VANCOUVER, Nov. 22, 2019 /CNW/ - Rio Silver
Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) is pleased
to announce the voting results from its Annual General Meeting of
Shareholders (the "Meeting"), held in Vancouver, British Columbia on November 15th, 2019. The total number
of shares represented by shareholders present in person and by
proxy at the meeting was 11.8 Million 27.63% of Rio's issued and
outstanding Common Shares.
All of the matters put forward before shareholders for
consideration and approval as set out in the Company's Management
Information Circular dated 11th of October, 2019, were
approved by the requisite majority of votes cast at the Meeting.
The details of the voting results for the election of directors are
set out below:
|
Nominee
|
# Votes
for
|
% Votes
for
|
|
Steven
Brunelle
|
11,058,869
|
98.7
|
|
Chris
Verrico
|
11,058,869
|
98.7
|
|
Edward
Badida
|
11,207,282
|
100.0
|
|
Richard
Mazur
|
11,058,869
|
98.7
|
The shareholders also approved: (i) fixing of the number of
directors of the Company at four; (ii) appointing MNP LLP,
Chartered Accountants, as the Company's auditor for the ensuing
year and authorizing the directors to set the auditor's
remuneration; and (iii) confirming and approving the Company's
existing stock option plan.
The Company will file a report of voting results on all
resolutions voted on at the Meeting on
www.sedar.com shortly.
The Company also announces that it has granted 4,050,000
incentive stock options to management, directors and consultants of
the Company. The options, to purchase common shares in the capital
of the Company, will be at a price of $0.05 per common share with 3,200,000 having a
term of 36 months and 850,000 a term of 18 months.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release includes forward-looking statements that
are subject to risks and uncertainties. All statements within,
other than statements of historical fact, are to be considered
forward looking. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not a guarantee of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update
any forward-looking statements except as required by applicable
laws
SOURCE Rio Silver
