VANCOUVER, Aug. 16, 2012 /CNW/ - Yesterday Northern Minerals Investment Corp. ("NMI"), on behalf of concerned shareholders of Mundoro Capital Inc. ("Mundoro", or the "Company"), issued an information circular, form of proxy and letter to shareholders, all in anticipation of the annual general and special meeting of the Company to be held on August 27, 2012 (the "Meeting").
NMI is asking Mundoro shareholders to vote to give the board depth and assistance by restoring the size of the board to five persons and electing two shareholder nominees to the board at the Meeting. Mundoro shareholders are also being asked to vote against the Advance Notice Policy that was passed without shareholder approval by the board, for its own protection and entrenchment.
As expected, both the Company and its counsel thoroughly reviewed all information released by NMI. In NMI's information circular, as part of the description of NMI, it is stated that Mr. Allen Li, the sole shareholder of NMI and not a nominee for director of the Company, attended Harvard University and has an MBA. The Company, through its counsel, has professionally questioned whether Mr. Li did in fact attend Harvard and obtain that degree. In reviewing this information, the Company's question was appropriate and we thank both the Company and its counsel for bringing this oversight to our attention. Mr. Li did attend Harvard University and received an AMP Graduation Certificate in 2001 and not an MBA. We apologize to any shareholders that feel they have been misled.
For more information about the actions being taken by NMI, on behalf of concerned shareholders, to elect two shareholder nominees to the board and to protect shareholder rights, please visit www.mundororights.com.
SOURCE: Northern Minerals Investment Corp.