{"id":2204,"date":"2025-06-02T12:53:02","date_gmt":"2025-06-02T16:53:02","guid":{"rendered":"https:\/\/monteromining.com\/?p=2204"},"modified":"2025-06-02T12:53:02","modified_gmt":"2025-06-02T16:53:02","slug":"montero-to-hold-special-meeting-of-shareholders-to-approve-c15-million-distribution","status":"publish","type":"post","link":"https:\/\/monteromining.com\/staging\/5850\/montero-to-hold-special-meeting-of-shareholders-to-approve-c15-million-distribution\/","title":{"rendered":"Montero to hold Special Meeting of Shareholders to approve C$15 million Distribution"},"content":{"rendered":"<p><strong>Toronto, Ontario \u2013 June 2, 2025<\/strong> \u2013 Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (\u201c<strong>Montero<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d) reminds shareholders that a Special Meeting of Shareholders (the \u201c<strong>Meeting<\/strong>\u201d) will be held at 9:30am EDT on Wednesday, June 11, 2025, at the offices of Peterson McVicar LLP at 110 Yonge Street, Suite 1601, Toronto, Ontario, Canada.<\/p>\n<p>&nbsp;<\/p>\n<p>Shareholders will vote on a proposed approximately C$15 million distribution, on a pro rata basis, through a reduction in stated capital (the \u201c<strong>Distribution<\/strong>\u201d). These funds represent part of the net proceeds from the Company\u2019s US$27 million settlement with the United Republic of Tanzania, which resolved the dispute over the expropriation of the Wigu Hill rare earth element project.<\/p>\n<p>&nbsp;<\/p>\n<p>The Company\u2019s management information circular dated May 7, 2025 (the \u201cCircular\u201d) outlines the details of the proposed Distribution. Shareholders are encouraged to vote in advance of the Meeting. To guarantee a vote is recorded, kindly submit the proxy by 9.30 am EDT on Monday, June 9, 2025, in accordance with the instructions provided in the proxy form.<\/p>\n<p>&nbsp;<\/p>\n<p>The Circular, form of proxy and related meeting materials can be accessed on Montero\u2019s issuer profile on SEDAR+ at <a href=\"http:\/\/www.sedarplus.com\"><strong>www.sedarplus.com<\/strong><\/a> as well as Montero\u2019s website <a href=\"http:\/\/www.monteromining.com\"><strong>www.monteromining.com<\/strong><\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About Montero<\/strong><\/p>\n<p>Montero Mining and Exploration Ltd. is a Canadian exploration company with a focus on mineral development in emerging markets. The Company recently concluded a US$27 million settlement with the Government of Tanzania, bringing closure to the dispute over the expropriated Wigu Hill rare earth project.<\/p>\n<p>&nbsp;<\/p>\n<p>Montero holds the Avispa copper-molybdenum project in northern Chile and is currently advancing the project through exploration. The Company\u2019s board and management have a strong track record in discovering and developing precious metal and base metal projects.<\/p>\n<p>&nbsp;<\/p>\n<p>Montero is listed on the TSX Venture Exchange under the symbol MON and has 8,353,833 Common Shares and 741,667 stock options outstanding.<\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Toronto, Ontario \u2013 June 2, 2025 \u2013 Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (\u201cMontero\u201d or the \u201cCompany\u201d) reminds shareholders that a Special Meeting of Shareholders (the \u201cMeeting\u201d) will be held at 9:30am EDT on Wednesday, June 11, 2025, at the offices of Peterson McVicar LLP at 110 Yonge Street, Suite 1601, Toronto, &#8230; <a title=\"Montero to hold Special Meeting of Shareholders to approve C$15 million Distribution\" class=\"read-more\" href=\"https:\/\/monteromining.com\/staging\/5850\/montero-to-hold-special-meeting-of-shareholders-to-approve-c15-million-distribution\/\" aria-label=\"Read more about Montero to hold Special Meeting of Shareholders to approve C$15 million Distribution\">Read more<\/a><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1,8],"tags":[],"class_list":["post-2204","post","type-post","status-publish","format-standard","hentry","category-news","category-posts"],"acf":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/2204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/comments?post=2204"}],"version-history":[{"count":0,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/2204\/revisions"}],"wp:attachment":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/media?parent=2204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/categories?post=2204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/tags?post=2204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}