Lion One Announces Results of AGM and Appointment of New Managing Director
December 19 2013 - 9:57PM
Marketwired
Lion One Announces Results of AGM and Appointment of New Managing
Director
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 19, 2013)
- December 19, 2013. Lion One Metals Limited
(TSX-VENTURE:LIO)(FRANKFURT:LY1)(OTCQX:LOMLF)(ASX:LLO) (the
"Company") is pleased to announce the voting results from its
Annual and Special General Meeting ("AGM") held on December 11,
2013 in North Vancouver, British Columbia.
A total of 39,004,567 common shares were voted at the meeting
representing 64.82% of the votes attached to all common shares.
Shareholders voted in favor of all items placed before the AGM,
including the motion to reappoint Davidson & Company Chartered
Accountants LLP as auditors of the Company for the fiscal year
ended June 30, 2014, at a remuneration to be fixed by the board.
Voters approved the Company's stock option plan, and approved the
motion to fix the number of directors at seven. Voters reelected
all seven incumbent director nominees: Walter Berukoff, Richard
Meli, David Duval, George S. Young, Hamish Greig, Stephen Mann, and
Kevin Puil.
Following the AGM the board of directors reappointed the
following executive officers: Walter Berukoff as Chief Executive
Officer, Samantha Shorter as Chief Financial Officer, Stephanie
Martel as VP Administration, and Hamish Greig as VP and Corporate
Secretary. The board also appointed independent directors Richard
Meli, David Duval, and Kevin Puil to the audit committee.
The board also appointed Stephen Mann as the Managing Director
of the Company. Mr. Mann is a professional geologist with over
thirty years' industry experience in mineral exploration and mine
development with companies such as Utah Development Company, BHP
Minerals, and Newcrest. Prior to joining Lion One he was Managing
Director at Cogema Australia/AREVA from 1994 to 2006 where he was
credited with the discovery, development, and initiation of mining
at the White Foil and Frogs Leg gold mines in Western Australia.
From 2006 to 2013 Mr. Mann was the Managing Director of Avocet
Resources Limited in Perth, Western Australia. He holds an honors
degree in Geology from the University of Adelaide.
The Company also announces that George S. Young has resigned as
President of the Company. Mr. Young remains on the board and will
continue to focus on business development opportunities for the
Company. The Company wishes to thank Mr. Young for his
contributions as President, particularly during its initial listing
on the TSX Venture Exchange and through subsequent private
placement financings.
About Lion One Metals Limited
Lion One Metals Limited is a Canadian resource company focused
on the acquisition, exploration and development of mineral projects
worldwide. In June 2013 Lion One merged with Avocet Resources of
Perth, Australia, and is focused on advancing the Tuvatu Gold
Project in Fiji, the Olary Creek Iron Ore Project in South
Australia, and additional exploration-stage projects in Fiji,
Australia, and Argentina.
On Behalf of the Board of Directors
Walter H. Berukoff, Chairman of the Board, Lion One Metals
Limited
Neither the TSX Venture Exchange nor its Regulation Service
Provider accepts responsibility for the adequacy or accuracy of
this release.
This press release may contain "forward-looking information"
within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included
herein are forward looking information. Generally, forward-looking
information may be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect",
"proposed", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases, or by the use
of words or phrases which state that certain actions, events or
results may, could, would, or might occur or be achieved. This
forward-looking information reflects Lion One Metals Limited's
current beliefs and is based on information currently available to
Lion One Metals Limited and on assumptions Lion One Metals Limited
believes are reasonable. These assumptions include, but are not
limited to, the actual results of exploration projects being
equivalent to or better than estimated results in technical
reports, assessment reports, and other geological reports or prior
exploration results. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of Lion One Metals Limited or its subsidiaries to be
materially different from those expressed or implied by such
forward-looking information. Such risks and other factors may
include, but are not limited to: the early stage development of
Lion One Metals Limited, general business, economic, competitive,
political and social uncertainties; the actual results of current
research and development or operational activities; competition;
uncertainty as to patent applications and intellectual property
rights; product liability and lack of insurance; delay or failure
to receive board or regulatory approvals; changes in legislation,
including environmental legislation, affecting mining, timing and
availability of external financing on acceptable terms; not
realizing on the potential benefits of technology; conclusions of
economic evaluations; and lack of qualified, skilled labor or loss
of key individuals. Although Lion One Metals Limited has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. Accordingly, readers
should not place undue reliance on forward-looking information.
Lion One Metals Limited does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
Lion One Metals LimitedInvestor
Relations604-998-1250604-998-1253info@liononemetals.comwww.liononemetals.com
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