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Firestone Ventures Announces Sale of Guatemalan Mining Property and Provides Date for Shareholders' Meeting
Toronto, Ontario--(Newsfile Corp. - July 29, 2021) - Firestone Ventures Inc.  ( TSXV: FV...
About this update from Firestone Ventures Inc.
[{"type":"text","content":"Firestone Ventures Announces Sale of Guatemalan Mining Property and Provides Date for Shareholders' MeetingToronto, Ontario--(Newsfile Corp. - July 29, 2021) - Firestone Ventures Inc. (TSXV: FV.H) (FSE: F5V1) (\"Firestone\" or the \"Company\") announces today it has entered into an agreement (the \"Agreement\") to sell its core mining property located in Guatemala, the Torlon Hill Project, to Esperanza Resources Limited (\"Esperanza\"), a company organized under the laws of the United Kingdom. Under the Agreement, Esperanza will purchase all of the outstanding shares of Fuegoestrella, Sociedad Anonima (\"FSA\"), a wholly owned subsidiary of the Company and the owner of the Torlon Hill Project, for USD$500,000 in cash on closing (the \"Transaction\").Completion of the Transaction is anticipated to occur on or around September 20, 2021 and is subject to customary closing conditions and all requisite regulatory approvals, including approval by the NEX board of the TSX Venture Exchange and shareholder approval. Esperanza is an arm's length party to the Company and no finder's fees will be paid in connection with the Transaction.ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERSThe Company also wishes to announce the date for the upcoming annual general and special meeting of shareholders (the \"Meeting\") to be held on September 15, 2021. At the Meeting, shareholders will be asked to consider, and if deemed advisable, to vote on the following matters:to elect the directors of the Company for the ensuing year;to re-appoint McGovern Hurley LLP, Chartered Accountants as the auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration;to pass, with or without variation, an ordinary resolution to reapprove the Company's 10% rolling incentive stock option plan for the ensuing year; andto pass, with or without variation, a special resolution authorizing the Company to complete the Transaction, which constitutes the sale of substantially all of its assets.RESTRICTED STOCK UNIT PLAN The Company also confirms it has adopted its amended and restated restricted stock unit plan (the \"Amended RSU Plan\") which was approved by disinterested shareholders at the Company's annual general and special shareholders' meeting on March 6, 2020. Under the Amended RSU Plan, restricted share units (\"RSUs\")...