February 18, 2011 Vancouver, BC � Continental Minerals Corporation (TSX-V:KMK, OTCBB:KMKCF) (�Continental� or the �Company�) announces that it has delayed by 10 days the formal shareholders vote on the statutory Plan of Arrangement with Jinchuan Group Ltd (�Jinchuan�). The vote was scheduled for February 18 and is required as a principal condition for Jinchuan�s proposed acquisition of 100% of Continental, as described in the Company�s news releases of September 17 and December 20, 2010. Delaying the vote was necessitated by the need to clear certain remaining US Securities and Exchange Commission requirements. The Company is also advised by Jinchuan that it has obtained the key Chinese National Development and Reform Commission approval and believes that the other required Chinese regulatory approvals are in process and will be issued in the near future.
The vote is currently rescheduled for 2 pm Vancouver time, Monday, February 28, 2011 at the same location as disclosed in the proxy materials filed at www.sedar.com. Securityholders who have voted in favour and wish to continue to do so need do nothing further. Securityholders continue to have the right to revoke or change their vote prior to the commencement of the adjourned meeting. It is possible that materials containing some additional information will also be posted on SEDAR; however, if this happens it will be publicly announced. Proxies received to date from securityholders are overwhelmingly in favour of the transaction.
Jinchuan is a large China-based mining group and will be acquiring Continental through a statutory plan of arrangement process, which is subject to the terms and conditions of an Arrangement Agreement filed on SEDAR. The transaction values the common equity of Continental at approximately C$431 million�
To view this news release in its entirety please click on the link below or copy and paste it into your web browser�
http://www.continentalminerals.com/kmk/NewsReleases.asp?ReportID=443396
If you have any questions do not hesitate to contact us as provided below.
Best Regards,
Investor Services
HDI
1020-800 West Pender Street, Vancouver BC V6C 2V6
Toll Free 1-800-667-2114 | Main 1-604-684-6365
info@hdimining.com | www.hdimining.com
If you no longer wish to be on Continental�s email distribution list, simply reply to this email with �� in the subject line.
To be removed from all of HDI�s email lists please reply to this email with �Remove All� in the subject line. Other HDI affiliated companies include Amarc, Anooraq, Continental, Constantia, Curis, Heatherdale, Northcliff, Northern Dynasty, Rathdowney, Rockwell, and Taseko. Visit us at www.hdimining.com for more�K�� information.
�Notice Regarding Transmission
This message is intended only for the person(s) to whom it is addressed and may contain information that is privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination or copying of this communication is prohibited. Please notify us of the error in communication by telephone (604-684-6365) or by return e-mail and destroy all copies of this communication. Please note that any views or opinions presented in this email are solely those of the author and do not necessarily represent those of Hunter Dickinson Inc. or any affiliated or associated company. The recipient should check this email and any attachments for the presence of viruses. Neither Hunter Dickinson Inc. nor any affiliated or associated company accepts any liability for any damage caused by any virus transmitted by this email.. Thank you.�
|
Continental Minerals Corporation
|
|
EN DÉVELOPPEMENT |
CODE : KMK.V |
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Continental Minerals est une société développant des projet miniers d'argent et de cuivre basée au Canada. Continental Minerals est en développement de projets d'argent, de cuivre et d'or en Chine. Son principal projet en développement est XIETONGMEN en Chine et son principal projet en exploration est NEWTONGMEN en Chine. Continental Minerals est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 399,7 millions CA$ (420,8 millions US$, 283,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 03 décembre 2002 à 5,20 CA$, et son plus bas niveau récent le 30 décembre 2003 à 0,20 CA$. Continental Minerals possède 154 331 000 actions en circulation. |