Central Iron Ore Limited
TSX VENTURE : CIO

Central Iron Ore Limited

November 30, 2011 11:30 ET

Central Iron Ore Limited.: Results of Annual General and Special Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2011) -

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

Central Iron Ore Ltd. (TSX VENTURE:CIO) (the "Company") is pleased to announce that its Annual General Meeting was held on November 30, 2011. At the meeting, shareholders received the audited consolidated Financial Statements and Management Discussion & Analysis of the Company for the fiscal year ended June 30, 2011 including the auditors' report thereon and resolved to:

  1. Re-elect Mr Andrew Spinks as a director of the Company;
  2. Re-elect Mr David Taylor as a director of the Company;
  3. Re-elect Mr Brett Hodgins as a director of the Company;
  4. Re-elect Mr Richard Homsany as a director of the Company;
  5. Elect Mr Anthony Howland-Rose as a director of the Company;
  6. Approve the appointment of Davidson & Company, LLP Chartered Accountants, as Canadian auditors of the Company for the 2011-2012 financial year and
  7. Ratify the Company's stock option plan and the amendment thereto.

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.

On behalf of the Board of Directors

CENTRAL IRON ORE LTD.

Brett Hodgins, President/CEO

For further information, please contact: www.centralironorelimited.com

Schedule 1

Results of proxies are:

Resolution For Against Abstain Non Vote
1.1 Re-election of Andrew Spinks 924,867 5,000 0 660,350
1.2 Re-election of David Taylor 924,867 5,000 0 660,350
1.3 Re-election of Brett Hodgins 924,867 5,000 0 660,350
1.4 Re-election of Richard Homsany 924,867 5,000 0 660,350
1.5 Election of Anthony Howland-Rose 924,867 5,000 0 660,350
2 Appointment of Davidson & Company, LLP Chartered Accountants, as Canadian Auditors 1,585,217 5,000 0 0
3 Ratification of the Company's stock option plan and amendment thereto 924,867 5,000 0 660,350

ABN: 32 072 871 133

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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