Business
Radisson Mining announces AGM results and the election of directors
ROUYN-NORANDA, Quebec, June 14, 2019 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (“Radisson” or the “Company") (TSX.V: RDS, OTC: RMRDF) announces that th
About this update from Radisson Mining Resources Inc.
[{"type":"text","content":" ROUYN-NORANDA, Quebec, June 14, 2019 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (“Radisson” or the “Company\") (TSX.V: RDS, OTC: RMRDF) announces that the seven candidates designated in the management proxy circular dated May 2, 2019 were elected to the Corporation’s Board of Directors during the shareholder’s annual meeting held in Rouyn-Noranda on June 13, 2019. The shareholders were represented in person or by proxy by 70,035,388 class A shares, or 51.11% of the 137,029,250 outstanding class A shares. Voting results are presented below. 2019 AGM Election of Directors Results Director For % For Withheld % Withheld Denis Lachance 69,734,954 99.94% 45,177 0.06% Mario Bouchard 68,626,877 98.35% 1,153,254 1.65% Luc Simoneau 68,696,679 98.45% 1,083,452 1.55% Jean Dion 68,746,979 98.52% 1,033,152 1.48% Réjean Gourde 68,746,979 98.52% 1,033,152 1.48% Tony Brisson 69,739,806 99.94% 40,325 0.06% Denis Bois 69,739,806 99.94% 40,325 0.06% Consequently, during the shareholder’s annual meeting, the appointment of Raymond Chabot Grant Thornton, Rouyn-Noranda, Quebec as Independent auditor for the company was approved at 100% by the shareholders. The directors’ compensation plan was approved at 98.01% by the shareholders. Grant of stock optionsOn June 13th 2019, the Board of Directors awarded a total of 2,100,000 stock options to directors, officers and three employees of the company. Pursuant to terms of the stock options plan each option grants the holder thereof the right to purchase one class A share at a price of $ 0.135 until June 13th, 2024. Following the grant of stock options and pursuant to terms of the stock options plan, there are currently 6,320,000 stock options outstanding. Stock options exerciseThe company announces the exercise of 50,000 stock options at a price of $ 0.10 by one officer resulting in the issuance of 50,000 class A shares for total amount of $ 5,000. As a result of this stock option exercise, there are currently 137,079,250 class A shares of Radisson issued and outstanding. About Radisson Mining Resources Inc.Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over the last 100 ye...