Message #3 From:
Stock News Bot Date: October 18, 2006 07:17:00 AM
CMAQ News China Mineral Acquisition Corp. Sets Meeting and Record Dates for Special Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--China Mineral Acquisition Corporation (OTCBB: CMAQ, CMAQU,CMAQW)
announced today that its Board of Directors has called a special meeting
of stockholders to be held on November 27, 2006, to consider and approve
the dissolution and liquidation of the Company. As previously announced,
the dissolution and liquidation is being proposed as contemplated by its
certificate of incorporation, since the two-year period for the Company
to complete a business combination has passed without one being
consummated.
The Board of Directors has set October 23, 2006, as the record date for
holders of China Mineral’s common stock
authorized to vote at the meeting.
Important information concerning the meeting will be contained in proxy
material which will be sent to stockholders in the near future.
Stockholders are urged to read those materials carefully.
About China Mineral: Based in New York City, China Mineral was
incorporated in March 2004 as a “blank check”
company to identify and acquire an operating business having operations
in the People's Republic of China. China Mineral raised approximately
US$21.3 million (net) in an August 2004 initial public offering of four
million units at US$6.00 per unit, each consisting of one share of
common stock and two redeemable common stock purchase warrants having an
exercise price of US$5.00. Approximately US$20.4 million of the IPO
proceeds was placed in a trust account maintained by an independent
trustee, which, together with interest, will be returned to current
holders of China Mineral common shares originally issued in its IPO. No
payments will be made in respect of China Mineral’s
outstanding warrants or in respect of shares held by the Company’s
pre-IPO stockholders.
