Resolution to Extend Expiration Date of Warrants Passed at Pacific Rim Annual and Special General Meeting
27 Agosto 2009 - 4:54PM
Marketwired
Pacific Rim Mining Corp. ("Pacific Rim" or the "Company") (TSX:
PMU)(NYSE Amex: PMU) announces that at its Annual and Special
General Meeting of shareholders, held in Vancouver, Canada on
Wednesday August 26, 2009, a resolution to extend the expiry date
of certain share purchase and finders' warrants was passed by a
majority of shareholder votes cast.
The warrants were issued in conjunction with a private placement
financing undertaken by the Company that closed on February 29,
2008 (the details of which are available in the Company's news
release #08-05 available on its website www.pacrim-mining.com or at
SEDAR www.sedar.com) and consist of 6,711,000 share purchase
warrants and 350,350 finders' warrants. As per the resolution
approved at the Company's Annual and Special General Meeting, the
expiry date of these warrants was extended from August 29, 2009 to
August 29, 2010. A total of 846,000 of the warrants are held by
insiders of the Company as disclosed in the Company's Information
Circular dated July 22, 2009.
About the Company
Pacific Rim is an environmentally and socially responsible
exploration company focused exclusively on high grade,
environmentally clean gold deposits in the Americas. Pacific Rim's
primary asset and focus of its growth strategy is the high grade,
vein-hosted El Dorado gold project in El Salvador. The Company owns
several similar grassroots gold projects in El Salvador and is
actively seeking additional assets elsewhere in the Americas that
fit its project focus. Pacific Rim's shares trade under the symbol
PMU on both the Toronto Stock Exchange ("TSX") and the NYSE Amex
("NYX"). All references to "Pacific Rim" or "the Company" encompass
the Canadian corporation, Pacific Rim Mining Corp, and its U.S. and
Salvadoran subsidiaries, Pac Rim Cayman LLC, Pacific Rim El
Salvador, S.A. de C.V., and Dorado Exploraciones, S.A. de C.V.,
inclusive.
On behalf of the board of directors,
Thomas C. Shrake, President and CEO
Forward-Looking Information
Information set forth in this document may involve
forward-looking statements. By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond Pacific Rim's control, including: the eventual
expiry date of the warrants; the status of the Company's
exploration projects; and, the focus of its project generation
efforts. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking information.
Pacific Rim's actual results, programs and financial position could
differ materially from those expressed in or implied by these
forward-looking statements. Readers are urged to thoroughly review
the Company's Risks and Uncertainties as outlined in its 2009
Annual Report.
The TSX and the NYX have neither reviewed nor accept
responsibility for the adequacy or accuracy of this release.
Contacts: Pacific Rim Mining Corp. Barbara Henderson
604-689-1976 or 1-888-775-7097 604-689-1978 (FAX)
general@pacrim-mining.com www.pacrim-mining.com
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