A total of 7,595,424 common shares were represented in person or by proxy at the Meeting, representing 11% of the Company's issued and outstanding common shares. All directors nominated as listed in the information circular were re-elected.
Details of votes on all matters of business considered at the Meeting are available in the Company's report of voting results on SEDAR (www.sedar.com).
Grant of Stock Options
The Company also announces that incentive stock options have been granted to directors, officers, and consultants to purchase up to 750,000 common shares at a price of
About
On Behalf of the Board
This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in
M. Jonathan Hamel President & CEO jhamel@mosaicminerals.ca
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