Trading Symbol TSX(V): RMD
Boerse Frankfurt: WKN A1W98A: R52
TORONTO, Dec. 11, 2020 /CNW/ - Richmond Minerals Inc.
(TSX-V: RMD) ("Richmond" or
the "Company") is pleased to announce results of the
Company's annual and special meeting held on November 12, 2020 (the "Meeting"). At the
Meeting, a total of 26,462,798 common shares ("Common Shares") of
the Company were voted and all matters presented for approval at
the Meeting were duly authorized and approved, as follows:
- Election of all nominees to the Board of Directors of the
Company;
- Fixing the number of Board Members at seven (7);
- Appointment of Wasserman Ramsay LLP as auditors of the Company
for the ensuing year;
- The approval of the Company's stock option plan.
The Board Members elected were Franz
Kozich, Bogdan Nitescu,
Paul Millar, Andrew McQuire, Lee
Bowles and Thomas Brunner.
Victoria Kuklina was also elected as
CFO.
Richmond is also pleased to
announce that Phase IV diamond drilling will resume at the
Company's Ridley Lake Gold Project located in the heart of the
Swayze Greenstone Belt area of Northern
Ontario, approximately 35 km east of Newmont Goldcorp's
Borden Gold Project. Richmond is
planning on drilling up to 3,000 m in
this phase of drilling to test Aguara West Extension IP targets
identified during winter 2018 geophysical surveying. Hi-lights of
previous drilling in the Aguara Central Zone include 33 m of 1.26 g/t gold in hole RS-16-20, and
136 m of 0.31 g/t gold in hole
RS-17-30.
Warren Hawkins, P.Eng in his capacity
as Qualified Person under National Instrument Policy
43-101 has reviewed and approved the technical
information contained within this press release. Mr. Hawkins is not
considered to be independent of Richmond Minerals Inc. as he owns
securities in the Company.
CAUTIONARY STATEMENT: This news release contains forward-looking
information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward
looking information in this news release includes, but is not
limited to, Richmond's objectives,
goals or future plans. Factors that could cause actual results to
differ materially from such forward-looking information include,
but are not limited to, changes in general economic conditions and
conditions in the financial markets; the ability of Richmond to raise funds pursuant to future
offerings; risks related to infectious diseases such as COVID-19;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments, and those risks set out in Richmond's public documents filed on SEDAR.
Although Richmond believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies 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.
Richmond disclaims any intention
or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by law.
Neither the TSX-V 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
release.
SOURCE Richmond Minerals Inc.
