Mosquito Reminds Shareholders of Deadline to Vote Gold Proxy to Protect Their Investment
(via Thenewswire.ca)
Vote your GOLD proxy immediately to ensure that it is received by no later than Friday, October 12, 2012 at 2:00 p.m. (Vancouver time)
VANCOUVER, October 9, 2012 - Mosquito Consolidated Gold Mines Ltd. ("Mosquito" or the "Company") (TSX-V: MSQ) today reminded shareholders of the fast-approaching proxy voting deadline, and urged shareholders to ensure that their completed GOLD proxy is received by no later than Friday, October 12, 2012 at 2:00 p.m. (Vancouver time). Mosquito is pleased by the support it has received to date but reminds shareholders that the final outcome may be close so every proxy is important, regardless of how many shares you hold. Mosquito also reminds shareholders that the last proxy that is voted is the one that will be counted. If a shareholder previously voted the other proxy, supporting management on the later-dated proxy will override the previous vote.
Separating the fact from fiction
During this proxy contest, Mosquito has endeavored to provide shareholders with facts and has left the rhetoric and red herrings to the other side. Mosquito's communications can be viewed at www.mosquitogold.com.The dissident record is clear:
-Dissident shareholder Hongxue Fu is trying to take control of Mosquito. Mr. Fu controls a significant portion of Mosquito's shares and has pursed a scheme to build a 33% position in Mosquito. Dissident shareholder Dykes called Mr. Fu's scheme a "non-starter" and a "double standard." The dissidents have tried to ignore this smoking gun and are hoping that shareholders overlook it as well,
-Leading independent international corporate governance and analysis and proxy voting firms Institutional Shareholder Services ("ISS") and Glass, Lewis & Co., both recommended that shareholders vote FOR Mosquito's director nominees on the GOLD proxy. In making their recommendations, the proxy firms noted the unsubstantiated nature of the dissidents' allegations and the disproportionate control of the Board that they are seeking.
Vote FOR Mosquito's director nominees using only the GOLD proxy
For assistance in voting your Shares, please contact Mosquito's Proxy Solicitation Agent, Georgeson at: 1-866-413-8828 or by email: askus@georgeson.com.
Special Meeting
The Special Meeting is scheduled for Tuesday, October 16, 2012 at the Vancouver Convention Centre, West Meeting Rooms 205-7, 1055 Canada Place, Vancouver, B.C. V6C 0C3 at the hour of 2:00 p.m. (Vancouver time).
About Mosquito Consolidated Gold Mines Limited
Mosquito Consolidated Gold Mines Limited is a mining exploration and development company with a diverse portfolio of high potential precious and base metals projects, located in low political-risk environments in North America. The Company's primary focus is developing its Idaho-based CUMO project, one of the world's largest molybdenum deposits with significant copper, silver and tungsten by-products. For more information about the company, please visit www.mosquitogold.com and www.CUMOproject.com.
For further information contact:
Shareholders:
Georgeson
Telephone: 1-866-413-8828
Email: askus@georgeson.com
Media:
Trevor Zeck
Longview Communications Inc.
(604) 694-6037
Joel Shaffer
Longview Communications Inc.
(416) 649-8006
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