Central Iron Ore Limited
TSX VENTURE : CIO

Central Iron Ore Limited

December 01, 2010 08:30 ET

Central Iron Ore Announces Results of AGM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2010) - 

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CENTRAL IRON ORE LIMITED (TSX VENTURE:CIO) (the "Company") is pleased to announce that its Annual General Meeting was held on November 30, 2010. At the meeting, shareholders received the audited consolidated Financial Statements and Management Discussion & Analysis of the Company for the fiscal year ended June 30, 2010 including the auditors' report and resolved to:

  1. Re-elect Mr Andrew Spinks as a director of the Company;
  2. Re-elect Mr Bruce Burrell as a director of the Company;
  3. Re-elect Mr David Taylor as a director of the Company;
  4. Re-elect Mr Brett Hodgins as a director of the Company;
  5. Re-elect Mr Richard Homsany as a director of the Company;
  6. Approve the appointment of Canadian Auditors, Davidson & Company;
  7. Approve the ratification of the option plan; and
  8. Approve the issue of Tranche 2 shares and Tranche 2 Warrants to Brooklyn Bay Pty Ltd and Golden Sword Investments Pty Ltd.

Full details of the resolutions passed are contained in the Notice of Meeting and the Management Information Circular. Details of proxies received are contained in Schedule 1.

Central Iron Ore Limited (CIO) is an exploration and development company engaged in the search for and development of iron ore and gold in Australia. Both of our gold properties, Eureka and British King are 100% owned, NI43-101 compliant and are capable of producing a positive cash flow from gold sales in the first twelve months of operation. Central Iron Ore has commenced its iron ore strategy by applying for iron ore tenements in the Yilgarn Iron Ore Province.

On behalf of the Board of Directors

CENTRAL IRON ORE LTD.

Andrew Spinks, President/CEO 

SCHEDULE 1
 
Central Iron Ore Limited
 
November 30, 2010
           
Total votes reported 17,099,849 65.89%    
             
Total shares issued and outstanding 25,950,718      
             
      For Against/
Withhold
% For %
Against
    Resolution 1: Directors        
  1.1 Election of A. Spinks 16,875,136 224,713 98.69% 1.31%
  1.2 Election of B. Burrell 16,875,186 224,663 98.69% 1.31%
  1.3 Election of D. Taylor 16,875,136 224,713 98.69% 1.31%
  1.4 Election of B. Hodgins 16,875,186 224,663 98.69% 1.31%
  1.5 Election of R. Homsany 16,875,186 224,663 98.69% 1.31%
Resolution 2: Appointment of Canadian Auditors, Davidson & Company     
    
Total 17,099,849 0 100.00% 0.00%
Resolution 3: Ratification of Stock Option Plan        
Total 16,897,136 202,713 98.81% 1.19%
Resolution 4. Issue of Shares and Warrants to Brooklyn Bay Pty Ltd and Golden Sword Pty Ltd*     
    
Total 12,097,136 2,713 99.98% 0.02%
*2.5m shares held by Golden Sword Resources and 2.5m held by Brooklyn Bay have not been included in the vote for motion #4.

ABN: 32 072 871 133

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