TORONTO--(BUSINESS WIRE)--Aldridge Minerals Inc. (TSX Venture: AGM) (“Aldridge” or the “Company”)
is pleased to report the results of the annual general meeting of the
shareholders of Aldridge held on June 24, 2014 in Toronto.
Election of Directors
The number of
directors has been set at nine and the following nominees were elected
as directors of Aldridge:
Hüseyin Talha Özkul
Newly appointed to the Aldridge board of directors (the “Board”) is Mr.
Özkul. Mr. Özkul has been Vice Chairman of Proges Professional
Security Systems Ltd. in Turkey since 2004. Mr. Özkul holds a Bachelor
of Arts degree in literature from the University of Istanbul and
completed his Master’s Degree in Labour Economics and Industrial
Relations at Sakarya University in Turkey. As a partner of Proges, Mr.
Özkul is also a consultant and member of the board of directors for
several privately held companies in Turkey.
Mr. Meric Oktar did not stand for re-election to the Board and the Board
and Management would like to thank him for his contributions to the
Appointment of Auditor
LLP, Chartered Accountants, has been re-appointed as auditor of the
Company for the ensuing year and the Board has been authorized to fix
Stock Option Plan
The amended and
restated stock option plan of the Company was re-approved, subject to
the review and acceptance of the TSX Venture Exchange.
continues to pursue alternative opportunities for interim financing
requirements, such as working capital, basic engineering and land
acquisition. With the support of its recently formed Finance Committee,
the Board is reviewing several indicative proposals that address these
Aldridge is a development stage mining
company focused on its wholly owned Yenipazar polymetallic VMS Project
(Au, Ag, Cu, Pb, Zn) in Turkey (the “Project”), a country that is
committed to developing its natural resources. Aldridge completed the
Yenipazar Optimization Study and filed the related NI 43-101 compliant
technical report in May 2014, which updated the original May 2013
Feasibility Study. The Company is currently advancing the Project on key
aspects including permitting, design, land acquisition and project
Caution Regarding Forward-Looking Information
release includes certain forward-looking statements within the meaning
of Canadian securities laws. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from those
expressed in such forward-looking statements. Forward-looking statements
in this news release, include, but are not limited to, economic
performance and future plans and objectives of Aldridge. Any number of
important factors could cause actual results to differ materially from
these forward-looking statements as well as future results. Although
Aldridge believes that the assumptions and factors used in making the
forward-looking statements are reasonable, undue reliance should not be
placed on these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur in
the disclosed time frames or at all. Aldridge disclaims any intention or
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news release.