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Omineca Shareholders Approve Reverse Take-over and Acquisition of CVG Mining at Annual General Meeting
Omineca Shareholders Approve Reverse Take-over and Acquisition of CVG Mining at Annual General M...
About this update from Omineca Mining And Metals Ltd.
[{"type":"text","content":"Omineca Shareholders Approve Reverse Take-over and Acquisition of CVG Mining at Annual General MeetingOmineca Shareholders Approve Reverse Take-over and Acquisition of CVG Mining at Annual General Meeting\n\nCranbrook, British Columbia CANADA, September 05, 2013 /FSC/ - Omineca Mining and Metals Ltd. (OMM - TSX Venture), shareholders approved all matters put before them at the Company's annual and special general meeting held on September 4th, 2013, as follows: \n\n1. Passed an Ordinary Resolution approving the acquisition by Omineca of CVG Mining Ltd. by means of a share exchange;\n\n2. Approved the consolidated financial statements of the Company for the fiscal years ended December 31st, 2011 and 2012, and the report of its auditors;\n\n3. Elected the following directors of the Company for the ensuing year: Timothy Jay Termuende, Charles C. Downie, Glen J. Diduck, Darren B. Fach, Neil MacDonald, Andrew Davidson and Tom MacNeill;\n\n4. Appointed MacKay LLP as auditors of the Company for the ensuing year; \n\n5. Passed a resolution approving the renewal of the Company's Stock Option Plan;\n\n6. Ratified the Shareholder Rights Plan.\n\n\nAbout CVG Mining Ltd and the Wingdam/Lightning Creek Project \n\nThe 2700 ha Wingdam/Lightning Creek Project is located 35 km east of Quesnel, B.C., and provides a unique opportunity for Omineca to acquire near-term placer gold production in a proven mining district. The property overlies both placer and hard-rock tenures along the Deep Lead Channel of Lightning Creek, where topographic conditions have created a deep overburden accumulation which effectively resulted in a large portion of the channel being excluded from conventional surface placer mining activity. On the Wingdam property, drilling and previous geophysical surveys indicate that the Deep Lead Channel may occur throughout the entire 2.4km length of the Wingdam placer tenures, extending upstream and downstream an undetermined distance. Numerous attempts have been made to mine the Deep Lead Channel in the Wingdam area since the late 1880s, but all were hampered by an influx of water and unstable ground conditions and were ultimately abandoned.  \n\nIn 2012 CVG successfully completed a crosscut drift 23.5m across the Deep Lead Channel along the bedrock/gravel interface, using the Australian deep-lead mining method combined wi...