Montreal, Quebec, June 19, 2020 – SRG Mining 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 15, 2020, were passed by the requisite majority at its annual general meeting held in Mont-Royal Quebec on June 19, 2020 (the “AGM”)
PricewaterhouseCoopers LLP, Chartered Professional Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company’s 2020 10% rolling stock option plan and DSU Plan.
The following seven incumbent directors were re-elected:
- Benoit La Salle FCPA, FCA;
- Marc-Antoine Audet;
- Marc Filion;
- Yves Grou;
- Rene Lessard;
- Yacouba Sare; and
- Abdoul Aziz Nassa
The Company is also pleased to announce that at the AGM, shareholders approved the appointment of Alhamdou Diagne to the Board of Directors.
Alhamdou Diagne, an officer of the French Legion of Honor is a veterinary doctor, specialist in reproductive pathology and animal production in hot countries and tropical pathology. Dr. Diagne is a graduate of the Veterinary Academy of Ukraine (gynecological-obstetrics department), the ENVA of Maisons-Alfort in France (reproductive pathology and animal production and tropical veterinary medicine), the IEMVT (Institute of Veterinary Medicine of Tropical Countries for Tropical Pathology and Animal Production of Hot Countries), of the CES of Epidemiology (Institut Pasteur France), the London School of English and the Paris Center for Diplomatic and Strategic Studies in International Relations and expert in international investments). Dr. Diagne acts as President of D.A.-Consulting in Paris in the search for financing, business development, international investments and follow-up of consulting files. He is also an advisor to several Heads of State and governments, thanks to his strong experience and extensive relationship network in Africa. He is also a member of the Africa, Asia and Latin America committees of the Medef International of French employers. He collaborates in the opening of banks in Africa as well as in the mobilization of financing funds and investors for the energy mining infrastructure sectors
Following the AGM, 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.
STOCK OPTION GRANT
The Company is pleased to announce that, pursuant to its Stock Option Plan and subject to regulatory acceptance, it has granted an aggregate total of 950,000 incentive stock options to certain directors, officers and consultants of the Company, subject to certain vesting provisions. These options will be exercisable at a price of $0.51 per common share and will expire on June 18, 2030.
The Company is pleased to announce that, pursuant to its DSU Plan and subject to regulatory acceptance, it has granted an aggregate total of 171,570 Deferred Share Units (DSUs) to directors. The DSUs were priced based on the closing price of the common shares on the TSXV the day before the date of the grant of the DSUs. The DSUs may not be exercised until a director ceases to serve on the Board.
About SRG Mining
SRG Mining is a Canadian-based mining company focused on developing the Lola graphite deposit 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.srgmining.com.
Ugo Landry-Tolszczuk Benoit La Salle, FCPA FCA
Email: email@example.com Email: firstname.lastname@example.org
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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 “firm”, “anticipated”, “potential”, “will”, “continue”, “demonstrate”, “deliver”, “believe”, 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 and mine plans for the Company’s mining operations; (v) the risk associated with establishing title to mineral properties and assets including permitting, development, operations and production from the Company’s operations being consistent with expectations and projections; (vi) fluctuations in commodity prices, finding offtake takers and potential clients or enforcing such agreements against same 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.
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.