NYSE MKT
MGN

Mines Management, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Mines Management, Inc. (NYSE MKT: MGN) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Mines Management, Inc. (“Mines Management” or the “Company”) (NYSE MKT: MGN) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Hecla Mining Company (“Hecla”) (NYSE: HL).

Under the terms of the agreement, shareholders of Mines Management will receive 0.2218 shares of Hecla for each share of Mines Management they own.  Based on Hecla’s closing stock price on May 23, 2016, Mines Management shareholders would have received compensation valued at approximately $0.94 per share.

The investigation concerns whether Mines Management’s board of directors failed to adequately shop the Company and obtain the best possible value for Mines Management’s shareholders before entering into an agreement with Hecla.  According to Yahoo! Finance, at least one analyst has issued a price target for Mines Management stock at $4.00 per share.

If you own the common stock of Mines Management and purchased your shares before May 24, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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