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VANCOUVER, Oct. 26 /CNW/ -- International KRL Resources Corp. (TSXV:IRK) (the" Company") today announced that following the Annual General Meeting held on October 20, 2009, the current directors of the Company, Seamus Young, Shaun Maskerine, and Clifford Frame were all reelected by the majority of the shareholders. In addition, Manning Elliot, LLP, Chartered Accountants, were appointed auditors of the Corporation and the incentive share option plan was renewed per the Management Information Circular.
The shareholders also approved the special resolution to consolidate the issued and outstanding common shares of the Company on a basis of up to one (1) new common share for fifteen (15) old common shares. The Board of Directors was granted the authority to reduce the consolidation ratio and to use their discretion with respect to the implementation of the consolidation, if at all.
International KRL Resources Corp. is a mineral exploration company engaged in the acquisition, exploration and advancement of Canadian mineral properties. It has a significant property portfolio prospective for uranium, base metals and precious metals. For more information on the Company and the properties please visit www.krl.net and www.sedar.com websites.
Neither the 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.
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.