VANCOUVER, British Columbia,
April 21, 2011 /PRNewswire/ --
Metalline Mining Company (TSX: MMZ, AMEX: MMG) ("Metalline") is
pleased to announce that all resolutions proposed at its annual
general meeting held on April 20,
2011 (the "Annual Meeting") were duly passed with an
overwhelming majority.
The shareholders have reappointed Tim
Barry, Dr. Murray Hitzman,
Dr. Nicole Adshead-Bell, and
Duncan Hsia as directors.
Brian Edgar has been reappointed
Chairman of Metalline. Also, Mr. Daniel
Kunz was newly appointed as a director of Metalline.
Mr. Kunz has over 30 years of experience in all areas of
engineering, management, accounting, finance and operations. Mr.
Kunz holds a Masters of Business Administration, Bachelor of
Science in Engineering Science and an Associate of Accounting
degree. Mr. Kunz has held positions in Ivanhoe Mines (President), MK Gold Company
(President & CEO) and Morrison Knudsen Corporation (Vice
President & Controller, and as CFO to the Mining Group).
At the conclusion of the meeting Greg
Hahn, Wesley Pomeroy and
Robert Kramer ceased serving as
directors. Metalline would like to thank Messrs. Hahn,
Pomeroy and Kramer for their years of service as directors of
Metalline.
The shareholders overwhelmingly approved the resolution to
change the name of Metalline to Silver Bull Resources, Inc.
Metalline has taken steps to effect the name change under state law
and the name change is expected to be reflected in the financial
markets and on the NYSE Amex and the Toronto Stock exchange in the
near future. A news release will be issued when the Company's
website is updated and new trading symbols are assigned to the
Company's common stock.
"We are pleased that our shareholders responded so positively to
the new name and we expect it to have a positive impact on investor
and market perception", said Tim
Barry, President &CEO.
Metalline has posted the corporate presentation from the Annual
General Meeting to the website at
http://www.metallinemining.com/s/Presentations.asp.
About Metalline Mining Company
Metalline Mining Company is focused on the acquisition,
exploration and development of mineral properties. Metalline
currently owns mineral concessions in the municipality of
Sierra Mojada, Coahuila, Mexico
and holds licenses in Gabon,
Africa. Metalline conducts its
operations in Mexico through its
wholly owned Mexican subsidiaries, Minera Metalin S.A. de C.V. and
Contratistas de Sierra Mojada S.A. de C.V. To obtain more
information on Metalline Mining Company, visit the web site at
www.metallinemining.com.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry,
MAusIMM
Chief Executive Officer, President and Director
Cautionary note regarding forward looking statements. This
news release contains forward-looking statements regarding future
events and Metalline's future results that are subject to the safe
harbours created under the Securities Act of 1933 (the "Securities
Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
These statements are based on current expectations, estimates,
forecasts, and projections about the industry in which Metalline
operates and the beliefs and assumptions of Metalline's management.
Words such as "expects," "anticipates," "targets," "goals,"
"projects," "intends," "plans," "believes," "seeks," "estimates,"
"continues," "may," variations of such words, and similar
expressions, are intended to identify such forward-looking
statements. In addition, any statements that refer to projections
of Metalline's future financial performance, Metalline's
anticipated growth and potential in its business and other
characterizations of future events or circumstances are
forward-looking statements. Such statements are subject to a number
of assumptions, risks and uncertainties, including such factors as
the volatility and level of commodity prices, currency exchange
rate fluctuations, uncertainties in cash flow, expected acquisition
benefits, exploration mining and operating risks, competition,
litigation, environmental matters, the potential impact of
government regulations, and other matters discussed under the
caption "Risk Factors" in our Annual Report on Form 10-K for the
fiscal year ended October 31, 2010
and subsequent periodic reports, many of which are beyond our
control. Readers are cautioned that forward-looking statements are
not guarantees of future performance and that actual results or
developments may differ materially from those expressed or implied
in the forward-looking statements.
SOURCE Metalline Mining Company