Trelawney Resources Inc.

Published : June 06th, 2012

ISS And Glass Lewis Recommend That Trelawney Shareholders

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Keywords :   Canada | Gold | Justice | K Street | Report |
 
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Trelawney Mining and Exploration Inc. SnapMail

FOR IMMEDIATE RELEASE
 

ISS And Glass Lewis Recommend That Trelawney Shareholders Vote For The Plan Of Arrangement With IAMGOLD


June 5, 2012 – Toronto, Ontario – Trelawney Mining and Exploration Inc. (the �Company� or �Trelawney�) (TSXV: TRR, Frankfurt: RTW) announces that Institutional Shareholder Services (�ISS�) and Glass Lewis & Co. (�Glass Lewis�) have both recommended that shareholders vote FOR the special resolution to approve the plan of arrangement (the �Arrangement�) between Trelawney and 2324010 Ontario Inc., a wholly-owned subsidiary of IAMGOLD Corporation (�IAMGOLD�), to be considered at the upcoming special meeting of shareholders of Trelawney to be held at 11:00 a.m. (Toronto time) on June 15, 2012, at the Toronto Board of Trade, 1 First Canadian Place, 3rd Floor, Toronto, Ontario, Canada.

Both ISS and Glass Lewis are independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.�  In its analysis, ISS said that:

�A vote FOR this proposed merger is warranted because of the sizable premium, the thorough sales process, and the fairness opinion which states the consideration is fair from a financial point of view.�*

Trelawney�s board of directors has recommended that shareholders vote

FOR the Arrangement

Shareholders are reminded to vote their proxy FOR the Arrangement prior to the proxy voting deadline of Wednesday, June 13, 2012 at 11:00 a.m. (Toronto time).

The completion of the proposed Arrangement is subject to a number of customary conditions, including approval of the Ontario Superior Court of Justice and the receipt of all necessary shareholder and regulatory approvals.�  On May 17, 2012, an advance ruling certificate was received from the Commissioner of Competition with respect to the Arrangement and on May 29, 2012, the Company received conditional approval (subject to customary conditions) from the TSX Venture Exchange with respect to the Arrangement.

Shareholders are encouraged to review the management information circular of Trelawney dated May 15, 2012 (the �Circular�), which provides a detailed discussion of the Arrangement.�  A copy of the Circular and related documents have been mailed to Trelawney shareholders, holders of Trelawney options, the holder of Trelawney warrants and holders of Trelawney Augen Acquisition Corp. warrants.�  Copies of the Circular and related documents can be obtained via SEDAR (www.sedar.com) or by contacting Laurel Hill Advisory Group toll-free at 1-877-452-7184 or at 416-304-0211 or by email at assistance@laurelhill.com.

How to Vote

Shareholders may vote by delivering a completed proxy or voting instruction form to Trelawney�s transfer agent, Equity Financial Trust Company, in the envelope provided (at 200 University Avenue, Suite 400, Toronto, Ontario, M5H 4H1) or by fax to 416-595-9593 or online at www.voteproxyonline.com by no later than 11:00 a.m. (Toronto time) on June 13, 2012 (or no later than 48 hours, excluding Saturdays, Sundays and holidays, before any reconvened meeting if the meeting is adjourned or postponed)..�  It is recommended that shareholders vote by fax or online as time is of the essence.� 

If you have any questions about the information contained in the Circular or require assistance with voting your shares, please contact the Company�s Proxy Solicitor, Laurel Hill Advisory Group, at the contact information set forth above.

*Permission to quote from the ISS report was neither sought nor obtained.

Trelawney is a Canadian junior mining and exploration company with a focus on Archean gold deposits.�  The Company�s current focus is directed towards the continued exploration and development of the Côté Lake Deposit, located in Chester Township, 20 kilometres southwest of Gogama, Ontario.

For further information contact:
Greg Gibson, President and CEO
416-363-8567 or ggibson@trelawneymining.com

Neither the TSX Venture Exchange nor its Regulation Services Provided (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



SnapMail is a Service of www..RMC.mobi
Trelawney Mining and Exploration Inc.
130 King Street West, Suite 2810
Toronto Ontario Canada
M5X 1A4

Tel: 416-363-8567
Email: info@trelawneymining.com
Web: www.trelawneymining.com
 
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Data and Statistics for these countries : Canada | All
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Trelawney Resources Inc.

