All resolutions submitted to shareholders were approved. Each of the decisions is explained in detail in the Management Information Circular published following the Meeting. It is available for reference on the company’s website pureenergyminerals.com.
A total of 10,700,467 common shares, representing approximately 31.50% of the Company’s outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favor:
- Reappointment of Baker Tilly WM LLP as the Company’s auditors;
- The number of directors was set at five, with the following five nominees elected as directors: Marceau Schlumberger, Daniel Barnosky, Yuwei Hong, Cameron Hosie and William Morton; And
- Approval of the company’s new long-term incentive plan.
“On behalf of the Board, I would like to thank shareholders for their participation and continued support,” said William Morton, President and CEO.
About pure energy
Pure Energy Minerals is a lithium resources company that has consolidated a land position at its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources. The Company entered into an Earn-In Agreement with Schlumberger Technology Corp., a subsidiary of SLB (formerly Schlumberger Limited), on May 1, 2019, under which the Company granted SLB an option, in favor of SLB, to acquire all of the Company’s interests in the Clayton Valley Project.
On behalf of the Board of Directors,
“William Morton“
President and CEO, Pure Energy Minerals Limited
Cautionary Statements and Forward-Looking Information
This press release contains certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the Company’s management regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “might”, “would”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release and include, without limitation, statements about the expected benefits of Mr. Morton’s financial leadership and investment expertise, and the Company’s plans to develop its resources and create shareholder value.
In making the forward-looking statements in this press release, the Company has applied certain material assumptions, including, but not limited to, that the Company will successfully advance the development of its resources and that such efforts will result in the creation of shareholder value.
These forward-looking statements involve numerous risks and uncertainties, and actual results may differ materially from those suggested in any forward-looking statements. These risks and uncertainties include that the Company will not promote the development of its resources and that the Company will not create shareholder value.
Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company undertakes no obligation to update any forward-looking statements, forward-looking information or financial prospects incorporated herein by reference, except in accordance with applicable securities laws. We are looking for a safe haven.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278741
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