Business
Geomega Resources Reports AGM Results
MONTREAL, QUEBEC--(Marketwired - Oct. 20, 2017) - Geomega Resources Inc. ("GéoMégA" or the "Corporation") (TSX VENTURE:GMA) announces that shareholders have app
About this update from Geomega Resources Inc.
[{"type":"text","content":"MONTREAL, QUEBEC--(Marketwired - Oct. 20, 2017) - Geomega Resources Inc. (\"GéoMégA\" or the \"Corporation\") (TSX VENTURE:GMA) announces that shareholders have approved all resolutions put forth at the Annual Meeting of Shareholders (the \"Annual Meeting\") held in Montreal, Quebec, on Thursday, October 19, 2017, Gilles Gingras, Kiril Mugerman, Mario Spino and Kosta Kostic were elected to serve as directors of the Corporation (the \"Board\"). In addition, the Corporation announces the re-appointment of PricewaterhouseCoopers, LLP as auditors for the ongoing year, re-approval of the 10% rolling stock option plan, approval of a distribution of Kintavar Exploration shares in the form of return of capital and approval of the patent ownership and royalty agreement with the Corporation's Chief Technology Officer, Dr. Pouya Hajiani. Subsequent to the Annual Meeting, the directors renewed Kiril Mugerman as President and Chief Executive Officer, Pouya Hajiani as Chief Technology Officer, Alain Cayer as Vice President of Exploration, Ingrid Martin as Chief Financial Officer and nominated Ingrid Martin as Corporate Secretary. \"On behalf of the Board of Directors and management, I would like to thank Patrick Godin, Denis Hamel and Paul-Henri Couture, who have not run for re-election, for their years of service and devotion to the Corporation. I would also like to welcome Kosta Kostic to the Board of Directors of the Corporation. Mr. Kostic, a Partner and Member of McMillan LLP's National Capital Markets and M&A Group, brings a lot of experience in the corporate finance, securities and mergers and acquisitions matters. His expertise in both the mining and technology sectors will be a major asset to the Board of Directors and the Corporation as we continue developing the rare earth elements separation technology and the Montviel project.\" commented Kiril Mugerman, President and CEO of GéoMégA. With the departure of Patrick Godin and Denis Hamel from the Board of Director of Innord, Mario Spino was appointed as a director of Innord. In addition to this, the Corporation has entered into an agreement to issue shares for debt with the current and several of the previous directors of the Corporation and with the CFO of the corporation, Ingrid Martin. This agreement is considered a \"related party transaction\" under Regulation 61-101 respec...