PacificOre dissidents say company is withholding list 12th April 2013 VanadiumCorp News Releases VANCOUVER, BRITISH COLUMBIA -2013-04-12 Mr. Wim Bakker of the concerned shareholders reports CONCERNED SHAREHOLDERS DENIED ACCESS TO REGISTERED LIST OF SHAREHOLDERS, REGISTERED SHAREHOLDERS DENIED RIGHT TO VOTE FOR CHANGE Shareholders of PacificOre Mining Corp., please take notice that the concerned shareholders of the company mailed their information circular yesterday to shareholders holding shares in Canadian brokerage accounts who have requested to receive proxy materials. The concerned shareholders will be mailing their dissident information circular today to shareholders in the United States who hold shares in U.S. brokerage accounts. In order to mail to registered shareholders, being those holding share certificates, the concerned shareholders have requested from the company a list of registered shareholders. While the company is required to “promptly” provide such information upon request according to the Business Corporations Act (British Columbia), the board of directors of PC has failed to provide such. Whether this is an attempt to deny registered shareholders the right to vote for change or management trying to entrench itself, the concerned shareholders contend this is further evidence that change is necessary. Management cannot deny shareholders the right to vote for change. While management has failed to file its proxy materials with the regulatory authorities, the concerned shareholders have filed their dissident information circular and related materials with regulators. Shareholders wishing to review these documents can find them at SEDAR under the company’s profile. Further, registered shareholders wishing to vote for change can find a green proxy and vote for change by downloading a copy of the proxy at SEDAR, then signing, dating and returning the proxy no later than 2 p.m. (Vancouver time) on Wednesday, April 24, 2013, or in the case of any adjournment or postponement of the AGM, not less than 48 hours, excluding Saturdays, Sundays and holidays, prior to the time fixed for the reconvened annual general meeting to Computershare Trust Company of Canada (transfer agent for the company): By fax: 1-866-249-7775 (in North America) or 1-416-263-9524 (outside North America) By mail: Computershare Trust Company of Canada, attention proxy unit, 9th floor, 100 University Ave., Toronto, Ont., M5J 2Y1 Management continues to operate the business in its own best interests, incurring $247,980 in administrative expenses while $46,085 was spent on exploration during the first quarter of 2013. Even more egregious is the fact that the board of directors saw fit to grant the company’s chief executive officer a raise from $16,500 per month to $19,500 per month, according to its first-quarter filings, an almost 20-per-cent increase, while shareholder value is being destroyed. Further, the board of directors of Pro Minerals, all of them also directors of the company, have not only wiped out any value in Pro Minerals, their related-party interests continue costing the company, with further charges for bad debts of $55,500 in the first quarter without any explanation. The concerned shareholders can’t let the current management and board destroy the company as they did Pro Minerals. Vote for change. We seek Safe Harbor. Share This Tweet Share Share Email Related Posts PacificOre Mining closes $800,000 private placement PacificOre Mining Corp. is pleased to announce that it has closed its private placement financing announced on September 12, 2013 and October 2, 2013 by issuing a total of 16 million units for gross proceeds of $800,000 Phase II Production Trials Completed VanadiumCorp is pleased to announce the completion of Phase II production trials at Electrochem Technologies & Materials Inc. PacificOre dissidents requisition meeting As a result of the board of PacificOre Mining Corp.'s failure to call a shareholders "meeting as soon as it can," coupled with its application to the registrar in Victoria to extend the deadline to hold its annual general meeting until Aug. 30, 2013, the concerned shareholders advise that they have requisitioned a shareholders meeting under Section 167 of the Business Corporations Act (British Columbia).