Mines Management meeting under way

UPDATE: The Mines Management shareholders meeting was adjourned due to a lack of a quorum. The meeting will reconvene at 2 p.m. PDT Oct. 28 at the company's headquarters on 905 W. Riverside Ave., Suite 311, Spokane, Wash.

An Oct. 14 press release said 92 percent of votes cast during the meeting were in favor of the financing. The statement said the additional two weeks will give shareholders time to vote on the matter.

A meeting of Mines Management shareholders scheduled for 2 p.m. PDT is under way. Shareholders will be asked to vote on a financing maneuver known as full ratchet anti-dilution provision worth $3.6 million. The Western News will follow the results of the meeting.

Mines Management controls the Montanore Mine.