Moly Mines Ltd. (TSX: MOL) (ASX: MOL) has received overwhelming support of the proposed investment package of Hanlong Mining Investment Pty Ltd. The company received 97% of proxies voting in favor of the financing package. Moly Mines shareholders approval marks another completion of the US$200 million debt and equity subscription of Hanlong in Moly Mines.
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Moly Mines Limited (Moly Mines) is engaged in the exploration and development of base and precious metals projects. The principal activity of the Company during the fiscal year ended June 30, 2009, was the exploration, evaluation, and development of the Company’s Spinifex Ridge Molybdenum Project and the Spinifex Ridge Iron Ore Project.
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