Northcore-Results from the Annual and Special Meeting of Shareholders
26 February 2014 - 12:51PM
Marketwired
Northcore-Results from the Annual and Special Meeting of
Shareholders
MONTREAL, QUEBEC--(Marketwired - Feb 25, 2014) - Northcore
Resources Inc. (TSX-VENTURE:NCR) announces the results from the
Annual and Special meeting of Shareholders held on Tuesday February
25, 2014. More than 32.383 million votes were cast representing
31.81 percent of the issued and outstanding shares of the
Corporation. The quorum was met under the Corporation's bylaws.
The Board of
Directors was elected and is now made up of: Garry Majerle,
Chairman, Taylor Sebastian, Michel Lebeuf, John Florek and Stephen
McGinn who are all recognized as Independent Directors.
The mandate of the
Auditors Raymond Chabot Grant Thronton has been unanimously renewed
for the 2013 fiscal year.
There were three
other Resolution that were adopted by the Shareholders:
The Share Option
Purchase program Resolution was adopted by 95.80 percent of the
votes registered.
The Resolution
seeking the adoption of a share consolidation mandate for the Board
of Directors of up to a 20:1 was approved by more than 87.38% of
the votes cast. This share consolidation will be effective at the
discretion of the Board of Directors and will be announced publicly
prior to becoming effective.
The Resolution
seeking the adoption of a Restricted Share Unit ("RSU") and
Deferred Share Unit ("DSU") incentive Plans for Directors,
Officers, Employees and Consultants, and the adoption of a proposed
grant of 1 million pre-consolidation RSUs to John Florek which
grant the Board of Directors had voted on and accepted. This grant
will become effective upon regulatory approval. The votes tied to
the shares owned by the Insiders were not included in the results.
A total of 1 147 000 shares were excluded from the results. The
Incentive programs and the grant to John Florek were adopted by
93.866% of the votes cast by shareholders dealing at arm's length
with the Corporation.
Neither the
TSX-Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this news
release.
Garry MajerleChairman of the Board of Directors(519)
697-6945Northcoreres@gmail.com
(TSXV:NCR)
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