Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Concerned Shareholder Of Auro Resources Receives Support From ISS

David Elliott, Concerned Shareholder of Auro Resources Corp. (NNGVF.PK, ARU.V), said Sunday that ISS Proxy Advisory Services, an independent international corporate governance analysis and proxy advisory firm, has issued a report recommending that its clients vote the GREEN proxy for the Dissident Nominees for the board of directors of the company at the annual general and special meeting of shareholders of the company to be held on January 3, 2013.

In making its recommendation, ISS considered whether David Elliott, the Concerned Shareholder, made a compelling case that the change in management is warranted.

In its recommendation, ISS cited that the current board clearly lacks independent oversight, which raises concerns about self-dealing of current directors as evidenced by dissident allegations against current management; The proposed new board comprising the Dissident Nominees will be wholly independent; Three of the Dissident Nominees appear to have sophisticated experiences in mining.

Click here to receive FREE breaking news email alerts for Aurelian Resources Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August. Following the rally seen in the previous session, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 38 points. The terrorist group known as the Islamic State in Iraq and the Levant (ISIL) is earning about $1 million each day by smuggling oil out of the Middle East, according to the US Treasury Department. Speaking at the Carnegie Endowment for International Peace on Thursday, Under Secretary for Terrorism and Financial Intelligence David Cohen said "ISIL has raised a significant amount of its money - many
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.