Puma Announces the Results of Its Annual Meeting of Shareholders and Appointment of Christian Tweedy as Head of Capital Marke...
September 08 2020 - 10:42AM
Puma Exploration Inc. (TSXV: PUMA) (the "Company" or "Puma") is
pleased to announce the results of its Annual Meeting of
Shareholders (“AGM”) held on September 3th, 2020 in Rimouski,
Quebec. All matters submitted to shareholders for approval as set
out in the Company’s Circular dated July 20, 2020 were approved. A
total of 15,044,954 common shares were voted at the AGM,
representing 26% of the issued common shares of the Company. These
matters included the appointment of directors and auditors.
The following Directors have been elected with
an approval rate of 91.4% or more: Marcel Robillard, Richard
Thibault, and Michel Fontaine. Mallette L.L.P. were appointed as
the auditors for the financial year ending February 28, 2021 with
an approval rate of 99.8%.
In addition, during the meeting of the Board of
Directors that followed the AGM, Marcel Robillard was re-elected as
President, CEO and Chairman of the Board and Ginette G. Brisson was
re-elected to the positions of CFO and Secretary. Richard Thibault,
Marcel Robillard, and Michel Fontaine will form the audit
committee. The Board of Directors also reappointed Réjean Gosselin
as Director effective immediately.
“The Board of Directors would like to thank
Raphael Fournier for his support and contribution to the
restructuration of the company within the last year. Mr. Fournier
could not renew his position within the Board of Directors and his
role as Director of Corporate Communications. I personally want to
wish Raphael good luck with his new challenges and opportunities
with Investissement Québec” notes Marcel Robillard, President and
CEO of Puma Exploration.
CAPITAL MARKETS
COMMUNICATIONSPuma Exploration welcomes Christian Tweedy
as Head of Capital Markets Communications within the Company. Mr.
Tweedy is a Capital Markets professional with 4 years of Investor
Relations experience. Prior to joining Puma Exploration, he was a
relationship manager at Invesco (IVZ:NYSE), a global asset
management firm with one trillion dollars assets under management.
Previously to that, Christian spent three years in the United
Kingdom working for a high growth real estate investment trust
where he played a key role in helping grow the firm's assets under
management and helped lead the Investor Relations team. Christian
holds the Chartered Investment Manager designation and has a B.A.
in Communications from Simon Fraser University. Mr. Tweedy
will enhance the synergy between all marketing and communications
stakeholders and available tools such as the advertising products
and publications, social media and website updates, and the overall
communications with shareholders. Christian is based out of
Vancouver and can be reached by email at:
ctweedy@explorationpuma.com.
STOCK OPTION PLANThe Company
further announces that it has increased its fixed less than 10%
Stock Option Plan from 2,100,000 shares to 5,500,000 shares (the
"Amended Plan"), which remains less than 10% of the Company's
current issued and outstanding share capital. The Amended Plan is
subject to receipt of acceptance from the TSX Venture Exchange (the
"Exchange").
TRIPLE FAULT GOLD PROJECTThe
Triple Fault Gold Project includes three (3) properties named
Williams Brook Gold, Jonpol Gold, and Portage Lake properties
covering more than 30,000 hectares of favorable gold exploration
land package. The project is located about 60km west of Bathurst
with the paved road cross-cutting the property.
Puma is currently focusing its field work on its
first priority, the Williams Brook property. The Williams Brook
Gold property includes selected drill results of 11.2 g/t over
2.8m, 2.1 g/t Au over 9.0m and 1.0 g/t over 23m, gold occurrences
grading up to 109.0 g/t Au, 50.8 g/t Au, 38,9 g/t Au in bedrock,
numerous gold soil anomalies and extremely anomalous till samples
with up to 508 gold grains that occur over an area approximately 12
by 3 kilometres.
There has been very limited drilling and
exploration in the area mapped to be part of The Dunnage Zone
hosting major gold deposits and gold occurrences in siluro-devonian
rocks and considered as an emerging gold exploration and
development district.
QUALIFIED PERSONSMarcel
Robillard, MSc., PGeo, qualified person as defined by Canadian
National Instrument 43-101 standards, has reviewed and approved the
information reported in this news release. Neither 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. Mr.
Robillard is President and CEO of the Company.
ABOUT PUMA EXPLORATIONPuma
Exploration is a Canadian-based mineral exploration company with
precious and base metals projects in early to advanced stages
located in the Famous Bathurst Mining Camp (BMC) in New Brunswick,
Canada. Great efforts will be made by the Company in the coming
years to deploy its DEAR strategy (Development,
Exploration, Acquisition and Royalties) in order to generate
maximum value for shareholders with low shares dilution.
You can visit us on Facebook / Twitter /
LinkedInLearn more by consulting www.pumaexploration.com for
further information on Puma.
Marcel Robillard, President (418) 724-0901;
president@explorationpuma.comChristian Tweedy, Communications;
ctweedy@explorationpuma.com
Forward-Looking Statements: This press release
may contain forward-looking statements. Such forward-looking
statements involve a number of known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Puma to be materially different from
actual future results and achievements expressed or implied by such
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements which speak only
as of the date the statements were made, except as required by law.
Puma undertakes no obligation to publicly update or revise any
forward-looking statements. These risks and uncertainties are
described in the quarterly and annual reports and in the documents
submitted to the securities administration.
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