Shares Outstanding: 338,284,556
TORONTO, June 19, 2019 /PRNewswire/
- Aquila Resources Inc. (TSX: AQA, OTCQB:
AQARF) ("Aquila" or the "Company")
announces that the 8 nominees listed in the management information
circular for its 2019 annual meeting of shareholders (the
"Meeting") held earlier today were elected as directors of Aquila.
256,268,547 shares were represented at the Meeting, representing
75.61% of Aquila's issued and outstanding common shares. The
detailed results of the vote for the election of directors are set
out below:
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Witheld
|
Edward
J.Munden
|
202,328,545
|
99.90%
|
213,653
|
0.11%
|
Barry
Hildred
|
202,338,290
|
99.90%
|
203,908
|
0.10%
|
Kevin
Drover
|
202,399,313
|
99.93%
|
142,885
|
0.07%
|
Andrew W.
Dunn
|
202,396,548
|
99.93%
|
145,650
|
0.07%
|
Ian
Pritchard
|
202,398,313
|
99.93%
|
143,885
|
0.07%
|
Joseph de la
Plante
|
202,254,558
|
99.86%
|
287,640
|
0.14%
|
Jacques
Perron
|
202,296,230
|
99.88%
|
245,968
|
0.12%
|
Pamela
Saxton
|
202,307,313
|
99.88%
|
234,885
|
0.12%
|
Final voting results on all matters voted on at the Meeting will
be filed on SEDAR at www.sedar.com.
Aquila Thanks Peter M. D. Bradshaw and Stephen Fabian for Their Service
"On behalf of the Board of Directors of Aquila, I would like to
express sincere appreciation to Peter and Stephen for their many
contributions to the Company," said Ted
Minden, Chair of the Board of Directors. "We wish each of
them all the best in both their personal and professional
endeavors."
Pamela Saxton Joins the Board of Directors
The Company is also pleased to announce the election of
Pamela Saxton to its Board of
Directors. Ms. Saxton is a business executive with over 35 years of
experience in domestic and international public company finance
roles, primarily in mining, software and oil and gas. Ms. Saxton
served on the board of Pershing Gold Corporation from November 2017 until it was acquired in
April 2019. Ms. Saxton has held
senior executive finance positions at several mining and oil and
gas companies, most recently serving as Executive Vice President
and Chief Financial Officer of Thompson Creek Metals Company Inc.
from August 2008 to October 2016. Prior to 2008, Ms. Saxton was Vice
President Finance—U.S. Operations of Franco-Nevada Corporation,
Vice President and Chief Financial Officer of New West Gold
Corporation, Vice President and Controller of Amax Gold Inc. and
Assistant Controller of Cyprus Amax Minerals Inc. Ms. Saxton also
was the Vice President and Controller-Payments Division of Western
Union/First Data Corporation and served as Vice President of
Finance, Corporate Controller and Chief Accounting Officer for J.D.
Edwards & Company. Ms. Saxton began her career with Arthur
Andersen & Company after receiving her Bachelor of Science in
Accounting from the University of
Colorado. Since September
1987, she has served as a Trustee and since January 2017 serves as Vice President for the
Viola Vestal Coulter Foundation, which provides scholarships to
various colleges and universities, with a focus on mining. She is
also the Past Chair of the Board for the Colorado Association of
Commerce and Industry, a state chamber of commerce.
Mr. Munden added, "We are delighted to welcome an executive with
Ms. Saxton's experience and capabilities to our Board. We look
forward to benefiting from Pamela's insights as we advance the Back
Forty Project through the next phases of its development."
ABOUT AQUILA RESOURCES
Aquila Resources Inc.
(TSX: AQA, OTCQB: AQARF) is a development‐stage company with
strategic assets in the Great Lakes Region. The Company's
experienced management team is focused on advancing
pre-construction activities for its 100%‐owned zinc‐ and gold‐rich
Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is an open pit volcanogenic
massive sulfide deposit with underground potential located along
the mineral‐rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project
contains approximately 1.1B pounds of
zinc and 1M ounces of gold in the
Measured & Indicated Mineral Resource categories, with
additional upside potential. Aquila has received all State and
Federal permissions required for the construction and commencement
of operations at the Back Forty Project.
The Company has two other exploration projects: Reef Gold
Project located in Marathon County,
Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a
gold-copper property and Bend is a volcanogenic massive sulfide
occurrence containing copper and gold.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This press release may
contain certain forward‐looking statements within the
meaning of applicable Canadian securities legislation. In certain
cases, forward‐looking statements can be identified by
the use of words such as "plans", "expects" or "does
not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or
results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" and similar expressions
suggesting future outcomes
or statements regarding an outlook.
These and other forward‐looking statements and
information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of Aquila to
control or predict, that may cause their actual results,
performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on
assumptions about such risks,
uncertainties and other factors set out herein. These
risks include those described under the heading "Risk Factors" in
Aquila's most recent annual information form and its other public
filings, copies of which can be under Aquila's profile at
www.sedar.com. Aquila expressly disclaims any obligation
to update
forward‐looking information except as required by applicable law. Such
forward‐looking information represents Aquila's best judgment based
on information currently available.
No forward‐looking statement can be guaranteed
and actual future results may vary materially.
Accordingly, readers are advised
not to place undue reliance on forward‐looking
statements or information. Furthermore,
Mineral Resources that are not Mineral
Reserves do not have demonstrated economic viability.
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SOURCE Aquila Resources Inc.