Pele Mountain Shareholders Approve All Matters Presented at the Annual and Special Meeting of the Shareholders
07 Mars 2014 - 4:17PM
Marketwired
Pele Mountain Shareholders Approve All Matters Presented at the
Annual and Special Meeting of the Shareholders
TORONTO, ONTARIO--(Marketwired - Mar 7, 2014) - Pele Mountain
Resources Inc. (TSX-VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the
"Company") is pleased to announce that shareholders of the Company
have approved all matters voted on at the Company's Annual and
Special Meeting of Shareholders held on March 6, 2014 being,
namely:
1. |
election of management's proposed slate of directors of the
Company; |
|
|
2. |
reappointment of Collins Barrow LLP, as the auditors of the Company
to hold such office until the close of the next annual meeting of
Shareholders; and |
|
|
3. |
approving the Company's stock option plan, reserving for grant
options to acquire up to a maximum of 10% of the issued and
outstanding shares of the Company calculated at the time of each
stock option grant. |
More specific details of the matters approved at the Meeting are
set forth in a management information circular of the Company dated
February 3, 2014 and posted on the System for Electronic Data
Analysis and Retrieval (SEDAR) at www.sedar.com.
About Pele
Pele Mountain Resources is focused on the sustainable
development of its 100-percent owned Eco Ridge Mine Rare Earth and
Uranium Project. Eco Ridge is located in Elliot Lake, the only
Canadian mining camp to have ever achieved commercial rare earth
production. With well-understood geology and mineralogy, excellent
regional infrastructure, and strong local support, Eco Ridge is an
ideal location for the development of a safe, secure, and reliable
long-term supply of critical rare earths and uranium. Pele's shares
are listed on the TSX Venture Exchange under the symbol "GEM" and
on the OTCQX under the symbol "GOLDF".
Neither the 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. Some of the statements contained in this
release are forward-looking statements, such as estimates and
statements that describe Pele's future plans, objectives or goals,
including words to the effect that Pele or management expects a
stated condition or result to occur. Since forward-looking
statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual
results in each case could differ materially from those currently
anticipated in such statements. The economic viability of the
43-101 mineral resource at Pele's Elliot Lake Project has not yet
been demonstrated by a preliminary feasibility study.
Shares Outstanding: 165,529,198
Pele Mountain Resources Inc.Al ShefskyPresident(800)
315-7353www.pelemountain.com
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