Minera IRL Sets New Date for Postponed Holder Meeting
December 07 2015 - 5:18AM
Dow Jones News
By Alex MacDonald
LONDON--South American precious metals miner Minera IRL
Ltd.(MIRL.LN) Monday reset the date for its delayed extraordinary
shareholders' meeting to Dec 16 in Toronto.
The meeting, which was requestioned by certain shareholders
seeking to revamp the company's board, was to be held on Nov 26 but
was adjourned after the company became aware of irregularities in
the way the shareholder vote was being conducted, Minera said.
The Canada-based company has been mired in a tussle with Diego
Benavides, its former interim chief executive, for control of its
two Peruvian operating subsidiaries. The tussle prevented Minera
from publishing its interim results earlier this year and led to a
suspension of its London shares in September.
Minera, which is 19% owned by Anglo-Australian mining giant Rio
Tinto PLC (RIO), has put in motion legal processes to oust Mr.
Benavides from his position as manager of the two subsidiaries
without success.
Mr. Benavides, along with a group of other Minera investors,
have instead called for an extraordinary meeting at the parent
company to revamp the latter's board and install Mr. Benavides as a
board member.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
December 07, 2015 05:03 ET (10:03 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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