Stillwater Acknowledges Notice of Intent from Clinton Group to Nominate Directors

Stillwater Mining Company (NYSE:SWC, TSX:SWC.U) confirmed that it has received the notice of intent from Clinton Group Inc., which owns a 1.1% share of the company, to nominate 8 director candidates in the company’s Annual Shareholders Meeting.

As quoted in the press release:

Stillwater’s management and a sub-set of its Board recently met with Clinton at Clinton’s request to discuss their public letter dated December 20, 2012. Stillwater has separately analyzed the points raised in Clinton’s letter with its Board and outside advisors. Stillwater notes that Clinton has minimal experience in the mining industry and has failed to recognize the significant positive momentum in Stillwater’s business.

Click here to read the full Stillwater Mining Company (NYSE:SWC, TSX:SWC.U) press release.