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Awalé Announces Voting Results from Annual General & Special Meeting of Shareholders and Grant of Options and Share Units
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Awalé Resources Limite...
About this update from Awale Resources Limited
[{"type":"text","content":"Awalé Announces Voting Results from Annual General & Special Meeting of Shareholders and Grant of Options and Share UnitsVancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Awalé Resources Limited. (TSXV: ARIC) (\"Awalé\" or the \"Company\") is pleased to announce the results of voting at its annual general and special meeting of shareholders which was held on September 17, 2024, in Toronto, ON (the \"Meeting\"). Full details of all the voting results for the 2024 Meeting are available on SEDAR+ at www.sedarplus.ca. The total number of shares represented by shareholders present in person and by proxy at the Meeting was 29,825,288 representing 34.36% of the Company's outstanding shares.All matters presented for approval at the Meeting were duly authorized and approved, as follows:(i) setting the number of directors at five (5);(ii) election of the following five director nominees proposed by management: Karl Akueson, Charles Beaudry, Andrew Chubb, Anthony Moreau, and Stephen Stewart;(iii) reappointment of Davidson & Company LLP as Auditors of the Company and authorization of the directors to fix their remuneration; (iv) approval, by an ordinary resolution of disinterested shareholders, of certain amendments to the Company's restricted share unit plan (the \"Amended RSU Plan\"), as more particularly described in the Company's Information Circular dated August 20, 2024;(v) approval, by an ordinary resolution of disinterested shareholders, of the Company's 10% rolling stock option plan, as more particularly described in the Company's Information Circular dated August 20, 2024.Stock Options and Share UnitsIn addition, the Company wishes to announce that it has granted an aggregate 4,055,000 incentive stock options (the \"Options\") and restricted share units (\"RSUs\") (collectively the \"Incentives\") to directors, officers, employees, and consultants. The Options are exercisable at a price of $0.45 per share (based on the closing price on September 18, 2024) for a period of 3 years, expiring September 18, 2027. The RSUs have various vesting/issuance schedules. An aggregate 2,720,000 Incentives have been granted to insiders.Following the award of Options and RSUs, the Company will have an aggregate of 7,551,667 Incentives issued, representing approximately 8.7% of the issued and outstanding share ...