Moly Mines Reports Results of General Meeting and Director Changes
TORONTO, ONTARIO--(Marketwired - Oct 28, 2013) - Moly Mines Ltd. (ASX:MOL)(TSX:MOL) (the "Company") held a General Meeting of shareholders today. Prior to the meeting the Company received resignations from directors Mr Michael Braham and Mr David Craig, to take effect at the end of the General Meeting, As a result resolution 1, for the removal of Mr Michael Braham as director, and resolution 2, for the removal of Mr David Craig as a director, were withdrawn. The Company reports the following results of meeting:
| 1) | Removal of Mr Michael Braham as a Director | |||
| The instructions given to validly appointed proxies in respect of the resolution were as follows: | ||||
| For | Against | Abstain | Proxy's discretion | |
| 207,814,507 | 4,918,120 | 41,156 | 860,542 | |
| The motion was withdrawn | ||||
| 2) | Removal of Mr David Anthony Craig as a Director | |||
| The instructions given to validly appointed proxies in respect of the resolution were as follows: | ||||
| For | Against | Abstain | Proxy's discretion | |
| 207,794,698 | 4,921,282 | 57,503 | 860,842 | |
| The motion was withdrawn | ||||
| 3) | Election of Mr Bruno Camarri AM as a Director | |||
| The instructions given to validly appointed proxies in respect of the resolution were as follows: | ||||
| For | Against | Abstain | Proxy's discretion | |
| 207,917,686 | 4,637,671 | 190,023 | 888,945 | |
| The motion was carried as an ordinary resolution on a poll the details of which are: | ||||
| For | Against | Abstain | ||
| 207,917,686 | 5,113,738 | 254,023 | ||
| 4) | Election of Mr Peter Mansell as a Director | |||
| The instructions given to validly appointed proxies in respect of the resolution were as follows: | ||||
| For | Against | Abstain | Proxy's discretion | |
| 207,924,027 | 4,632,330 | 189,023 | 888,945 |
| The motion was carried as an ordinary resolution on a poll the details of which are: | ||||
| For | Against | Abstain | ||
| 207,924,027 | 5,108,397 | 253,023 | ||
As a result of the passing of Resolutions 3 and 4 put to the meeting, Mr Bruno Camarri AM and Mr Peter Mansell were appointed as directors of the Company today.
ABN 32 103 295 521
Contact
Moly Mines Ltd.
Natalie Frame
Investor Relations
+1 416 777 1801
+1 416 371 7541
www.molymines.com