Puma Announces the Results of Its Annual and Special Meeting of Shareholders
October 03 2019 - 3:15PM
Puma Exploration Inc. (TSXV: PUMA) (the "Company" or "Puma") is
pleased to announce the results of its Annual and Special Meeting
of Shareholders (“ASM”) held on October 03, 2019 in Rimouski,
Quebec.
All matters submitted to shareholders for
approval as set out in the Company’s Circular dated August 20, 2019
were approved. A total of 75,730,197 common shares were voted
at the ASM, representing 32.6% of the issued common shares of the
Company.
These matters included the appointment of
directors and auditors, and the adoption of a special resolution
amending the articles of incorporation of Puma in order to
consolidate its common shares on the basis of one (1) new common
share for each tranche of ten (10) common shares currently issued
and outstanding.
The following Directors have been elected with
an approval rate of 99.8% or more: Marcel Robillard, Richard
Thibault, and Raphael Fournier. Mallette L.L.P. were
appointed as the auditors for the financial year ending February
29, 2020 with an approval rate of 99.8%.
Also, the Company received strong support from
its shareholders for the consolidation of its common shares with an
approval rate of 99.9%. The Board of Directors is currently
evaluating the best strategy concerning the consolidation and will
advise shareholders accordingly in a timely manner.
In addition, during the meeting of the Board of
Directors that followed the ASM, Marcel Robillard was re-elected as
president, CEO and Chairman of the Board and Ginette G. Brisson was
re-elected to the positions of CFO and Secretary. Richard Thibault,
Marcel Robillard, and Raphael Fournier will form the audit
committee.
ABOUT PUMA EXPLORATIONPuma is a
Canadian mineral exploration company with advanced precious and
base metals projects in Canada. While the priority remains to
secure and finalize the acquisition of the Murray Brook project,
emphasis will also be directed towards the exploration of the new
targets identified around the existing deposits at Murray Brook and
Chester, but also within underexplored targets located on both
favourable horizons within the properties.
The Company’s objective for 2019-20 also
includes selling undervalued assets in order to increase
the value of the Company for its shareholders. Puma holds
14,200,000 shares of Targets Minerals, exploring for precious
metals (Gold-Silver) in New Brunswick and
4,750,000 shares of BWR Resources exploring for
gold in Manitoba, and also has an option agreement
with Rio Tinto for the Red Brook Project in New Brunswick.
QUALIFIED PERSONS AND
QC/ACTechnical information provided in this news release
was prepared and reviewed by Marcel Robillard, P.Geo., President of
Puma Exploration, qualified person as defined by NI 43-101. 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. Mr. Robillard is not independent of the Company, as is
officer and shareholders thereof.
You can visit us on Facebook and Twitter.Learn
more by consulting www.pumaexploration.com for further information
on Puma.
Marcel Robillard, President(418)
724-0901president@explorationpuma.com
Forward-Looking Statements: This press release
may contain forward-looking statements. Such forward-looking
statements involve a number of known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Puma to be materially different from
actual future results and achievements expressed or implied by such
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements which speak only
as of the date the statements were made, except as required by law.
Puma undertakes no obligation to publicly update or revise any
forward-looking statements. These risks and uncertainties are
described in the quarterly and annual reports and in the documents
submitted to the securities administration.
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