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Exhibit 99.1

 

 

MCEWEN MINING AND MCEWEN MINING — MINERA ANDES ACQUISITION CORP.

ANNOUNCE RESULTS OF THEIR ANNUAL GENERAL MEETINGS

 

TORONTO, ONTARIO - (June 1, 2015) - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen Mining”) and McEwen Mining — Minera Andes Acquisition Corp. (TSX: MAQ) (“ExchangeCo”) are pleased to announce the results of their annual general meetings held on May 28, 2015.  McEwen Mining reports that Robert McEwen, Allen Ambrose, Michele Ashby, Leanne Baker, Richard Brissenden, Gregory Fauquier, Donald Quick and Michael Stein were elected as directors of McEwen Mining.  The shareholders of McEwen Mining also approved the compensation of McEwen Mining’s named executive officers (“Say-on-Pay”), the amendment and restatement of the US Gold Equity Incentive Plan, and re-appointed KPMG LLP as auditors.  ExchangeCo. reports that Nathan Stubina was elected as a director.

 

Detailed voting results for the re-election of directors of McEwen Mining are as follows:

 

Nominee

 

For

 

Withheld

 

Percentage
For

 

Percentage
Withheld

 

Robert R. McEwen

 

126,443,250

 

793,759

 

99.4

%

0.6

%

Allen V. Ambrose

 

125,228,239

 

2,008,769

 

98.4

%

1.6

%

Michele L. Ashby

 

126,413,700

 

823,308

 

99.4

%

0.6

%

Leanne M. Baker

 

126,360,887

 

876,121

 

99.3

%

0.7

%

Richard W. Brissenden

 

104,942,587

 

22,294,421

 

82.5

%

17.5

%

Gregory P. Fauquier

 

126,045,078

 

1,191,930

 

99.0

%

1.0

%

Donald R.M. Quick

 

126,438,212

 

798,796

 

99.4

%

0.6

%

Michael L. Stein

 

126,437,109

 

799,900

 

99.4

%

0.6

%

 

ExchangeCo. is a subsidiary of McEwen Mining and was formed to facilitate the acquisition of Minera Andes Inc. in 2012.  In connection with this acquisition, ExchangeCo. issued exchangeable shares to holders of Minera Andes shares.  The exchangeable shares are convertible on a one-for-one basis at any time into shares of McEwen Mining.  Holders of exchangeable shares also vote on the same matters as holders of McEwen Mining common shares and their votes are included in the above results.

 

Detailed voting results for the election of the director of ExchangeCo. are set out below:

 

Nominee

 

For

 

Withheld

 

Percentage
For

 

Percentage
Withheld

 

Nathan M. Stubina

 

2,444,855

 

155,287

 

94.0

%

6.0

%

 

 

McEwen Mining Inc.  |  June 1, 2015

 

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GRAPHIC

 

ABOUT MCEWEN MINING (www.mcewenmining.com)

 

The goal of McEwen Mining is to qualify for the S&P 500 by creating a high growth gold/silver producer focused in the Americas. McEwen Mining’s principal assets consist of the San José mine in Santa Cruz, Argentina (49% interest), the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico, the Gold Bar project in Nevada, USA, and the Los Azules copper project in San Juan, Argentina.

 

As of May 28, 2015 McEwen Mining has an aggregate of 300,530,174 shares of common stock outstanding and issuable upon the exchange of the exchangeable shares. Rob McEwen, Chairman and Chief Owner, owns 25% of the shares of the Company (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares).

 

For further information contact:

 

 

 

Mihaela Iancu
Investor Relations
Tel: 647-258-0395 ext 320
info@mcewenmining.com

 

Company website:
www.mcewenmining.com

 

Christina McCarthy
Director of Corporate Development
Tel: 647-258-0395 ext 390
corporatedevelopment@mcewenmining.com

Facebook: facebook.com/mcewenrob
Twitter: twitter.com/mcewenmining

Mailing Address
150 King Street West
Suite 2800,P.O. Box 24
Toronto, Ontario, Canada
M5H 1J9

Tel: 647-258-0395
Toll Free: 866-441-0690
Fax: 647-258-0408

 

McEwen Mining Inc.  |  June 1, 2015

 

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