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Baja Mining Corp. (TSX:BAJ,OTCQX:BAJFF) has received a letter dated December 16, 2011 from Mount Kellett Master Fund II A LP of New York, requisitioning a special meeting at which shareholders will be asked to approve the appointment of two Mt. Kellett nominees to the Board, either by replacing two incumbent Baja directors or by increasing the number of Baja directors to nine from seven.
As quoted in the press release:
The Company is considering this correspondence and will provide more information in due course. If the special meeting described in Mt. Kellett’s letter proceeds, management will provide shareholders with more information by way of a Management Information Circular in advance of the meeting, which shareholders should read carefully before reaching a decision with regard to their votes. In the meantime, there is no need for shareholders to take any action.
Click here to read the Baja Mining Corp. (TSX:BAJ,OTCQX:BAJFF) press releaseÂ
