Metropolitan Mining Inc.
TSX VENTURE : MNZ

Metropolitan Mining Inc.

July 07, 2011 09:00 ET

Metropolitan Mining Inc.: Matters Approved at July 6, 2011 Shareholders' Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Metropolitan Mining Inc. ("Metropolitan" or the "Company") (TSX VENTURE:MNZ) is updating shareholders with respect to the matters approved at the Annual General and Special Meeting of Shareholders (the "Meeting") held on July 6, 2011. All matters put before the shareholders at the Meeting were approved by 100% of the votes cast at the Meeting, voted in person or by proxy.

At the Meeting, Michael Thomson, Doug Good and Derek Thomson, former Corporate Secretary of Metropolitan until replaced by Michael Thomson immediately following the Meeting, were elected Directors of the Company. Management would like to thank Robb McNaughton, who did not stand for re-election at the Meeting due to his work commitments as a lawyer, for his service as a director for the last four months prior to the Meeting.

Amongst other matters passed at the Meeting, Metropolitan's shareholders passed a Special Resolution approving the consolidation of the shares of the Company on up to a 5 (old) for 1 (new basis) or such lesser whole or fractional number of pre-consolidation shares that the Directors, in their discretion, may determine. Also, the Board of Directors, at is discretion, was authorized to determine when any such consolidation may take place.

Metropolitan, a junior mining company, currently holds an interest in the Fruso Property, a copper/gold exploration property located in Salta, Argentina, pursuant to an option agreement with Argentine Frontier Resources Inc. and Salta Exploraciones S.A.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael G. Thomson, President, CEO, Corporate Secretary & Director

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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.

Contact Information

  • Metropolitan Mining Inc.
    Michael G. Thomson
    Director - President & CEO
    (604) 484-6628
    tsxthomson@gmail.com