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Niobay Metals Inc V.NBY

Alternate Symbol(s):  NBYCF

Niobay Metals Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. It holds a 100% interest in the James Bay Niobium Project located 45 kilometers (KM) south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. The Company also holds a 72.5% interest in the Crevier Niobium and Tantalum projects located in Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company also has the option to acquire an 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec. The QTZ exploration project is northwest of its Crevier property and includes 257 mining claims. It holds interest in an Crevier niobium and tantalum project, located in Quebec, Canada. The Company’s wholly owned subsidiary is Crevier Minerals Inc.


TSXV:NBY - Post by User

Bullboard Posts
Post by ATLEVANon Jun 05, 2008 12:11pm
353 Views
Post# 15149078

news

news
MDN's Shareholders Approve the Shareholders Rights Plan

12:08 EDT Thursday, June 05, 2008
Print this article

MONTREAL, QUEBEC--(Marketwire - June 5, 2008) - At the annual and special meeting of the shareholders of MDN Inc. ("MDN") (TSX:MDN), held this morning in Montreal, the majority of the shareholders voted in favour of the recommendations of the Company's board of directors and management, as set out in the proxy circular dated May 6, 2008, namely:

- The creation of a shareholders' rights plan, which takes effect immediately;

- The modification of quorum at meetings of the Company's shareholders, which is decreased to 5% of the issued and outstanding shares;

- The reduction of the stated capital, which will allow MDN's board of directors the flexibility it needs to review its dividend policy during the current financial year. This measure does not at all affect the shareholders' equity or the Company's financial position and its day-to-day activities.

In addition, the shareholders elected the directors nominated in the proxy circular, namely: Serge Savard, Gil Playford, Louis-Marie Riopel, Jacques Bonneau, Raymond Legault and Paul-A. Girard who will once again serve as chairman of the board.

MDN is an exploration company with its head office in Montreal, Quebec. Its main exploration activities are carried out in Quebec and in Tanzania. In Quebec, MDN holds, in whole or in part, exploration assets in gold and base metals. In Tanzania, other than its 30% interest in the Tulawaka Gold Mine, MDN has a controlling interest in 28 mining permits around Tulawaka and in two other permits in the Ikungu sector.

FOR FURTHER INFORMATION PLEASE CONTACT:

MDNPaul-A. GirardPresident and CEO514-866-6500
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