Amseco Exploration Ltd: Announcement
10 December 2013 - 12:34PM
Marketwired
Amseco Exploration Ltd: Announcement
MONTREAL, QUEBEC--(Marketwired - Dec 9, 2013) - Amseco
Exploration Ltd (Amseco) (TSX-VENTURE:AEL) is pleased to announce
that the Extraordinary Meeting and Annual General Meeting of
Shareholders was held on December 6th 2013 and that all resolutions
proposed were adopted.
Annual
assembly
The assembly voted for the reelection of the current Officers
and Directors (Jean Desmarais, Roger Bourgault and François
LeComte) were reelected. The assembly also appointed the firm of
KPMG as the external auditor for the company. A resolution allowing
a share consolidation, should Amseco's Board of Directors decide it
is needed in the coming year, was also adopted. And last, a
resolution proposing to raise the stock option plan for the grant
of options to Directors, Officers, key employees and consultants
from 8 million to 14 million shares was adopted.
Private
placement
The private placement announced on Septembre 19th has been
extended until December 19th 2013. There will be a maximum of 10
millions units at $0.05 cent. Each unit is comprised of one common
share and one half of one share purchase warrant. Each whole
warrant entitles the holder to purchase one share of the
Corporation at an exercise price of $0.10 per share in the 24
months following the closing date of the placement. The shares will
be subject to a 120 days hold period. The Corporation intends to
use the proceeds of the private placement as working capital to
fund the continued development of the Corporation's business. This
private placement has been approved by Amseco's Board of Directors.
Insiders can purchase up to 20% of this placement.
Options granted to
Directors and Officers
On December 6th, 2013, Amseco's Board of Directors, following a
recommendation of the Compensation Committee, granted 2,35 million
options to purchase shares to Directors and Officers of the company
at the price of 0,05 $ per share to be exercised within 10
years.
Share Issue
On December 5th, 2013, Amseco issued 600 000 shares in order to
complete and settle all conditions related to the sale of Chika
Property.(Ref. Press release 11 February 2013)
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Jean DesmaraisPresidentAmseco Exploration Ltd.514 284-5111514
284-6111Cell : 514 898-5326 /
www.amsecoexploration.comjeandesmarais@amsecoexploration.com
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