MONTREAL, June 26, 2019 /CNW Telbec/ - SRG Graphite
Inc. (TSXV: SRG) ("SRG" or the "Company) is
pleased to announce that all resolutions as set out in the
Company's notice of meeting and information circular dated
May 9, 2019, were passed by the
requisite majority at its annual general and special meeting held
in Mont-Royal Quebec on
June 20, 2019 (the "AGSM")
PricewaterhouseCoopers LLP, Chartered Professional Accountants
were re-appointed as auditors of the Company for the ensuing year
and shareholders approved the Company's 2019 10% rolling stock
option plan.
The following eight incumbent directors were re-elected:
- Benoit LaSalle FCPA, FCA
- Marc-Antoine Audet
- Marc Filion
- Marcel Duchesne
- Yves Grou
- Koudougou Abdoulaye Compaore; and
- Abdoul Aziz Nassa
Following the AGSM, the Board of Directors re-appointed Benoit
LaSalle FCPA FCA as Executive Chairman of the Board, Ugo Landry-Tolszczuk as President, COO and CFO,
Elias J. Elias as Vice-President
Legal and Corporate Affairs and Corporate Secretary and
Raphael Beaudoin as Vice President
Operations, Metallurgy and Process Design.
Name Change
The Company wishes to announce that subject to TSX-V approval it
intends to change its name to SRG Mining Inc. The Company's
shareholders approved a special resolution in this regard at the
Company's AGSM. The Company will retain the trading symbol "SRG".
The new domain name will be www.srgmining.com. A further news
release will be issued announcing the effective date of the change
of name.
Shareholders are not required to take any action in connection
with the change of name and share certificates bearing the name
"SRG Graphite Inc." remain valid and need not be exchanged.
Adoption of DSU Plan
The Company also wishes to announce the Company has received
shareholder approval at the AGSM of the adoption by the Board of
Directors of a deferred share unit plan (the "DSUP")
The DSUP is a non-dilutive long-term incentive plan in which
employees, including named executive officers, directors and any
other person designated by the Board can participate. The
DSUP is intended to advance the interests of the Company
through the motivation, attraction and retention of Directors,
executive officers, employees, service providers or any other
person designated by the Board to participate in the DSUP.
The DSUP is subject to the approval of the TSX Venture
Exchange.
New Director
The Company is pleased to announce that Mr. Vincent P. Hogue M
Sc has been appointed an additional director of the Company
effective June 20, 2019. Mr. Hogue
was first appointed as an Observer to the Board of Directors on
October 22, 2019.
ABOUT SRG
SRG is a Canadian-based company focused on developing mineral
deposits located in the Republic of Guinea, West
Africa. SRG is committed to operating in a socially,
environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at
www.srggraphite.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "will", "continue",
"demonstrate", "potential", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would" or "might". Forward-looking information is subject to known
and unknown risks, uncertainties, and other factors that may cause
the actual results, level of activity, performance, or achievements
of the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: (i) volatile stock price; (ii) the general global
markets and economic conditions; (iii) the possibility of
write-downs and impairments; (iv) the risk associated with
exploration, development, and operations of mineral deposits; (v)
the risk associated with establishing title to mineral properties
and assets; (vi) fluctuations in commodity prices and other risks
and factors described or referred to in the section entitled "Risk
Factors" in the MD&A of the Company and which is available at
www.sedar.com, all of which should be reviewed in conjunction with
the information found in this news release.
Forward-looking information is based on assumptions management
believes to be reasonable at the time such statements are made,
including but not limited to, continued exploration activities and
no material adverse change in mineral prices. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, or intended. There can
be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Such forward-looking information has been provided for
the purpose of assisting investors in understanding the Company's
business, operations and exploration plans and may not be
appropriate for other purposes. Accordingly, readers should not
place undue reliance on forward-looking information.
Forward-looking information is given as of the date of this press
release, and the Company does not undertake to update such
forward-looking information except in accordance with applicable
securities laws.
SOURCE SRG Graphite
