VANCOUVER, BC, Sept. 21, 2020 /CNW/ - Euromax Resources
Ltd - (TSX: EOX): ("Euromax" or the
"Company") is pleased to report that all resolutions
proposed, as set out in the Notice of Meeting dated 14 August 2020, were duly passed at its Annual
General Meeting held in Skopje,
North Macedonia on Friday, September 18, 2020.
At the Meeting, each of the individuals nominated by management
for election as a director of the Company were duly elected and the
number of directors of the Corporation was fixed at five (5) in
accordance with the Corporation's Articles. The results are as
follows:
|
Name of
Nominee
|
Vote
For
|
%
|
|
James Burke
|
181,612,593
|
99.93%
|
|
Martyn Konig
|
181,650,093
|
99.95%
|
|
Tim
Morgan-Wynne
|
181,717,181
|
99.99%
|
|
Nicolas
Treand
|
181,334,681
|
99.78%
|
|
Ivan Vutov
|
181,262,668
|
99.74%
|
As a result of Varshan Gokool's resignation, effective
August 31, 2020, Mr. Gokool was not
included in the management slate of director nominees put forward
at the Meeting.
Re-Appointment of Auditors
BDO LLP were re-appointed as auditors of the Corporation, to
hold office until the next annual general meeting of Shareholders,
and the directors were authorized to fix their remuneration.
The Board & Management wishes to express its thanks to all
shareholders for their support.
Board Appointments
Euromax is also pleased to announce that Stanislav Delchev has been appointed as a
Non-Executive Director of the Company.
Mr. Delchev joins the Board of Directors and takes the position
as Director nominated by Galena Resource Equities Limited and is
currently Deputy Finance Director in Geotechmin OOD and Director in
Geotechmin Services EOOD. Before joining the Geotechmin Group, Mr.
Delchev had more than 15 years of experience in the audit practice,
whereby 2 years spent in KPMG office in the Channel Islands and 6
years in KPMG office in Bulgaria.
Mr. Delchev holds a Master's degree from University of National and
World Economics for Accounting and Control, and he is a Fellow
member of the Association of Chartered Certified
Accountants (ACCA) in UK.
The Company further announces that the following members have
been appointed to the Board Committees:
Audit Committee
Stanislav Delcev (Chair), James
Burke and Martyn Konig
Compensation Committee
Martyn Konig (Chair),
Tim Morgan-Wynne and James Burke
Technical Committee
Greg Morris (Chair), Patrick Forward and Vladislav Trashliev
About Euromax Resources Ltd.
Euromax has a major development project in North Macedonia and is focused on building and
operating the Ilovica-Shtuka copper-gold project.
Forward-Looking Information
This news release contains statements that are
forward-looking, such as those relating to results of operations
and financial condition, capital spending, financing sources,
commodity prices, mineral resources and property evaluation plans
and programmes. Forward-looking statements are frequently
characterised by words such as "plan", "expect", "project",
"intend", "believe", "anticipate" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates
of management at the dates the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The
forward-looking statements contained in this document are as of the
date of this document, and are subject to change after this date.
Readers are cautioned that the assumptions used in the preparation
of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. Euromax
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE Euromax Resources
