Mr. Ian Peres reports
MONETA ANNOUNCES RECORD VOTING SUPPORT AT ANNUAL GENERAL MEETING
Moneta Porcupine Mines Inc. has released the results from its annual general meeting held
on May 22, 2012.
Over 80 million shares were voted in support, approving the standard
resolutions for the election of directors and the appointment of
financial auditors as well as the special resolution to approve the
shareholder rights plan between Moneta and Computershare
Investor Services dated as of Jan. 24, 2012.
Ian C. Peres, president and chief executive officer of Moneta, commented: "This level of
voting participation is particularly impressive and highly unusual. We
would like to thank shareholders for their overwhelming voting support
and ongoing confidence as we continue to advance our corporate
objectives, including the advancement of our significant Golden Highway
The plan was adopted by the board of directors (Jan. 24, 2012, press
release) following the announcement of a major National Instrument 43-101 mineral
resource estimate on Moneta's Golden Highway project (Dec. 1, 2011,
press release). The plan in no way prohibits a change of control of the
company in a transaction that is procedurally fair to its shareholders.
Management is not aware of any proposed or pending unsolicited
takeover bid for the company.
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