ISS Recommends Mosquito Shareholders vote for Incumbent Managements Proposed Director Slate
Dec 14, 2011
OTC Disclosure News Service
Vancouver, BC, Canada –
MOSQUITO CONSOLIDATED GOLD MINES LTD.
Tel: 604-689-7902 WWW.MOSQUITOGOLD.COM FAX: 604-689-7816
ISS Recommends Mosquito Shareholders vote for Incumbent Mangements proposed Director Slate
Vancouver, December 13, 2011 – Mosquito Consolidated Gold Mines Limited (Mosquito – TSX Venture: MSQ, OTC-QX: MQCMF) announced today that ISS Proxy Advisory Services, the independent global leader in proxy advisory consulting, has recommended that shareholders vote FOR Mosquito Incumbent management’s entire slate of eight nominees for the Company’s Board of Directors.
The Incumbent management’s slate is set out on the WHITE proxy card. ISS has recommended that shareholders “Do Not Vote” for the slate proposed on the blue proxy of the dissident shareholder group.
In its opinion in support of the incumbent management’s proposed board, ISS states that “On Balance, the board appears to be taking steps to execute a reasonable plan.” And they go on to state that they “believe that shareholders can give management more time to deliver on the project.” They also site the fact that “management has publicly committed to form key committees comprised entirely of independent directors.”
ISS also commented that “we believe management has raised a valid concern over the apparent lack of US-specific experience or American nominees on the dissident slate, which could be concern to shareholders considering that the company’s flagship property is in Idaho.” Finally, ISS states “the dissident plan is light on details and it is not clear that the dissident slate could necessarily be better able to create value.”
Protect our investment in Mosquito – Follow the recommendation of ISS:
Vote your white proxy and discard the email@example.com
Please discard any BLUE proxy or related materials you may have received from the Dissidents and vote using only the control number on Management’s proxy.
On Behalf of the Board
MOSQUITO CONSOLIDATED GOLD MINES LTD.
About Mosquito Consolidated Gold Mines
Mosquito Consolidated Gold Mines Limited is a mining exploration and development company with a diverse portfolio of high potential precious and base metals projects, located in North America. The Company’s primary focus is developing its Idaho-based CuMo project, one of the world’s largest molybdenum deposits. For more information, please visit www.mosquitogold.com
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE does not accept responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that express management’s expectation or estimates of future performance and may be deemed “forward-looking statements”. These forward-looking statements include plans, estimates, forecasts and statements as to management’s expectations regarding the CUMO Project. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be published by Mosquito may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.