Cline Mining Corporation

Cline Mining Corporation

August 08, 2013 10:39 ET

Cline Mining Corporation: Updated Information Circular for Forthcoming Annual General Meeting

TORONTO, ONTARIO--(Marketwired - Aug. 8, 2013) - Cline Mining Corporation ("Cline" or the "Company") announced today that it is updating the disclosure in its Management Information Circular (the "Circular") dated July 15, 2013 with respect to its annual general shareholders' meeting (the "Meeting") to be held in Toronto, Ontario on August 15, 2013.

Subsequent to the mailing of the Circular, each of Dale Hendrick and Daniel Veniez have resigned and will not be standing for re-election as directors of Cline. Mark Haywood has resigned as Chairman of the Board, and been appointed President & Chief Executive Officer. Additionally, the Board of Directors have appointed Sandra Rosch as its new Chairman.

The Company's President & Chief Executive Officer, Mr. Mark Haywood stated that "We express our gratitude to Dale for his many years of service to Cline as its professional geologist residing on the Board. We also thank Dan for his contributions to Cline over the last few months during the initial restructuring phase of the Company, and welcome Sandra as our new Chairman of the Board of Directors as I now move to the CEO role after completing the primary restructuring goals."

Management are also proposing that Ms. Rosch be added to the list of nominee directors to be considered by the shareholders at the Meeting. Sandra will be part of Cline's management slate for election in the upcoming Meeting.

Shareholders may continue to use the form of proxy that has been mailed to them for the Meeting. If shareholders do not indicate a contrary preference, management of the Company will vote "for" the election of Mark Haywood, Vincent (James) Sardo and Sandra Rosch to the Board of Directors of Cline.

An addendum to the Circular (the "Addendum") is available under the Company's profile at www.sedar.com.

About Cline

Cline is a Canadian mining company focused on the maintenance and development of its 100% owned New Elk coking coal mine located in Colorado, U.S.A. The Company also has interests in metallurgical steel making coals in Canada, an iron ore project in Madagascar, and the Cline Lake gold property in northern Ontario, Canada. With a head office in Toronto and site offices at the mine, Cline is led by a management and operations team with over 100 years of exploration and mining experience.

For further details on Cline, please refer to Cline's web site (www.clinemining.com) and Cline's Canadian regulatory filings on SEDAR at www.sedar.com.

Contact Information

  • Cline Mining Corporation
    Mark Haywood
    President & Chief Executive Officer
    +1 (416) 504-7600

    Cline Mining Corporation
    Paul Haber
    Chief Financial Officer & Corporate Secretary
    +1 (416) 504-7600

    Cline Mining Corporation
    Corporate office
    Heritage Building
    181 Bay Street, Toronto, Ontario, M5J 2T3
    info@clinemining.com
    www.clinemining.com