North Lily Mining Co. holding annual meeting
DENVER--(BUSINESS WIRE)--Nov. 7, 1996--On Oct. 25, 1996, North Lily
Mining Co. (NASDAQ:NLMC) commenced its annual shareholders' meeting.
Due to the absence of a quorum with regard to certain matters on the
meeting agenda, it was decided to adjourn completion of the meeting to
10 a.m., Denver time, on Nov. 22, 1996, at the Colorado National Bank,
5th Floor, 918 17th St., Denver.
The company did receive a quorum of proxies and requisite approval on
certain major items on the agenda. Some of the other important matters
on the agenda still require additional proxies for the quorum necessary
to most favorably position the reorganized company for financing of
existing projects and potential acquisitions.
Therefore, shareholders, particularly those who hold stock in "street
name," are urged to turn in their proxies on all agenda items now.
Meanwhile, company management is diligently pursuing joint venture
opportunities and projects of merit in order to seek to maximize
shareholder value.
CONTACT: North Lily Mining Co., Denver
Steve Flechner or Gene Webb, 303/294-0427 |
