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Sterling Resources reports results of annual and special meeting and management and organizational changes
Sterling Resources reports results of annual and special meeting and management and organi...
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[{"type":"text","content":"\n\n\n\nSterling Resources reports results of annual and special meeting and management and organizational changes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nSterling Resources reports results of annual and special meeting and management and organizational changes\nCanada NewsWire\nCALGARY, July 5, 2016\n\n\n\nCALGARY, July 5, 2016 /CNW/ - Sterling Resources Ltd. (TSX-V:SLG) (\"Sterling\" or the \"Company\") announces that the following matters were approved by the shareholders at the annual and special meeting (the \"Meeting\") held today in Calgary.  \n\nAt the Meeting, the shareholders elected Jacob Ulrich, Eleanor Barker, Gavin Wilson and Mark McComiskey as directors of the Company.  Incumbent directors James Coleman Q.C., Teck Soon Kong, Robert Carter and John Collenette did not stand for re-election to the board and the Company thanks them for their past service. \n\nAt the Meeting, the disinterested shareholders passed an ordinary resolution approving Meridian Capital International Fund (\"Meridian\"), together with YF Finance Limited (\"YF\", a party Meridian acts jointly or in concert with), becoming a new Control Person (as such term is defined in Policy 1.1 – Interpretation of the TSX Venture Exchange) as a result of the recapitalization transactions recently undertaken by the Company.  Meridian and YF did not vote on the resolution. \n\nThe stock option plan for the Company was also approved.\n\nThe re-appointment of Deloitte LLP as auditors of the Company was also approved for the ensuing year, authorizing the board of directors to fix the auditor's remuneration.  \n\nFinally, the shareholders passed a special resolution approving the consolidation of the issued and outstanding common shares of the Company (\"Common Shares\") on the basis of one post-consolidation Common Share for every one hundred Common Shares issued and outstanding (the \"Consolidation\"). The TSXV also approved the Consolidation.  \n\nFollowing the Meeting, the Company filed articles of amendment to effect t...