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Continental Precious Minerals Inc. Announces Dismissal of Application by Dissident Group
Published : May 23, 2012
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TORONTO, ONTARIO--(Marketwire - May 23, 2012) - Continental Precious Minerals Inc. (News - Market indicators) (the "Company" or "Continental") is pleased to announce that the Company has received the decision on an application filed by a group of shareholders (Sajjad Ebrahim, Ali Ebrahim, Salman Ebrahim, Jatinder Dhillon and Rita Hoff) which application had sought a declaration that certain actions of the Company and its directors have been oppressive and unfairly disregards the interests of the applicants. The applicants sought an order of the court to call and hold a meeting of the shareholders of the Company for the purpose of electing directors, an order requiring the Company to pay the reasonable costs of proxy solicitation by and on behalf of the applicants and a declaration that the special quorum requirement set forth in the by-laws of the Company (that not less than 50% of the outstanding shares of the Company shall constitute a quorum for the purpose of electing or removing directors, changing the number of directors or amending the special quorum requirement) is invalid, together with other related relief. 

For reasons given in a 20 page decision, the Honourable Mr. Justice Brown of the Ontario Superior Court of Justice dismissed the application completely.

About Continental Precious Minerals Inc.

Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.



Continental Precious Minerals Inc.
Ed Godin
President & CEO
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
or
TMX / Equicom
Craig MacPhail
(416) 815-0700, ext. 290
cmacphail@equicomgroup.com

Continental Precious Minerals Inc.

EXPLORATEUR
CODE : CZQ.TO
ISIN : CA2119061026
CUSIP : 211906 10 2
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Continental Precious Min. est une société d’exploration minière de nickel et de palladium basée au Canada.

Continental Precious Min. détient divers projets d'exploration en USA, au Canada et en Suede.

Ses principaux projets en exploration sont MMS VICKEN et ABBORRVIKEN en Suede, CRATER OF DIAMONDS STATE PARK en USA et LAC ROCHER au Canada.

Continental Precious Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,3 millions CA$ (3,4 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 14 novembre 2008 à 0,23 CA$, et son plus haut niveau récent le 15 janvier 2010 à 8,82 CA$.

Continental Precious Min. possède 11 706 896 actions en circulation.

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Nominations de Continental Precious Minerals Inc.
23/07/2013Announces Resignation of Director
19/03/2013Announces the Appointment of Rana Vig to Its Board of Direct...
01/11/2012-Board Resignation
Projets de Continental Precious Minerals Inc.
31/03/2011(Lilljuthatten)Files NI 43-101 Technical Report on Lill-Juthatten Licence i...
18/03/2011(Mms Vicken)Announces Update on Metallurgical Testing of MMS Viken Sampl...
Communiqués de Presse de Continental Precious Minerals Inc.
15/10/2014Continental Precious Minerals Inc. Announces Results of Annu...
18/08/2014IIROC Trade Resumption - CZQ
18/08/2014IIROC Trading Halt - CZQ
14/05/2014Continental Precious Minerals Completes Flow-Through Financi...
14/04/2014Boxxer options DOK property in NW British Columbia
14/04/2014Continental Signs Option Agreement with Boxxer Gold Corp.
08/04/2014Continental Precious Minerals Inc. Completes Share Consolida...
30/10/2013-Litigation Update
30/07/2013Litigation Update
31/05/2013CEO and Former Director Seeks Golden Parachute Payment
17/04/2013February 28, 2013 Results
03/04/2013Releases Additional Assays From Viken
15/01/2013November 30, 2012 Results
23/10/2012on Metallurgical Testwork on Continental Precious Minerals' ...
02/08/2012Bioleaching Tests Commence on Continental Precious Minerals'...
23/05/2012Announces Dismissal of Application by Dissident Group
05/03/2012Update on Reduction of Net Profits Royalty Interest
27/02/2012Reduction of Net Profits Royalty Interest
22/02/2012Corporate Update
16/01/2012Shareholder Update
14/07/2011Granted 14 Additional Exploration Licences in Southern Swede...
24/06/2011Enters Into Land Lease at Its MMS Viken Licence in Sweden
20/04/2011Extends Compensation Options
04/03/2011Completes Resource Estimate On Lill-Juthatten Licence
23/02/2011Provides Corporate Update
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