions, risks associated with the exploration and development activities of the Company, competition for materials, equipment, qualified personnel and service providers, technological changes and developments in the industry and regulatory uncertainties and potential environmental liabilities. The Company cautions that the list of risks and assumptions set forth above is not exhaustive. All forward-looking statements in this news release are qualified by these cautionary statements. These risks, as well as risks that the Company cannot currently anticipate, could cause the Company actual results, levels of activity or performance to be materially different from any future results, levels of activities or performance expressed or implied by these forward-looking statements. Except as required by applicable law, the Company does not intend to update any of these forward-looking statements.
SOURCE EurOmax Resources Ltd.
For further information: For further information: Investors: www.euromaxresources.com, Kingsdale Shareholder Services Inc., 1-866-851-2571 ; Media: Joel Shaffer, Kingsdale Communications Inc., 416-867-2327