Business
Galore Announces Results of its Annual General Meeting and the Grant of Stock Options
(via TheNewswire) Vancouver, BC / TheNewswire / November 13, 2018 - ...
About this update from Galore Resources Inc.
[{"type":"text","content":"Galore Announces Results of its Annual General Meeting and the Grant of Stock Options(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / November 13, 2018 - Galore Resources Inc. (TSX-V: GRI) (the \"Company\") is pleased to report that at the Annual and Special General Meeting of its shareholders held November 8, 2018 (the \"ASGM\"), the Company experienced a very strong turnout of votes. A total of 43 votes were received, representing 68,454,243 shares or 55.86% of the Company's issued share capital. All resolutions proposed and voted on at the meeting were approved and duly passed.\n\n \n \nAt the meeting, shareholders approved the number of directors for the ensuing year be fixed at five (5) and the re-election of all incumbent directors: Mr. James Michael McMillan, Charles G. Troup, Kenneth Coe, Tex C. Enemark and Lorne Sivertson, to hold office until the next annual general meeting. Subsequent to the ASGM, the directors of the Company re-appointed the following officers of the Company: Mr. James Michael McMillan as President, Chairman and Chief Executive Officer, Mr. Andrew McMillan as Chief Financial Officer, and Pamela White as Corporate Secretary.\n\n \n \nShareholders also approved the re-appointment of its auditors, DeVisser Gray, Chartered Professional Accountants, as the independent auditor of the Company for the ensuing year, at a remuneration to be fixed by the Board of Directors. \n\n \n \nAdditionally, the Company received majority approval from the independent shareholders of the Company to an increase of the number of shares reserved for issuance under the Company's Stock Option Plan from 21,467,000 to 24,500,000 shares. Approval was also received to the grant of incentive stock options to insiders of the Company as a group within a 12 month period, (or at any point in time) allowing such grants to represent more than 10% of the total issued and outstanding Common Shares of the Company, as well as the grant of incentive stock options to any one optionee within a 12 month period, (or at any point in time) allowing such grant to represent more than 5% of the total issued and outstanding Common Shares of the Company.\n\n \n \nThe extension of the expiry date of 1,000,000 incentive options held by one optionee, such that the optionee be allowed to holds options in excess of 5% of the Company's issued share capit...