TORONTO, ONTARIO--(Marketwire - June 21, 2011) - The principals of Bayfront Capital Partners (the "Concerned Shareholders") today filed a proxy circular (the "Dissident Circular") seeking the support of shareholders (the "Shareholders") of Midlands Minerals Corporation (the "Corporation") for the election of a new board of directors of the Corporation (the "Board") at the annual and special meeting of Shareholders to be held on June 28, 2011 (the "Meeting").
The Dissident Circular and the accompanying form of dissident proxy are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") under the Corporation's profile at www.sedar.com. The Concerned Shareholders urge Shareholders to vote for change.
Election of Concerned Shareholders' Board Nominees
The Concerned Shareholders are proposing the following six nominees for election to the Board:
Mike Berry – Principal of Bayfront Capital Partners with expertise in the financial services industry.
John Vettese – Partner at Cassels Brock & Blackwell LLP specializing in corporate finance and mergers and acquisitions in the metals and mining, agriculture and diversified industries sectors.
Mark J. Morabito – Founder and Chairman of Crosshair Exploration Corp., Chief Executive Officer, President and Director of Ridgemont Iron Ore Corp., President and Chief Executive Officer of EGM Exploration Group Management Corp., and President and Chief Executive Officer of Alderon Resource Corp.
Nicholas Tintor – Chief Executive Officer and President of Southern Andes Energy Inc., and Chief Executive Officer, President and Director of Caracara Silver Inc.
Anthony Wonnacott – Legal Consultant with expertise in the mining and resource industry.
Alain Vachon – Geologist and Vice President Exploration for Southern Andes Energy Inc., and Caracara Silver Inc.
The Concerned Shareholders believe that their nominees to the Board have the financial and operational experience and a proven track record to provide the Corporation with the leadership and strategic direction necessary to increase Shareholder value.
About the Meeting
The Meeting is scheduled to be held at the Toronto Board of Trade – Downtown Centre, 1 First Canadian Place, Suite 350, Toronto, Ontario, M5X 1C1, on Tuesday, June 28, 2011 at 11:00 a.m. (Toronto time).
Shareholders can review the Dissident Circular and accompanying form of dissident proxy via SEDAR under the Corporation's profile at www.sedar.com. The Concerned Shareholders urge Shareholders to vote for change using the dissident proxy.
Voting
Shareholders must submit the accompanying dissident proxy in sufficient time to ensure that votes are received by the Corporation's transfer agent, Equity Financial Trust Company, no later than 10:00 a.m. (Toronto time) on Thursday, June 23, 2011.
The Dissident Circular and the form of dissident proxy will be available to Shareholders on SEDAR through the Corporation's profile at www.sedar.com.
Shareholders with question, or requiring assistance to vote their shares may contact Robert Chalmers at 647.402.7552 orchalmers@bayfrontcp.com.
About Bayfront Capital Partners
Bayfront Capital Partners ("Bayfront") is an Exempt Market Dealer with a focus on advising and raising capital for junior mining companies. Within Bayfront's first year of operation, it successfully closed over 40 financing for junior companies. Bayfront's business plan is to provide an institutional discipline to the non-brokered private placement arena by brokering the financing and providing a marquee institutional base of investors. With a team of experienced professionals and a global network of institutional investors, Bayfront helps its clients create and sustain long term shareholder value.
Forward-Looking and Cautionary Statements
Information included in this press release may contain forward-looking statements. All statements, other than statements of historical fact, included in this press release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Concerned Shareholders expect or anticipate may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this press release not to place undue reliance on forward-looking statements contained in this press release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law and the ability to implement business strategies and pursue business opportunities. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Corporation's filings with applicable Canadian securities commissions, copies of which are available on SEDAR at www.sedar.com. We urge you to carefully consider those factors. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release are made as of the date of this press release and the Concerned Shareholders undertake no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.
There can be no assurance that Shareholders will realize increased returns in the event that the Concerned Shareholders' nominees are elected to the Board.
Contact Information:
647.402.7552
chalmers@bayfrontcp.com