Business
Duran Announces Results of Annual and Special Meeting of Shareholders
TORONTO, ONTARIO--(Marketwired - April 8, 2016) - Duran Ventures Inc. (TSX VENTURE:DRV) (LMA:DRV) ("Duran" or the "Company") is pleased to provide the following
About this update from Peruvian Metals Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - April 8, 2016) - Duran Ventures Inc. (TSX VENTURE:DRV) (LMA:DRV) (\"Duran\" or the \"Company\") is pleased to provide the following update resulting from the Annual and Special Meeting of Shareholders held on April 8, 2016. The six nominees as proposed by the Company were elected to the board. The directors are Mr. Joseph Del Campo, Mr. John P. Thompson, Mr. William R. (Rick) Brown, Mr. Steven S. Brunelle, Mr. Oscar F. Pezo Camacho and Mr. Jeffrey J. Reeder. McGovern, Hurley, Cunningham, LLP Chartered Accountants, were re-appointed as auditors for the Company for the ensuing year. The shareholders re-approved the Company's 10% Rolling Stock Option Plan in accordance with the policies of the TSX Venture Exchange (\"TSXVE\"). The shareholders approved a special resolution authorizing the Board of Directors to consolidate the common shares of the Company (the \"Common Shares\") on the basis of one (1) new Common Share for up to seven (7) old Common Shares (the \"Consolidation\"). Management believes that the current number of outstanding Common Shares is inconsistent with the size, assets and structure of the Company and proposed the Consolidation of the shares of the Company in order to increase its flexibility with respect to potential business transactions, including any possible future equity financings. The Board of Directors will have the authority to implement the Consolidation at the ratio of up to 7 to 1 at any time and will be permitted, without further shareholder approval, to select a lower ratio if they deem it to be appropriate. Notwithstanding approval of the Consolidation by the shareholders, Duran's directors, in their sole discretion, may abandon the Consolidation without further approval, action by, or prior notice to shareholders. About Duran Duran Ventures Inc. is a Canadian exploration company focused on mineral processing and the exploration and development of precious and base metal properties in Peru. For an update on the Company's mineral processing activities please visit the website at www.duranventuresinc.com. Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange and the Bolsa de Valores de Lima: Symbol \"DRV\". Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture...