VANCOUVER, Aug. 27, 2014 /CNW/ - Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) ("Golden Queen" or the "Company") is pleased to announce that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that shareholders vote FOR the resolution to approve the joint venture (the "Proposed Joint Venture") between the Company and Gauss LLC ("Gauss"). The resolution will be considered at the upcoming Special Meeting of Shareholders of the Company to be held on Tuesday, September 9, 2014 at the Pan Pacific Hotel, Coal Harbour Room (999 Canada Place Way, Vancouver, British Columbia) at 10:00am PDT.
Both ISS and Glass Lewis are independent proxy advisory firms which, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.
Shareholders are reminded to vote their proxy prior to the proxy voting deadline of Friday, September 5, 2014 at 10:00 a.m. PDT. Our Board of Directors recommends a vote FOR the Proposed Joint Venture.
Due to the approach of the voting deadline, shareholders are urged to vote today using one of the alternatives below.
Registered Shareholders
Shareholders who have physical certificates representing Golden Queen shares may vote by telephone or via the Internet. To vote by telephone call 1-866-732-8683 from a touch tone phone. When prompted, enter your Control Number listed on the proxy and follow the voting instructions. To vote via the internet, go to www.investorvote.com and enter your Control Number listed on the proxy and follow the voting instructions on the screen. If you vote by telephone or via the Internet, do not complete or return the form of proxy.
Beneficial Shareholders
Shareholders who hold their shares through a broker or other intermediary may vote via the internet at www.proxyvote.com or follow the other instructions found on their voting instruction form.
Shareholders who have any questions about the information contained in the proxy statement or require assistance with voting should contact the Company's Proxy Solicitor, Laurel Hill Advisory Group, toll-free at 1-877-452-7184 or send an email to assistance@laurelhill.com.
Proposed Joint Venture
The Company announced the Proposed Joint Venture with Gauss in a news release on June 9, 2014. Details of the Proposed Joint Venture transaction are disclosed in a proxy statement on Schedule 14A that was filed with the United States Securities and Exchange Commission (the "SEC") and certain Canadian securities regulators on July 31, 2014. A copy of the proxy statement is available at www.sec.gov, www.sedar.com and on the Company's website at www.goldenqueen.com.
About Golden Queen Mining Co. Ltd:
The Company is developing a gold-silver, open pit, heap leach operation on its fully-permitted Soledad Mountain property, located just outside the town of Mojave in Kern County in southern California. The Project will use conventional open pit mining methods and the cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore.
Technical information in this news release was approved by H. Lutz Klingmann, President, and a Qualified Person as defined under NI 43-101.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.
Caution With Respect To Forward-looking Statements: The information in this news release includes certain "forward-looking statements". All statements in this news release, other than statements of historical fact, including, without limitation, plans for and intentions with respect to construction and other development activities on the Soledad Mountain Project, future mining operations on the Project, the Proposed Joint Venture and other statements, estimates and plans, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from statements in this news release regarding our intentions include the uncertainties involving the approval of the Proposed Joint Venture; risks of construction and mining such as accidents, equipment breakdowns, non-compliance with environmental and permit requirements, and other risks and uncertainties disclosed in the section entitled "Risk Factors" contained in our Annual Report on Form 10-K for the year ended December 31, 2013 and in our Quarterly report on Form 10-Q for the period ended June 30, 2014. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, should not to put undue reliance on forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made.
The Company's solicitation of proxies in connection with the extraordinary meeting of shareholders set to approve the Proposed Joint Venture transaction is detailed in the proxy statement filed with the SEC and available on the SEC's website at www.sec.gov.
SHAREHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AS IT CONTAINS IMPORTANT INFORMATION.
Shareholders can obtain a free-of-charge copy of the proxy statement and other relevant documents filed with the SEC from the SEC's website at www.sec.gov. The proxy statement and other relevant documents have also been filed with certain Canadian securities regulators and available free-of-charge at www.sedar.com. Shareholders can also obtain a free-of-charge copy of the proxy statement and other relevant documents by directing a request by email to Brenda Dayton at bdayton@goldenqueen.com, by telephone to (604) 921-7570 or by mail to Golden Queen Mining Co. Ltd, 6411 Imperial Ave., West Vancouver, BC, Canada, V7W 2J5.
The Company and its directors and executive officers will be participants in the solicitation of proxies from shareholders. Information about the Company's directors and executive officers, including their shareholdings, is set forth in the proxy statement for the Company's 2014 Annual Meeting of Stockholders, which was filed with the SEC on April 30, 2014. Investors may obtain additional information regarding the interest of such participants by reading the proxy statement.
SOURCE Golden Queen Mining Co. Ltd.
For further information: Lutz Klingmann, President & CEO, Telephone: (604) 921-7570, Email:
lklingmann@goldenqueen.com
