Business
Kintavar announces the results of its annual shareholder meeting and the grant of options
MONTREAL, June 28, 2018 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V:KTR) (FRANKFURT:58V) announces that all the resol
About this update from Auriginal Mining Corp.
[{"type":"text","content":" MONTREAL, June 28, 2018 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V:KTR) (FRANKFURT:58V) announces that all the resolutions that were presented at the annual and special meeting on June 27, were approved by the shareholders. These resolutions include the nomination of the directors and the auditors as well as the renewal of the Stock Option Plan. Shareholders re-elected Kiril Mugerman, Mark Billings, Pierre Bertrand, David Charles and Maxime Lemieux to the Board of Directors. Moreover, during the Board meeting, held after the meeting, all members of management have been re-appointed to their respective positions, and Mark Billings, David Charles and Maxime Lemieux will continue to form the audit committee. Options grant The Board of Directors has granted today 5,475,000 stock options under its Stock Option Incentive Plan to directors, officers, consultants and employees at an exercise price of $0.40 per share. The options expire five (5) years from the date of grant on June 27, 2023. About the Mitchi Property The Mitchi property (approx. 30,000 hectares, 100% owned) is located west of the Mitchinamecus reservoir, 100 km north of the town of Mont-Laurier. The property covers an area of more than 300 km2 accessible by a network of logging and gravel roads with a hydro-electric power substation located 14 km to the east. The property is located in the north-western portion of the central metasedimentary belt of the Grenville geological province. Many gold, copper, silver and/or manganese mineralized showings have been identified to date, with many characteristics suggesting of a sediment-hosted stratiform copper type deposit (SSC) in the Eastern portion of the property and Iron Oxide Copper Gold ore (IOCG) and skarn type deposits in the Western portion. Osisko holds a 2% NSR on 27 claims of the southern portion of the Mitchi property, outside of the sedimentary basin and a 1% NSR on 21 claims partially in the sedimentary basin. NI 43‐101 Disclosure Alain Cayer, P. Geo., MSc., Vice-President Exploration of Kintavar, is the Qualified Person under NI 43-101 guidelines who supervised and approved the preparation of the technical information in this news release. For further information contact:Kiril Mugerman, President and CEO Telephone: +1 450 641 5119 #5653 Email: kmugerman@kintav...