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or Name
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CA



Anglo-Bomarc Mines Ltd (NPL)
Symbol ANB
Shares Issued 28,346,505
Close 2015-03-26 C$ 0.02
Market Cap C$ 566,930
Recent Sedar Documents

Anglo-Bomarc to raise up to $2-million in placement

2015-03-27 12:59 ET - News Release

Ms. Eva Miao reports

ANGLO-BOMARC MINES LTD. ANNOUNCES VOTING RESULTS OF ITS SHAREHOLDERS' MEETING AND PRIVATE PLACEMENT

Anglo-Bomarc Mines Ltd. has released the results of its annual and special general meeting held on Jan. 30, 2015, in Vancouver, B.C.

ANB shareholders elected Eva Miao, William Li, Russell Marshall and Gordon Guiboche as directors. The company is also pleased to announce that Ms. Miao was appointed as chief executive officer and corporate secretary, Mr. Li as president and chief financial officer, and the audit committee nominees are Eva Miao (chair), Russell Marshall and Gordon Guiboche.

The shareholders approved the company's incentive stock option plan as more particularly disclosed in the company's information circular. In accordance with TSX Venture Exchange policies, the company's incentive stock option plan was approved and ratified for the ensuing year. All other corporate matters, as disclosed in the company's information circular passed at the AGM.

The company intends to complete a non-brokered private placement to raise $1-million to $2-million for a minimum of 20 million units up to a maximum of 40 million units at five cents per unit. Each unit comprises one common share and one common share purchase warrant. Each warrant is exercisable into a common share at five cents per share for a term of five years.

The net proceeds of the private placement will be used for working capital, general corporate purposes, exploration programs, seeking projects and to repay the company's liabilities.

The common shares and warrants comprising the units will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. The private placement remains subject to the approval of the TSX Venture Exchange.

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