Silvermet Announces Change of Date for Annual & Special Meeting of Shareholders
8 King Street East, Suite 1700 Toronto, Ontario, Canada M5C 1B5 Telephone: (416) 203-8336 Facsimile: (416) 368-5146
SILVERMET ANNOUNCES CHANGE OF DATE FOR ANNUAL & SPECIAL MEETING OF SHAREHOLDERS
TORONTO, June 21, 2010: Silvermet Inc. (“Silvermet” or the “Company”) (TSXV: SYI) announced today that the Annual and Special Meeting of Shareholders of Silvermet Inc. that was to be held on June 29, 2010 will be postponed to Tuesday, August 31, 2010.
“We have spent the past year establishing our operations in Turkey and we now believe the time is right to aggressively pursue our growth strategy. To this end, discussions are under way with various potential new investors in the Company who would provide the financial support for our growth. We believe that such discussions may lead to an investment which could require shareholder approval,” said Stephen G. Roman, Silvermet’s CEO.
The Board of Silvermet has determined that it would be best to postpone the meeting for a short period of time. Management will provide additional information in due course.
About Silvermet:
Silvermet’s Waelz kiln operations in Iskenderun, Turkey have been operating since mid- May to recover zinc contained in the Electric Arc Furnace Dust (“EAFD”) that is produced as a waste product by local steel mills.
For further information, please contact:
Stephen G. Roman, Chairman, President & CEO Silvermet Inc.
Tel: (416) 203-8336
Website: www.silvermet.ca
Maurice Dagenais John Boidman Tel: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com
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Caution concerning forward-looking statements: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raised additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events except as may be required under applicable securities laws. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.