DEVELOPMENT STAGE
CODE : TRR.V
CUSIP : 988914 10 7
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Trelawney is a gold exploration company based in Canada.

Its main asset in development is CHESTER ONE in Canada and its main exploration properties are MASSEY, MISHI, DORSET PROJECT and COTE LAKE in Canada.

Trelawney is listed in Canada and in United States of America. Its market capitalisation is CA$ 583.5 millions as of today (US$ 568.8 millions, € 452.6 millions).

Its stock quote reached its lowest recent point on April 09, 2009 at CA$ 0.01, and its highest recent level on July 15, 2011 at CA$ 5.91.

Trelawney has 177 366 000 shares outstanding.

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Financings of Trelawney Resources Inc.
5/17/2011Announces Filing of Preliminary Prospectus
5/10/2011Announces $50.0 Million Bought Deal Public Offerin
Nominations of Trelawney Resources Inc.
2/7/2012Announces Appointment of V.P. Environmental & Sust
7/4/2011Announces Appointment of Officers and Grant of Sto
Project news of Trelawney Resources Inc.
6/12/2012Intersects 316.00 Metres of 1.38 G/T Gold and 312.
5/15/2012Intersects 155.00 Metres Of 1.31 g/t Gold And 115.
4/10/2012Files NI 43-101 Technical Report and Resource Esti
3/5/2012Intersects 212.00 Metres of 2.09 g/t Gold from Inf
2/25/2012Announces Updated Resource of 5.9 Million Ounces I
2/14/2012Intersects 165.00 Metres of 1.20 g/t Gold at C=C3=B4t=C3=A9
12/6/2011intersects 583.00 metres of 0.77 g/t gold at C=C3=B4t=C3=A9
10/15/2011Commences Compulsory Acquisition of Augen Gold Cor
9/19/2011Intersects 93.00 Metres of 1.68 g/t Gold from Cont
9/10/2011Completes Acquisition of 21.6% Interest in Claim 2
8/29/2011Intersects 356.00 Metres of 1.35 g/t Gold from Con
8/26/2011MINING AND EXPLORATION INC. AND AUGEN GOLD CORP.
7/27/2011Uncovers New Exposure of C=C3=B4t=C3=A9 Lake Mineralization
6/20/2011Intersects 337.00 Metres of 0.94 g/t Gold at C=C3=B4t=C3=A9
5/30/2011(Chester One)Intersects 170.20 Metres of 1.01 g/t Gold Extends
4/4/2011Trelawney Intersects 304.00 Metres of 1.65 g/t Gold in 200=E...
3/7/2011(Cote Lake)Announces Initial Mineral Resource Estimate of 4.2 Million O...
2/26/2011Trelawney Announces Acquisition of Chester Mining Claims and
2/25/2011(Chester One)Announces Acquisition of Chester Mining Claims and Geologica...
2/14/2011(Cote Lake)Preliminary Metallurgical Testwork Yields Excellent Results ...
2/8/2011(Chester One)Intersects 243.10 Metres of 1.31 g/t Gold at the C
1/25/2011(Dorset Project)Intersects 95.40 Metres of 1.85 g/t Gold at the Co
Corporate news of Trelawney Resources Inc.
6/6/2012ISS And Glass Lewis Recommend That Trelawney Shareholders
3/29/2012Enters into Restated Amending Agreement on the Che
3/1/2012Trelawney Enters into Option Agreement with Falcon Gold to A
1/10/2012President Greg Gibson presenting at Dahlman Rose C
11/28/2011Completes Previously Announced Offering
11/24/2011at 2011 San Francisco Hard Assets Investment Confe
9/23/2011announces expiry of bid and additional tender of A
9/13/2011Announces that 87% of Augen Gold Corp. Shares have
8/11/2011provides update on offer for Augen Gold Corp.
8/9/2011Secures Additional Lock-up Agreements; 57% of Auge
7/28/2011Mails Offer Circular and Letter to Shareholders
7/11/2011Announces Intention to Make an Offer to Acquire Augen Gold C...
4/1/2011recognized as a TSX Venture 50 company
12/1/2010Provides Chester Project Exploration Update
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