Moly Mines Limited (TSX:MOL)(ASX:MOL) announced that shareholders have supported the proposed investment package of Hanlong Mining Investment Pty Ltd, with 97% of proxies received voting in favor of the financing package.

The press release is quoted as saying:

Hanlong is a subsidiary of the China-based, privately-owned, Sichuan Hanlong Group Co. Moly Mines shareholder approval is another key step toward completing the US$200 million debt and equity subscription of Hanlong in Moly Mines.

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