Montreal, Quebec, June 26, 2019 – SRG Graphite Inc. (TSXV: SRG) (“SRG” or the “Company) is pleased to announce that all resolutions as set out in the Company’s notice of meeting and information circular dated May 9, 2019, were passed by the requisite majority at its annual general and special meeting held in Mont-Royal Quebec on June 20, 2019 (the “AGSM”)
PricewaterhouseCoopers LLP, Chartered Professional Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company’s 2019 10% rolling stock option plan.
The following eight incumbent directors were re-elected:
- Benoit LaSalle FCPA, FCA
- Marc-Antoine Audet
- Marc Filion
- Marcel Duchesne
- Yves Grou
- Koudougou Abdoulaye Compaore; and
- Abdoul Aziz Nassa
Following the AGSM, the Board of Directors re-appointed Benoit LaSalle FCPA FCA as Executive Chairman of the Board, Ugo Landry-Tolszczuk as President, COO and CFO, Elias J. Elias as Vice-President Legal and Corporate Affairs and Corporate Secretary and Raphael Beaudoin as Vice President Operations, Metallurgy and Process Design.
The Company wishes to announce that subject to TSX-V approval it intends to change its name to SRG Mining Inc. The Company’s shareholders approved a special resolution in this regard at the Company’s AGSM. The Company will retain the trading symbol “SRG”. The new domain name will be www.srgmining.com. A further news release will be issued announcing the effective date of the change of name.
Shareholders are not required to take any action in connection with the change of name and share certificates bearing the name “SRG Graphite Inc.” remain valid and need not be exchanged.
Adoption of DSU Plan
The Company also wishes to announce the Company has received shareholder approval at the AGSM of the adoption by the Board of Directors of a deferred share unit plan (the “DSUP”) The DSUP is a non-dilutive long-term incentive plan in which employees, including named executive officers, directors and any other person designated by the Board can participate. The DSUP is intended to advance the interests of the Company through the motivation, attraction and retention of Directors, executive officers, employees, service providers or any other person designated by the Board to participate in the DSUP. The DSUP is subject to the approval of the TSX Venture Exchange.
The Company is pleased to announce that Mr. Vincent P. Hogue M Sc has been appointed an additional director of the Company effective June 20, 2019. Mr. Hogue was first appointed as an Observer to the Board of Directors on October 22, 2019.
SRG is a Canadian-based company focused on developing mineral deposits located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally, and ethically responsible manner.
For additional information, please visit SRG’s website at www.srggraphite.com.
Ugo Landry-Tolszczuk Benoit La Salle, FCPA FCA
Tel: +1 (514) 679-4196 Tel: +1 (514) 951-4411
Email: firstname.lastname@example.org Email: email@example.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking information” within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “will”, “continue”, “demonstrate”, “potential”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would” or “might”. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development, and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) fluctuations in commodity prices and other risks and factors described or referred to in the section entitled “Risk Factors” in the MD&A of the Company and which is available at www.sedar.com, all of which should be reviewed in conjunction with the information found in this news release.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities and no material adverse change in mineral prices. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company’s business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.