Aldridge Announces Results of Annual Shareholders’ Meeting, Provides Corporate Update
25 June 2014 - 10:00PM
Business Wire
Aldridge Minerals Inc. (TSX Venture: AGM) (“Aldridge” or the
“Company”) is pleased to report the results of the annual general
meeting of the shareholders of Aldridge held on June 24, 2014 in
Toronto.
Election of DirectorsThe number of
directors has been set at nine and the following nominees were
elected as directors of Aldridge:
Baran BaycanJohn CookDaniella DimitrovEd GuimaraesBarry
HildredHüseyin Talha ÖzkulAhmet TaçyildizHande TaçyildizMichael
Widmer
Newly appointed to the Aldridge board of directors (the “Board”)
is Mr. Özkul. Mr. Özkul has been Vice Chairman of Proges
Professional Security Systems Ltd. in Turkey since 2004. Mr. Özkul
holds a Bachelor of Arts degree in literature from the University
of Istanbul and completed his Master’s Degree in Labour Economics
and Industrial Relations at Sakarya University in Turkey. As a
partner of Proges, Mr. Özkul is also a consultant and member of
the board of directors for several privately held companies in
Turkey.
Mr. Meric Oktar did not stand for re-election to the Board and
the Board and Management would like to thank him for his
contributions to the Company.
Appointment of
AuditorPricewaterhouseCoopers LLP, Chartered Accountants,
has been re-appointed as auditor of the Company for the ensuing
year and the Board has been authorized to fix their
remuneration.
Stock Option PlanThe amended and
restated stock option plan of the Company was re-approved, subject
to the review and acceptance of the TSX Venture Exchange.
Corporate UpdateThe Company
continues to pursue alternative opportunities for interim financing
requirements, such as working capital, basic engineering and land
acquisition. With the support of its recently formed Finance
Committee, the Board is reviewing several indicative proposals that
address these funding requirements.
About AldridgeAldridge is a development stage mining
company focused on its wholly owned Yenipazar polymetallic VMS
Project (Au, Ag, Cu, Pb, Zn) in Turkey (the “Project”), a country
that is committed to developing its natural resources. Aldridge
completed the Yenipazar Optimization Study and filed the related NI
43-101 compliant technical report in May 2014, which updated the
original May 2013 Feasibility Study. The Company is currently
advancing the Project on key aspects including permitting, design,
land acquisition and project financing.
www.aldridgeminerals.ca
Caution Regarding Forward-Looking InformationThis news
release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking statements.
Forward-looking statements in this news release, include, but are
not limited to, economic performance and future plans and
objectives of Aldridge. Any number of important factors could cause
actual results to differ materially from these forward-looking
statements as well as future results. Although Aldridge believes
that the assumptions and factors used in making the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. Aldridge disclaims any
intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Neither the 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 news release.
Aldridge Minerals Inc.Han Ilhan, 416-477-6988President
& CEOorDavid Carew, 416-477-6984Director of Corporate
Development & Corporate Secretary
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