For those who missed the latest news Global Minerals’ Circular and Proxy Voting Materials Sent to Shareholders
ancouver, B.C., May 21, 2015 – Global Minerals Ltd. (TSX V: CTG; Frankfurt: DFPM – “Global” or the “Company”) announces the information circular with detailed information on the proposed divestiture of its Strieborná Project in Slovakia, as announced on April 17, 2015, has been prepared and distributed to shareholders. The information circular is also available on SEDAR and on the Company’s website. The proposed transaction requires shareholder approval under British Columbia corporate law and TSX Venture Exchange rules and the Company is seeking shareholder approval for the transaction at an upcoming special shareholders meeting to be held on Tuesday, June 9, 2015 at 10:00 a.m. at the offices of the Company, Suite 615, 800 West Pender Street, Vancouver, British Columbia. Shareholders can also vote by proxy.
Management of the Company would like to reiterate that it can no longer afford to operate and retain the Strieborná Project. A vote in favor of the decision to divest the Project would leave the Project to a third party in order to meet our commitments to the local community and to provide the best outcome for our employees. A vote against would result in a protracted bankruptcy where no value is retained by any of the shareholders or stakeholders. This has been a difficult decision for the entire team at Global Minerals, who like you, are shareholders. With the current weak state of the capital markets and low silver prices, the Company could not find any other alternative.
For further information about Global, visit www.globalminerals.com, or contact Tim McCutcheon, CEO at info@globalminerals.com, 877.356.0674 FREE.