CALGARY,
AB, Dec. 15, 2022 /CNW/ - North Peak
Resources Ltd. (TSXV: NPR) (the "Company" or "North
Peak") announces that following its agreement to forego all
option rights over the Black Horse property (see Sept. 1, 2022 press release), the Company
confirms that Minex LLC has returned 1.25 million common shares and
those shares have been returned to treasury and cancelled. The
Company now has 22,584,451 common shares issued and
outstanding.
AGM Results
The Company is pleased to announce that shareholders approved
all resolutions at the annual and special meeting of shareholders
of the Company held on December 6,
2022 (the "Meeting"). At total of 7,648,197 common
shares, or 32.09% of the issued and outstanding common shares of
the Company were represented at the Meeting.
The resolutions approved at the Meeting were as follows:
- The resolution to fix the number of directors of the Company
for the ensuing year at seven (7) members was approved with
5,904,972 common shares represented at the Meeting voting in favour
of the resolution, representing 99.65% of the votes cast in respect
of this resolution.
- The resolution to re-appoint the seven (7) current directors of
the Company to serve until the next annual meeting of shareholders
of the Company, or until their successors are elected or appointed,
was approved and each of the nominee directors received the
following votes for their election: Brian
Hinchcliffe, 5,873,030 representing 99.11% of the votes cast
in respect of this nominee; John
Thomson, 5,883,860 representing 99.29% of the votes cast in
respect of this nominee; Rob Suttie,
5,872,460 representing 99.10% of the votes cast in respect of this
nominee; Mike Sutton, 5,883,810
representing 99.29% of the votes cast in respect of this nominee;
Chelsea Hayes, 5,873,630
representing 99.12% of the votes cast in respect of this nominee;
Gordon Chmilar, 5,880,452
representing 99.24% of the votes cast in respect of this nominee;
and Leni Keough, 5,883,260
representing 99.28% of the votes cast in respect of this nominee
.
- The resolution to appoint Clearhouse LLP as auditors of the
Company for the ensuing year and to authorize the directors of the
Company to fix the auditors' remuneration was approved with
7,544,514 common shares represented at the Meeting voting in favour
of the resolution, representing 98.64% of the votes cast in respect
of this resolution.
- The resolution to approve the Company's stock option plan was
approved with 5,800,847 common shares represented at the Meeting
voting in favour of the resolution, representing 97.89% of the
votes cast in respect of this resolution.
About North Peak
The Company is a Canadian based gold exploration and development
company that is listed on the TSX Venture Exchange under the symbol
"NPR". The company is focused on acquiring historic sites,
with low cost producing gold and other
metals properties, with near term production potential
and 8+ year mine life in the northern hemisphere.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS: This news release includes certain
"forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, the the plans, intentions, beliefs, and current
expectations of the Company with respect to the future business
activities and operating performance of the Company that may be
described herein. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such information can generally be identified by the use of
forwarding-looking wording such as "may", "expect", "estimate",
"anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. Readers are cautioned not to place
undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which
they are based will occur.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, estimates, forecasts, projections and other
forward-looking statements will not occur. These assumptions, risks
and uncertainties include, among other things, the state of the
economy in general and capital markets in particular,
accuracy of assay results, geological interpretations from
drilling results, timing and amount of capital expenditures;
performance of available laboratory and other related services,
future operating costs, and the historical basis for current
estimates of potential quantities and grades of target zones,
as well as those risk factors discussed or referred to in the
Company's Management's Discussion and Analysis for the year ended
December 31, 2021, and the period
ended June 30, 2022 available at
www.sedar.com, many of which are beyond the control of the Company.
Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement.
The forward-looking statements contained in this press
release are made as of the date of this press release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on
the expectations of, or statements made by, third parties in
respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE North Peak Resources Ltd.
