Mount Kellett Capital Management LP (“Mount Kellett”) today issued the following statement in response to the tactically motivated and unfounded complaint filed by Baja Mining Corp. (TSX:BAJ) (OTCQX: BAJFF) (“Baja”) with the British Columbia Securities Commission on February 23rd, 2012, regarding Mount Kellett:
“This filing is entirely without merit and is nothing more than a transparent attempt by Baja to use frivolous legal proceedings to distract Baja shareholders from the real issue at hand: the self-dealing and web of conflicts of the management and board of Baja. Mount Kellett has complied fully with all Canadian securities laws.
“Mount Kellett remains resolved in our efforts to nominate two highly qualified shareholder nominees to the Baja board. We look forward to the support of Baja shareholders at the special shareholders’ meeting on April 3, 2012.”
About Mount Kellett Capital Management LP
Mount Kellett is a multi-strategy private investment firm focused on global value, special situations and opportunistic investing. The firm has approximately 100 employees with offices in New York, Hong Kong, London, and Mumbai. The firm currently has in excess of $6 billion in assets under management.