Alliance Mining Corp Update

About this update from Alliance Mining Corp.

[{"type":"text","content":"Alliance Mining Corp UpdateVANCOUVER, BC / ACCESSWIRE / October 29, 2021 / Alliance Mining Corp. (TSXV:ALM) (\"Alliance\" or the \"Company\") announces the results of voting at its annual general meeting of shareholders held on Wednesday, September 8, 2021. Shareholders voted overwhelmingly in favour of all items put forward by the board of directors of the Company (the \"Board\") and Management. 2,791,917 common shares of the Company representing approximately 44.43% of the Company's issued and outstanding common shares as at the record date were voted, with 100% of such shares voting in favour of all the matters before the meeting.Shareholders voted in favour of setting the number of Directors at 4 and elected the following individuals as directors of the Company: Christopher Anderson, Scott Kent, Ben Catalano and Allan Beaton.At the Annual General shareholders also voted in favor of the appointment of WDM Chartered Accountants as the Company's auditor for the ensuring year and the adoption of its stock option plan as set forth in the Company's management information circular dated August 4, 2021 (the \"Information Circular\").The Company is also pleased to announce that further to the Company's news release of June 4, 2021, the Company has entered into an amended purchase agreement with 1911 Gold Corp, For the sale 1911 Gold's prospective interest in 27 mining claims, totalling 410 hectares, collectively referred to as the Greenbelt property located in the Rice Lake melt, near Bissett, Manitoba. 1911 Gold Corporation has exercised their option to return the shares issued under the agreement to Alliance Mining's treasury and has instead opted to accept the cash payment. The cash payment terms have been amended as follows, 5 monthly payments of $100,000 over the preceding five months. The first payment of $100,000 was made by Alliance on October 25, 2021.The Greenbelt Property is located within five kilometres of 1911 Gold's True North Complex at Bissett, Manitoba, comprising a fully permitted and operational 1,300 tonnes per day mill and tailings facility, currently reprocessing historical tailings.ON BEHALF OF THE BOARDChris AndersonCEO, DirectorFOR FURTHER INFORMATION PLEASE CONTACT:Alliance Mining Corp.(604) 488-3900Investor Relations: 604-488-3900E-mail: [email protected] Statement Cautions: This press r...

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