Southern Legacy Reports on the Annual and Special Meeting of
Shareholders Held December 7, 2012, Appointment of Corporate
Secretary and Grant of Options
TORONTO, ONTARIO -- (Marketwire) -- 12/11/12 -- Southern Legacy
Minerals Inc. ("Southern Legacy" or the "Company") (TSX VENTURE:LCY)
is pleased to announce that all proposed resolutions, including all
director nominees, were approved by 99.9% of the vote cast at the
Company's Annual General and Special Meeting of Shareholders (the
"Meeting") held on December 7th.
The Rights Plan, recently approved by the Company's Board of
Directors and the TSX Venture Exchange, was presented for
ratification at the Meeting and approved. The Rights Plan will be in
effect until the close of the Company's 2015 annual general meeting.
Board Members Elected
Messrs Fernando Pickmann, Andres Milla, Anthony Hawkshaw, John E.
Larson, Paulo Bilezikjian and Darryl Jones were elected to the Board
of Directors of the Company.
Southern Legacy's President and CEO, Fernando Pickmann said: "I would
like to thank the shareholders for participating at the Meeting.
Shareholders can expect commitment, focus and dedication from
management to successfully advance our AntaKori project".
Appointment of Corporate Secretary and Grant of Options
In addition, the Company is pleased to announce the appointment of
Jo-Anne Archibald of DSA Corporate Services Inc., as Corporate
Secretary. The Company has granted 25,000 stock options to Ms.
Archibald, vesting immediately at an exercise price of $0.45 expiring
on November 26, 2016.
About Southern Legacy Minerals Inc.
Southern Legacy Minerals Inc. ("Southern Legacy") (TSX VENTURE:LCY)
is an exploration company with a portfolio of copper and gold
projects in South America. Southern Legacy is currently focused on
advancing its flagship copper and gold AntaKori project (formerly
known as Sinchao), located in northern Peru between Gold Fields'
Cerro Corona and Buenaventura-Southern Copper's Tantahuatay mines.
The project currently has a NI 43-101 compliant inferred resource
estimate of 294 Mt with average copper and gold grades of 0.48% and
0.36 g/t, respectively, containing 3.1 Blbs of copper and 3.4 Mozs of
gold, at an average copper equivalent grade of 0.92%.
Forward Looking Statement:
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, purchase payments,
estimated future production and estimated costs of future production
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of metals and
minerals, the actual results of current exploration, development and
mining activities, changes in project parameters as plans continue to
be evaluated, as well as those factors disclosed in the documents of
the Company filed from time to time with the British Columbia
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Southern Legacy Minerals Inc.
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