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Kintavar Exploration Announces AGM Results; Acquires New Musher And Dalime Properties In Quebec
MONTREAL, QUEBEC--(Marketwired - Aug. 29, 2017) - Kintavar Exploration Inc. (the "Corporation" or "Kintavar") (TSX VENTURE:KTR) announces that shareholders have
About this update from Auriginal Mining Corp.
[{"type":"text","content":"MONTREAL, QUEBEC--(Marketwired - Aug. 29, 2017) - Kintavar Exploration Inc. (the \"Corporation\" or \"Kintavar\") (TSX VENTURE:KTR) announces that shareholders have approved all resolutions put forth at the Annual Meeting of Shareholders (the \"Meeting\") held in Montreal, Quebec, on Monday, August 28, 2017. Mark Billings, Pierre Bertrand, David Charles, Maxime Lemieux and Kiril Mugerman were elected to serve as directors of the Corporation (the \"Board\"). In addition, the Corporation announces the appointment of PricewaterhouseCoopers, LLP, as auditors for the ongoing year and the re-approval of the 10% rolling stock option plan. At the Meeting's conclusion, the Board held a meeting in which the decision was made to appoint Mr. Mark Billings as Chairman of the Board. The Board also appointed Mr. David Charles to the audit committee in replacement of Mr. Kiril Mugerman. Private Placement The Corporation also announces a non-brokered private placement financing (the \"Offering\") of up to 1,666,666 units (each a \"Unit\") at a price of $0.15 per Unit and 2,631,578 common shares on a flow-through basis (each a \"FT Share\") at a price of $0.19 per FT Share for aggregate gross proceeds of up to $750,000. Each Unit will consist of one common share (each a \"Share\") and one-half of one share purchase warrant (each whole being, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one additional Share at a price of $0.19 per Share for a period of twenty-four (24) months from the closing date. Closing of the Offering is expected to occur in September 2017 and is subject to receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from their issue. Net proceeds from the Offering will be used for work on its exploration portfolio, as well as for general corporate and working capital purposes. The Offering will be completed with \"accredited investors\" under National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\") and with existing security holders under Regulation 45-513 - Prospectus Exemption for Distribution to Existing Security Holders, as well as Ontario Securities Commission Rule 45-501 - Ontario Prospectus and Registration Exemptions (the \"Existing Shareholder Exemption\"). Th...