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General Shareholders Meeting
2013-10-24

Peter Walsh, Chairman and fellow Director and Acting CEO, Maurice O’Brien gave a full briefing on the issues confronting the Board and ultimately...


Peter Walsh, Chairman and fellow Director and Acting CEO, Maurice O’Brien gave a full briefing on the issues confronting the Board and ultimately the Company. A letter from the Ministry of Mines and Mining Development addressed to Tinker Mining (Pvt) Ltd received earlier in the day gave a conclusive figure to what was owed to renew the mining lease on the Montezuma property. The US$35,400 sum was considerably lower than figures obtained from our local contacts and conveyed to shareholders. Without revenue the group relies on shareholders to fund expenditure essential to protect and enhance its mineral assets and meet low operating costs annually. Commitments were received from shareholders to take up the Open Offer.