TSX: EOX
www.euromaxresources.com
VANCOUVER, BC, June 20, 2022 /CNW/ - Euromax
Resources Ltd, (TSX: EOX): ("Euromax" or the
"Company") is pleased to report that all resolutions
proposed, as set out in the Notice of Meeting dated 16 May 2022, were duly passed at its Annual
General Meeting held in Skopje,
Republic of North Macedonia on
Monday, June 20th,
2022.
At the Meeting, each of the individuals nominated by management
for election as a director of the Company were duly elected and the
number of directors of the Company was fixed at seven (7) in
accordance with the Company's Articles. The results are as
follows:
|
Name of
Nominee
|
Vote
For
|
%
1
|
|
Tim
Morgan-Wynne
|
201,332,551
|
99.99 %
|
|
Martyn
Konig
|
201,338,710
|
99.99 %
|
|
Nicolas
Treand
|
201,332,551
|
99.99 %
|
|
James Burke
|
201,332,551
|
99.99 %
|
|
Ivan Vutov
|
201,332,551
|
99.99 %
|
|
Stanislav
Delchev
|
201,338,710
|
99.99 %
|
|
Patrick
Forward
|
201,332,551
|
99.99 %
|
|
|
|
1 out of
204,218,037 registered votes that vote for proposed
nominees
|
Re-Appointment of
Auditors
BDO LLP were re-appointed as auditors of the Company, to hold
office until the next annual general meeting of Shareholders, and
the directors were authorized to fix their remuneration.
Approval of
the unallocated stock options under the Company's Stock
Option Plan
All unallocated options under the Company's 2015 stock option
plan, as amended, were approved until June
20th, 2025, the date that is three years from the date
hereof.
The Board & Management wishes to express its thanks to all
shareholders for their support.
Board Appointments
The Company further announces that the following members have
been appointed to the Board Committees:
Audit Committee
Stanislav Delchev (Chair),
James Burke and Martyn Konig
Compensation
Committee
Martyn Konig (Chair),
Tim Morgan-Wynne and James Burke
Technical
Committee
Greg Morris (Chair), Patrick Forward and Vladislav Trashliev
About Euromax Resources
Ltd.
Euromax has a major development project in North Macedonia and is focused on building and
operating the Ilovica-Shtuka gold-copper project.
Forward-Looking
Information
This news release contains statements that are
forward-looking, such as those relating to the Company's potential
courses of action in response to recent decisions by agencies of
the government of North Macedonia,
including potential legal appeals to other courts of applicable
jurisdiction in North Macedonia or
the pursuit of international arbitration processes; the results of
any such appeals or legal processes that may be pursued by the
Company, if any; any future decisions, whether by way of appeal or
otherwise, of any agency of the government of North Macedonia or of any court of applicable
jurisdiction; whether or not any decision of any agency of the
government of North Macedonia or
of any court of applicable jurisdiction would be favourable to the
Company's interests; whether or not any decision of an agency of
the government of North Macedonia
or of any court of applicable jurisdiction that was favourable to
the Company's interests would be implemented by applicable
government authorities or could otherwise be enforced by the
Company; potential investments in the Ilovica-Shtuka Project, with
or without the support of any of the Company's current or future
third-party investors; the potential impact of any investment by
the Company or any third-party investor on the development of the
Ilovica-Shtuka Project; the effect of the development of the
Ilovica-Shtuka Project on the economy of North Macedonia, including the number of jobs
which may be produced in connection therewith; the results of
operations and financial condition of the Company; permitting and
licensing matters related to the Ilovica-Shtuka Project; capital
spending by the Company; financing sources available to the
Company, including from any current or future third-party investors
in the Company; commodity prices; mineral resources; and property
evaluation plans and programmes. Forward-looking statements are
frequently characterised by words such as "plan", "expect",
"project", "intend", "believe", "anticipate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are based on the opinions
and estimates of management at the dates the statements are made,
and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
This information is qualified in its entirety by cautionary
statements and risk factor disclosure contained in filings made by
the Company, including its annual information form for the year
ended December 31, 2021 and financial
statements and related MD&A for the financial years ended
December 31, 2021 and 2020, and the
three months ended March 31, 2022,
filed with the securities regulatory authorities in certain
provinces of Canada and available
on SEDAR. The forward-looking statements contained in this
document are as of the date of this document, and are subject to
change after this date. Readers are cautioned that the assumptions
used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. Euromax disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as otherwise required by applicable law.
SOURCE Euromax Resources
