International Montoro Resources Inc. (TSX.V: IMT), (the “Company”) held its Annual General Meeting on Tuesday, June 27, 2017
At the AGM the shareholders re-elected Gary Musil, Roger Agyagos, Bruce E .Bried, and Brent Griffin and newly elected Fraser Rieche for the upcoming year. The scrutineer reported that there were a total of 32 shareholders holding 4,904,182 shares represented in person or by proxy at the meeting. This represents 6.43% of the total 76,260,526 shares issued and outstanding as at Record Date.
The results of the meeting include the passed resolutions in the table.
Resolution
- Fixing the number of Directors 98.61%
- Election of Directors:
- Gary Musil 98.75%
- Roger Agyagos ` 99.51%
- Bruce E. Bried 99.82%
- Brent Griffin 99.95%
- Fraser Rieche 99.95%
- Appointment of Auditors 99.97%
- Approval of the Stock Option Plan 99.82%
Other resolutions submitted by management to shareholders for consideration were approved as presented; including the ratifying of the Company’s Advance Notice Policy (“ANP”) at 99.82%; as attached to the Information Circular as Schedule “C”. In order for the ANP to remain in effect, the ANP must be ratified, confirmed and approved at each subsequent annual general meeting.
At the Directors Meeting following; the directors re-appointed Gary Musil as President/Chief Executive Officer and newly elected Fraser Rieche as Corporate Secretary/Chief Financial Officer for the upcoming year. The Audit Committee will be comprised of Gary Musil, Roger Agyagos and Bruce E. Bried. The Directors also fixed the remuneration to be paid to the auditors for the financial year ended August 31, 2016.
The Board of Directors would like to thank the Company’s shareholders for their patience and continued support in these difficult markets throughout the past year.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has also located Uranium/REE mineralization from drilling in the general area where Rio Algom previously discovered uranium. The property comprises 10 mineral claims (115 units), approx. 1,840 ha.
In addition the Company owns with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.
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