Business
iMetal Announces Successful Results Of The 2022 Annual General Meeting
VANCOUVER, BC / ACCESSWIRE / December 30, 2021 / iMetal Resources, Inc. (TSX.V:IMR) (OTC PI...
About this update from Imetal Resources Inc.
[{"type":"text","content":"iMetal Announces Successful Results Of The 2022 Annual General MeetingVANCOUVER, BC / ACCESSWIRE / December 30, 2021 / iMetal Resources, Inc. (TSX.V:IMR) (OTC PINK:ADTFF) (FRANKFURT:A7V2) (\"iMetal\" or the \"Company\") is pleased to release the results of its Annual General Meeting of shareholders which was held on December 20, 2021, at its corporate offices located at Suite 550, 800 West Pender Street, Vancouver, B.C.All matters submitted to the shareholders for approval, as set out in the Company's notice of meeting and information circular, were approved by an overwhelming majority of votes cast.At the meeting, the shareholders re-elected the following directors:Satvir S. Dhillon;Johan Grandin;Scott Davis;R. Timothy Henneberry;Approved the reappointment of Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company, and ratified the existing incentive stock option plan of the Company. Shareholders also approved a potential consolidation of up to 20 for 1, to be implemented at the discretion of the Board of Directors.Following the meeting, the Board of Directors resolved to proceed with a consolidation on the basis of five (5) old shares for one (1) new share. The Company currently has 51,370,372 common shares outstanding and, following completion of the consolidation, it is expected that the Company will have approximately 10,274,074 common shares outstanding.The Company will provide further details regarding the consolidation, along with the effective date, as soon as they become available. Completion of the consolidation remains subject to the approval of the TSX Venture Exchange.\"On behalf of the board of directors, I would like to take this opportunity to thank the Company's shareholders for their continued support throughout the past year,\" commented Saf Dhillon, Chief Executive Officer and President of the Company.About iMetal Resources Inc.A Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. iMetal is focused on advancing its Gowganda West Project that borders the Juby Project, an advanced exploration-stage gold project located within the Shining Tree area in the southern part of the Abitibi greenstone belt about 100 km south-southeast of the Timmins gold camp.ON BEHALF OF THE BOARD OF DIRE...