Mega Precious Metals Announces the Results of the 2014 Meeting of Shareholders and Annual Grant of Options
28 June 2014 - 12:53AM
Marketwired
Mega Precious Metals Announces the Results of the 2014 Meeting of
Shareholders and Annual Grant of Options
THUNDER BAY, ONTARIO--(Marketwired - Jun 27, 2014) - Mega
Precious Metals Inc. (TSX-VENTURE:MGP) ("Mega" or the "Company") is
pleased to announce the results of the 2014 Annual Meeting of
Shareholders (the "Meeting") held in Thunder Bay, Ontario
today.
As proposed by the Company, six director nominees set out in the
management information circular dated May 23, 2014 were elected as
directors of the Company for the ensuing year. The directors are
Mario Stifano (Chairman), Ewan Downie, Abraham Drost, Glen Kuntz,
Richard Patricio and Michael Sweatman.
Shareholders appointed Grant Thornton LLP as auditors of the
Company and approved the company stock option plan.
Daniel Racine did not stand for re-election as a director of the
Company due to his increased work commitments. The board of the
directors would like to thank Mr. Racine for his contribution to
the Company and wish him well in his future endeavours.
In addition, the Company has granted options pursuant to its
stock option plan to acquire an aggregate of 2,400,000 common
shares, subject to regulatory approval, in the annual grant to
directors, employees, officers, investor relations consultants and
other consultants of the Company. The options are exercisable at a
price of $0.115 per share and expire on June 26, 2019.
Investor Relations
Mega Precious Metals is pleased to announce that further to the
October 16, 2013 press release it has continued to retain the
services of Nicole Marchand to assist with Investor Relations
activities. Ms. Marchand is engaged with an initial term of 6
months at a rate of $4,000 per month plus applicable expenses.
Mega Precious Metals Inc. is a leading Canadian-based
exploration company with a high quality pipeline of projects
located in the mining friendly jurisdictions of Manitoba,
Northwestern Ontario and Nunavut. The Company's significant
portfolio includes the flagship Monument Bay Gold Tungsten Project
in NE Manitoba as well as the N. Madsen Gold Project in the
prolific gold mining district of Red Lake, Ontario. Mega has
established a record of delivering rapid growth through their
focused and low cost approach to exploration and resource
development. The Company's common shares trade on the TSX Venture
Exchange under the symbol MGP.
For further information and presentation material, please review
the Mega website at www.megapmi.com.
Forward-looking Information
Certain statements in this press release contain information
that may constitute forward-looking information under applicable
Canadian securities legislation. These forward-looking statements
represent management's best judgment based on current facts and
assumptions that management considers reasonable. The Company makes
no representation that reasonable business people in possession of
the same information would reach the same conclusions. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. These risks
and uncertainties include, but are not limited to, the strength of
the global economy, fluctuations in the price of gold and
operational, funding and liquidity risks. Readers should not place
undue reliance on forward-looking statements. More information
about risks and uncertainties affecting the Company and its
business is available in the Company's filings which are posted on
SEDAR at www.sedar.com. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements
or to update the reasons why actual results could differ from such
information unless required by law.
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.
Mega Precious Metals Inc.Glen Kuntz, P.Geo.President, Chief
Executive Officer & Director807-766-3380 or TF:
877-592-3380info@megapmi.comwww.megapmi.com
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