04:52:32 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Goldrock holders re-elect seven directors at AGM

2015-09-03 16:32 ET - News Release

Mr. Paul Matysek reports

SHAREHOLDER MEETING RESULTS

Goldrock Mines Corp. has provided an update of the results of its annual and special meeting of shareholders held on Sept. 2, 2015. At the meeting, the shareholders of the company overwhelmingly (more than 99 per cent) re-elected Paul F. Matysek, David Keough, David J. Raffa, Alexander A. Molyneux, Chad Williams, Giulio T. Bonifacio and Megan Cameron-Jones to the company's board of directors and reappointed Davidson & Company LLP, chartered accountants, as the auditor of Goldrock.

At the meeting, Goldrock's shareholders also approved the adoption of a shareholder rights plan to be effective as of Sept. 5, 2015. The rights plan is intended to provide for the fair treatment of shareholders in connection with any takeover bid for the company and is designed to provide the board and the shareholders with more time to fully consider any unsolicited takeover bid for the company without undue pressure. The rights plan will also allow the board to pursue, if appropriate, other alternatives to maximize shareholder value and to allow additional time for competing bids to emerge. The rights plan was not adopted in response to any proposal to acquire control of the company. The rights plan remains subject to the final approval of the TSX Venture Exchange.

A majority of the disinterested shareholders of company also approved the adoption of a restricted share unit plan at the meeting pursuant to which restricted share units may be granted to directors, executive officers, employees and consultants of the company and its subsidiaries. The purpose of the RSU plan is to assist and encourage eligible participants to work toward and participate in the growth and development of the company and its subsidiaries, and to provide such persons with the opportunity to acquire an ownership interest in the company. The RSU plan remains subject to the final approval of the TSX.

Further details regarding the rights plan and the RSU plan are contained in the company's information circular in respect of the meeting, which is filed under Goldrock's SEDAR profile.

The company also wishes to announce that the board has adopted a 10-per-cent fixed stock option plan to replace the company's current 20-per-cent fixed stock option plan which was originally adopted by the company and ratified by the company's shareholders in 2002. Stock options to acquire an aggregate of 6.13 million common shares in the capital of Goldrock granted and outstanding under the existing plan will be grandfathered under the new plan. The new plan is subject to the final acceptance of the TSX and does not require shareholder approval pursuant to the policies of the exchange.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.