Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
RIMOUSKI, QUEBEC–(Marketwire – Sept. 9, 2011) – Puma Exploration (TSX VENTURE:PUM) is pleased to announce that all resolutions were approved by shareholders of the Society at its August 26, 2011 Annual and Special Meeting of Shareholders. This included the election of directors, appointment of auditors, approval of an updated stock option plan, and approval shareholders rights plan. The terms and conditions of the shareholders rights plan and stock option plan is available on the circular at www.sedar.com.
The shareholders elected Marcel Robillard, André Proulx, Richard Thibault and Anne Slivitzky to the Board of Directors. The Officers of the Society, as appointed by the Board of Directors, are Marcel Robillard (President, CEO), Karl McLellan (CFO), Ginette G. Brisson (Secretary-Treasurer). The Board of Directors has reappointed André Proulx as Chairman of the Board.
Management would like to thank Andre de Guise and Clément Duchesne outgoing directors, for services rendered during their tenure.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced projects in precious and base metals in Canada. The Society’s major projects are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba.
Current work at Nicholas-Denys
A major trenching and stripping program is underway at Nicholas-Denys. The first target to be tested is a coincident geophysical (InfiniTEM and IP) and geochemical Ag-Pb-Zn soil anomaly over a strike length of 3.1 km. The other targets include a total of twelve geophysical anomalies that were identified from the InfiniTEM® 2010 ground survey (EM-01 to EM-12) covering 3.5 km of favourable structural features from the Shaft to Henry lenses. Most of these geophysical anomalies are associated with surface soil geochemical Ag-Pb-Zn anomalies. 2,000 meters of trenches have been dug so far and the program has been extended for an additional 3,000 meters. Samples have been sent to the laboratory to be analysed for precious and base metals and the results are pending.
Learn more by clicking here: www.pumaexploration.com
And visit our blog page at: www.pumaexploration.blogspot.com
You can also find us at: www.facebook.com/pumaexploration
The contents of this press release were prepared by Marcel Robillard, a Qualified Person as defined in NI 43-101.
