Mr. Gary Musil reports
ANNUAL GENERAL MEETING RESULTS
The nominees listed in International Montoro Resources Inc.'s management information circular for the 2019 annual general meeting of shareholders held on June 27, 2019, were elected as directors for the upcoming year. The shareholders re-elected Gary Musil, Roger Agyagos, Brent Griffin and Fraser Rieche. The scrutineer reported that there were a total of 40 shareholders holding 5,470,307 shares represented in person or by proxy at the meeting. This represents 15.13 per cent of the total 36,157,105 shares issued and outstanding as at record date.
Detailed results are set out in the attached table.
Resolution Votes for (%)
Fixing the number of directors 93.60%
Election of directors
Gary Musil 99.02%
Roger Agyagos 93.60%
Brent Griffin 93.36%
Fraser Rieche 93.60%
Appointment of auditor 93.60%
Approval of the stock option plan 93.36%
The final resolution submitted by management to shareholders for consideration was also approved as presented, that being the ratifying of the company's advance notice policy (ANP) at 93.36 per cent, as attached to the information circular as Schedule C. In order for the ANP to remain in effect, the ANP must be ratified, confirmed and approved at each subsequent annual general meeting.
At the directors meeting following, the directors reappointed Mr. Musil as president/chief executive officer and Mr. Rieche as corporate secretary/chief financial officer for the upcoming year. The audit committee will comprise Mr. Musil, Mr. Agyagos and Mr. Griffin. The directors also fixed the remuneration to be paid to the auditor for the financial year ended Aug. 31, 2018.
Bruce E. Bried did not stand for re-election this year. The board of directors would like to thank Mr. Bried for his advice, support and services on the board for over 17 years, and serving on various committees during that time. All the best to Mr. Bried in his retirement and future endeavours.
The board of directors would also like to thank the company's shareholders for their patience and continued support in these difficult markets throughout the past year.
About International Montoro Resources Inc.
In February, 2019, Montoro entered into acquisition agreements with various vendors to acquire claims in the Cariboo mining division, British Columbia, and following exchange approval on the Wicheeda North claims (1,444 hectares), the company has increased the claim block by a further 563 hectares for a total of 2,007 hectares. The claim block adjoins the well-known Wicheeda rare-earth-element discovery on the north and northwest. Montoro will continue to focus on advancing its 100-per-cent-owned, Serpent River-Elliot Lake, Northern Ontario, Pecors magnetic anomaly, a potential nickel-copper-platinum-group-element discovery.
We seek Safe Harbor.
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