VANCOUVER, British Columbia, Sept. 28, 2012 /PRNewswire/ -- Lori McClenahan, President of St. Elias Mines Ltd. (SLI – TSX:V) (Frankfurt Exchange: EKL) (U.S. Clearing Symbol: SELSF) ("St. Elias" or the "Company") announced today that she and the Company have filed a Petition in the Supreme Court of British Columbia looking to identify certain anonymous individuals posting various comments on on-line bulletin boards that the Company views as false and defamatory. By means of this Court process, St. Elias and McClenahan are seeking an Order that will compel disclosure of identifying information for these anonymous individuals. This step is a necessary precursor for defamation litigation. "St. Elias encourages open and honest communications. However, it will not sit by idly while anonymous persons spread misinformation about the Company and its executives on-line" stated Lori McClenahan. "This misinformation is damaging to St. Elias. The Company can and will take appropriate legal steps to address this." For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada) or contact: U.S. Investor Relations ConsultantHerbert HaftThe Haft Group, Inc.Tel: (212) 759-8865Email: email@example.com@aol.comST. ELIAS MINES LTD.(signed " Lori McClenahan")Lori McClenahan, President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement SOURCE St. Elias Mines Ltd.
Shares of SL Industries (AMEX:SLI) have taken a tremendous swing upward. The stock is trading at $26.13 as of 9:30 a.m. ET, 21% above Friday's closing price of $21.60. Volume is at 10,200, 2.5 times the daily average of 4,000.