Brionor Resources Inc.: Update on Special Meeting of Shareholders
16 November 2012 - 11:54PM
Marketwired Canada
Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) announces
the mailing to its shareholders of the Information Circular prepared in
connection with the Annual and Special Meeting of Shareholders to be held in
Toronto on December 12, 2012 (the "Meeting"). One of the purposes of the Meeting
is to obtain shareholder approval in connection with the Corporation's
previously announced transaction with Xmet Inc. ("Xmet") relating to the sale of
Brionor's 100% interest in the Pitt Gold Project to Xmet (see the Corporation's
press release dated October 1st, 2012 for more information on the transaction).
At the Meeting, the Corporation will also be soliciting the approval of its
shareholders in connection with an amendment to the Corporation's stock option
plan (the "Plan") approved by the Board of Directors prior to the mailing of the
Information Circular. Under the current Plan, 3,581,246 common shares are
reserved for issuance following the exercise of previously granted stock
options. The amendment proposes to convert the Plan into a 10% rolling stock
option plan.
A copy of the Corporation's Information Circular and of the amended and restated
asset purchase agreement between the Corporation and Xmet will be filed shortly
on SEDAR (www.sedar.com).
Brionor is a junior mining exploration company with a portfolio of exploration
projects in Quebec.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brionor Resources Inc.
Lewis Lawrick, President & CEO
647-478-5307
Brionor Resources Inc.
Robert Ayotte, Executive Chairman
450-441-9177
info@brionor.com
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