TORONTO, April 21, 2017 /CNW/ - Courtenay Wolfe and Harrington Global Opportunities Fund Ltd., shareholders of Eco Oro Minerals Corp. (TSX: EOM) ("Eco Oro" or the "Company") who requisitioned the April 25, 2017 shareholders' meeting for the purpose of reconstituting the board of directors of the Company, announced that they will be submitting proxies today representing more than 50,100,000 votes.
These votes cast in favour of reconstituting the Board of Eco Oro represent more than 47% of the issued and outstanding shares of the Company (assuming the 10,600,000 shares invalidly issued on March 16, 2017 are excluded). We expect that this level of support will once again represent a vote of more than 90% of the non-Participating Shareholders against the management and current Board of the Company.
"We are very grateful for this incredible and unprecedented show of support from our fellow shareholders. This puts us in a strong position, which will undoubtedly enable us to reconstitute the Board at the shareholders' meeting next week if a favourable ruling is obtained regarding the invalid issuance of the 10,600,000 shares. This is great news for shareholders and I personally wish to thank shareholders for voting overwhelmingly for CHANGE", said Courtenay Wolfe.
We have been given an important mandate to fix Eco Oro, which we intend to do starting Wednesday, April 26, 2017.
SOURCE Concerned Shareholders of Eco Oro Minerals Corp.
For further information: Courtenay Wolfe: [email protected]; 416-505-8555