VANCOUVER, BRITISH COLUMBIA - April 25, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (
TSX.V:SVL) (
NYSE MKT: SVLC) (
CW5.F)
("SilverCrest" or the "Company") announces it will hold its annual
general meeting of shareholders at 10:00am PDT on June 11, 2013 at the
Metropolitan Hotel Vancouver, 645 Howe Street, in Vancouver, BC. May 6,
2013 has been fixed as the record date for determining shareholders
entitled to vote at the meeting.
SilverCrest also announces the approval by its Board of Directors
of an advance notice policy. This requires advance notice to the Company
where nominations of persons for election to the Board of Directors are
made by shareholders other than pursuant to the requisition of a
meeting or a shareholder proposal. The purpose of the policy is to
provide shareholders, directors and management of SilverCrest with a
clear framework for nominating directors of the Company. This will
ensure that all shareholders receive adequate notice of the director
nominations and sufficient information regarding all director nominees,
facilitate an orderly and efficient shareholders' meeting and allow
shareholders to register an informed vote after having been afforded
reasonable time for appropriate deliberation.
The advance notice policy fixes a deadline by which holders of
record of common shares of the Company must submit director nominations
in writing to the Company prior to any annual or special meeting of
shareholders at which directors are proposed for election, and sets
forth the information that a shareholder must include in the notice to
the Company. No person will be eligible for election as a director of
SilverCrest unless nominated in accordance with the advance notice
policy.
Notice to the Company must be provided not less than 30 days and
not more than 65 days prior to the date of an annual general meeting
provided, however, in the event the annual general meeting is to be held
on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice
may be provided not later than the close of business on the 10th day
following such public announcement.
In the case of a special meeting of shareholders which is not also
an annual meeting, notice to the Company must be made not later than the
close of business on the 15th day following the date on which the first
public announcement of the date of the special meeting was made.
For the upcoming annual meeting of shareholders, any notice
delivered to the Company prior to the close of business on May 10, 2013
shall be deemed to have been timely delivered.
The advance notice policy is effective immediately and will be
placed before shareholders for approval at the annual meeting on June
11, 2013. The full text of the policy is available under the Company's
profile at www.sedar.com and on the Company's website. The advance
notice policy will remain in effect unless amended or rejected by
shareholders at the meeting.
The Board of Directors has also adopted a majority voting policy
for the election of directors in uncontested elections. Under this
policy, if a nominee does not receive the affirmative vote of at least
the majority of votes cast, the Director shall promptly tender a
resignation for consideration by the Corporate Governance and Nominating
Committee and the Board. The Corporate Governance and Nominating
Committee shall consider the resignation and recommend to the Board the
action to be taken with respect to such offered resignation, which may
include: accepting the resignation, maintaining the Director but
addressing what the Corporate Governance and Nominating Committee
believes to be the underlying cause of the withheld votes, resolving
that the Director will not be re-nominated in the future for election,
or rejecting the resignation and explaining the basis for such
determination. The Corporate Governance and Nominating Committee in
making its recommendation, and the Board in making its decision, may
consider any factors or other information that they consider appropriate
and relevant.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC)
is a Canadian precious metals producer headquartered in Vancouver, BC.
SilverCrest's flagship property is the 100%-owned Santa Elena Mine,
located 150 km northeast of Hermosillo, near Banamichi in the State of
Sonora, Mexico. The mine is a high-grade, epithermal gold and silver
producer, with an estimated life of mine cash cost of US$8 per ounce of
silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500
tonnes per day facility should recover approximately 4,805,000 ounces of
silver and 179,000 ounces of gold over the 6.5 year life of the open
pit phase of the Santa Elena Mine. A three year expansion plan is
underway to double metals production at the Santa Elena Mine and
exploration programs are rapidly advancing the definition of a large
polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the
meaning of Canadian securities legislation and the United States
Securities Litigation Reform Act of 1995. Such forward-looking
statements concern the Company's anticipated results and developments in
the Company's operations in future periods, planned exploration and
development of its properties, plans related to its business and other
matters that may occur in the future. These statements relate to
analyses and other information that are based on expectations of future
performance, including silver and gold production and planned work
programs. Statements concerning reserves and mineral resource estimates
may also constitute forward-looking statements to the extent that they
involve estimates of the mineralization that will be encountered if the
property is developed and, in the case of mineral reserves, such
statements reflect the conclusion based on certain assumptions that the
mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors which could cause actual
events or results to differ from those expressed or implied by the
forward-looking statements, including, without limitation: risks related
to precious and base metal price fluctuations; risks related to
fluctuations in the currency markets (particularly the Mexican peso,
Canadian dollar and United States dollar); risks related to the
inherently dangerous activity of mining, including conditions or events
beyond our control, and operating or technical difficulties in mineral
exploration, development and mining activities; uncertainty in the
Company's ability to raise financing and fund the exploration and
development of its mineral properties; uncertainty as to actual capital
costs, operating costs, production and economic returns, and uncertainty
that development activities will result in profitable mining
operations; risks related to reserves and mineral resource figures being
estimates based on interpretations and assumptions which may result in
less mineral production under actual conditions than is currently
estimated and to diminishing quantities or grades of mineral reserves as
properties are mined; risks related to governmental regulations and
obtaining necessary licenses and permits; risks related to the business
being subject to environmental laws and regulations which may increase
costs of doing business and restrict our operations; risks related to
mineral properties being subject to prior unregistered agreements,
transfers, or claims and other defects in title; risks relating to
inadequate insurance or inability to obtain insurance; risks related to
potential litigation; risks related to the global economy; risks related
to the Company's status as a foreign private issuer in the United
States; risks related to all of the Company's properties being located
in Mexico and El Salvador, including political, economic, social and
regulatory instability; and risks related to officers and directors
becoming associated with other natural resource companies which may give
rise to conflicts of interests. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in
the forward-looking statements. The Company's forward-looking statements
are based on beliefs, expectations and opinions of management on the
date the statements are made. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be
a comprehensive review of all matters and developments concerning the
Company. It should be read in conjunction with all other disclosure
documents of the Company. The information contained herein is not a
substitute for detailed investigation or analysis. No securities
commission or regulatory authority has reviewed the accuracy or adequacy
of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.comwww.silvercrestmines.com570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
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Q1 2013 Santa Elena Expansion Plan Update:
Full news:
More info on AEMD: 
On a consolidated basis, the Company's revenues for the quarter
ended March 31, 2013 was approximately $2.2 million, an increase of over
300% compared to the first quarter 2012 consolidated revenues of
approximately $536,000. Further, the Company's first quarter 2013
represented a 45% increase over the Company's fourth quarter 2012
revenues of approximately $1.65 million.