Carlisle Goldfields Limited

Carlisle Goldfields Limited

July 21, 2009 16:07 ET

Carlisle Goldfields Limited Updates Shareholders

TORONTO, ONTARIO--(Marketwire - July 21, 2009) - Carlisle Goldfields Limited (the "Company") announces that management has prepared a management information circular dated July 17, 2009 and a proxy (collectively, the "Meeting Materials") in respect of the special meeting of the shareholders of the Company requisitioned by certain dissident shareholders and scheduled to be held on July 31, 2009 at 4:00 pm in Toronto. The Meeting Materials have been filed by the Company on SEDAR at and are being mailed to shareholders. Management is nominating a new slate of nominees for election as directors of the Company at the special meeting in opposition to the slate proposed by the dissident shareholders. Shareholders are encouraged to complete and return their proxies at their earliest opportunity and no later than the deadline set out therein.

Further to the delisting review undertaken by the Toronto Stock Exchange ("TSX") and as previously announced in the TSX press release dated June 16, 2009, the common shares of the Company were delisted from the TSX as at the close of the market on July 16, 2009. The Company could not meet certain TSX continuing listing requirements, including the minimum market capitalization required by the TSX. The Company has filed on SEDAR the appropriate notice under its continuous disclosure obligations.

About Carlisle Goldfields Limited

Carlisle Goldfields Limited, a Canadian-based Gold Exploration and Development company, is focused on its 20,000 hectare land position in the Lynn Lake Greenstone Belt of Manitoba where the Company has defined reserves of 412,000 ounces of gold. The primary target is the former producing MacLellan Gold Mine where the Company is working towards a re-commencement of production.

Contact Information

  • Carlisle Goldfields Limited
    Carl McGill
    President & Chief Executive Officer