Electra Gold Ltd. announces results of the vote by shareholders at its Annual General and Special Meeting held January 19, 2015 in Vancouver, Canada
Vancouver, BC 22nd January, 2015 – Electra Gold Ltd. (“Electra”) (the “Company”) is pleased to announce results of the vote by shareholders at its annual general and special meeting held on January 19, 2015 in Vancouver, British Columbia, Canada.
Results of Annual General and Special Meeting
A total of 7,157,855 Common Shares were voted at the Meeting, representing approximately 18.37% of the outstanding shares.
John Costigan, Johan Shearer, Kyler Hardy and Darrell Dudley were nominated for election to the Board of Directors. Each of the director nominees proposed by management for election were elected to the Board of Directors. Kyler Hardy and Darrell Dudley are new directors of the Company.
At the meeting, shareholders also approved the following resolutions:
Appointment of De Visser Gray LLP, as auditors for the ensuing year and authorizing the directors to fix their remuneration;
Adoption of new Articles of Incorporation of the Company, as set out in the Management Information Circular as filed on SEDAR;
The Company name changed to Electra Stone Inc.; and
Approval of adoption of a 2015 Stock Option Plan.
Mr. John Costigan, President of Electra is pleased to welcome Darrell Dudley and Kyler Hardy to the Board. Mr. Costigan stated “I am pleased to welcome Kyler Hardy to the board, his hands on experience in industrial minerals will add significant depth to the board. I am also pleased to introduce Darrell Dudley to the Board. We look forward to his contributions and leadership as he brings his understanding and experience of project logistics, which is one of the critical keys to a successful industrial minerals company. I believe these appointments are the seeds of developing a strong and successful Industrial Minerals Company.”
Kyler Hardy is a seasoned and successful entrepreneur who has been involved within the exploration and mining industry for over fourteen years. His career has spanned many facets of the industry including diamond driller, project manager, exploration service contractor, business consultant and public company management. He has extensive experience building companies from early stage start-ups to advanced operating companies. He was a founder and former CEO of UTM Exploration Services Ltd., a turn-key geosciences and logistics management business specializing in grassroots to brownfields exploration and active partnerships with the First Nations. He sits as a Director on the boards of Equitas Resources Corp and Granite Creek Gold, and is President of the Ridge Group of Companies which has diverse holdings.
Darrell Dudley holds the title of Manager – Transportation and Logistics at a large Canadian forest products manufacturer. Prior to taking on this position, Mr. Dudley represented Western Potash Corp as its Transportation Manager, joining the company in Jul, 2011 and playing a key role in designing its port, rail and supply chain plan as part of its completed feasibility study. Mr. Dudley has over 25 years of experience in international transportation and logistics and sales and marketing expertise. Mr. Dudley earned a Bachelor of Commerce degree at the University of British Columbia, graduating in 1986.
Electra is actively engaged in the exploration and development of industrial minerals. The company is currently mining Chalky Geyserite on Northern Vancouver Island, British Columbia; generating sustained revenues and in constant production since 2003.
On behalf of the Board of Directors,
Electra Gold Ltd.
President and Director.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update, or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties as it relates to Electra Gold Ltd., please refer to the Company’s Annual Financials filed with SEDAR.