Tarku announces election results for the Annual General and Special Meeting
MONTREAL, March 14, 2019. Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) is pleased to announce that at its Annual General and Special Meeting held on March 12, 2019 in Montréal, Tarku Shareholders have re-elected as directors: Bernard Lapointe, Julien Davy, Benoit Lafrance, Tim Termuende, Barry Chappell and Jeff Sheppard, approved the stock option plan, as described in the Information Circular and approved Davidson & Company LLP. to continue as the independent auditor of the Corporation.
Following the annual meeting, the Board of Directors appointed the following persons as officers of the Corporation: Bernard Lapointe, Chairman of the Board, Julien Davy, President and Chief Executive Officer, Benoit Lafrance, Exploration Manager and Jeff Sheppard, Chief Financial Officer and Corporate Secretary.
The board of directors is also proposing to extend the expiry date of 1,935,000 outstanding common share purchase warrants (the “Warrants”). The Warrants were issued in April 2017 pursuant to a private placement of Units. No Warrants have been exercised to date. Each Warrant entitles its holder to purchase one common share (a “Share”) at a price of $0.08 per Share until April 18, 2019. Subject to TSX Venture Exchange approval, the expiry date of the Warrants will be extended to April 18, 2020. All other terms of the Warrants shall remain unchanged and in full force and effect.
In addition, the board of directors has approved the grant of 3,600,000 stock options pursuant to the Company’s Stock Option Plan. The options, which were granted to directors and officers, are exercisable at $0.10 per share, and if not exercised, expire March 13, 2024, subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSX Venture Exchange.
For more information, please visit the Company’s web site or contact:
Julien Davy, President & CEO
+1 (514) 618-7287
Neither 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 release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.