Prospero Shareholders Approve AGM Resolutions
July 07 2011 - 2:25PM
Marketwired
Prospero Silver Corp. (TSX VENTURE: PSL) (the "Company") is pleased
to announce that shareholders of the Company approved all
resolutions brought before them at the Company's Annual General
Meeting (the "AGM") held in Vancouver, British Columbia on June 27,
2011.
Election of Directors
The following board members stood for election and were duly
re-elected: Tawn Albinson, William Murray, Murray Oliver and John
Watson. As of the date of AGM, Warwick Smith was not re-elected and
Grant B. Bosworth was appointed in his place. As part of the
appointment of Grant B. Bosworth as a director of the Company, he
was granted 200,000 stock options, pursuant to the Company's Stock
Option Plan, at an exercise price of CDN $0.35. These stock options
have an expiry of five years from the time of issuance.
Other AGM Results
Dale Matheson Carr-Hilton Labonte LLP were re-appointed as
auditors of the Company for the ensuing year, and the directors
were authorized to fix the remuneration to be paid to the auditors.
Also, the Company Stock Option Plan (the "Plan") was approved and
the number of stock options to be granted under the Plan is a
rolling 10% of the number of outstanding issued common shares of
the Company, from time to time, less the number of outstanding
stock options.
About Prospero Silver Corp.:
Prospero is a Canadian resource company with the majority of its
staff based in Mexico and who work for its wholly owned subsidiary
Minera Fumarola, SA de CV (Fumarola). Prospero's objective is to
quickly evaluate the properties currently optioned for their
suitability to provide size potential and also their amenability to
early production on all or part of an ore body.
Cautionary Statement:
This news release contains forward-looking statements within the
meaning of the Canadian provincial securities laws that are not
historical facts. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements,
including statements regarding future exploration plans. Factors
that could cause actual results to differ materially from these
forward-looking statements include, but are not limited to,
variations in the nature, quality and quantity of any mineral
deposits that may be located, the Company's inability to obtain any
necessary permits, consents or authorizations required for its
planned activities, and the Company's inability to raise the
necessary capital or to be fully able to implement its business
strategies. The reader is referred to the Company's public
disclosure record which is available on SEDAR (www.sedar.com),
including the risk factors discussed in Prospero's November 27,
2009 prospectus. Although Prospero believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except as required by securities
laws and the policies of the TSX Venture Exchange, Prospero
disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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.
Contacts: Contact Financial Peter Murray 1(604) 689-7422
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