Rochester Announces Results of the Annual General Meeting of Shareholders
TSX Venture: RCT Frankfurt: R5I
Suite 1305-1090 W. Georgia St., Vancouver, BC, V6E 3V7 ⧫ Phone: 604.685.9316⧫ Fax: 604.683.1585
News Release
ROCHESTER ANNOUNCES RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
Vancouver, British Columbia – December 18th, 2020: - Rochester Resources Ltd. (TSXV: RCT and Frankfurt: R5I) (the “Company”) announces that at the Company's Annual General Meeting of shareholders held on December 17, 2020, Messrs. Eduardo Luna, Nick DeMare, Marc Cernovitch, Joseph Keane, Michael Magrum and Simon Tam were re-elected as directors for the ensuing year. The shareholders also passed ordinary resolutions to appoint the auditor of the Company for the year and ratify the existing 10% rolling stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant.
In addition, disinterested shareholders passed ordinary resolutions to approve the debt settlement transaction arranged by the Company, which may result in the creation of new “Control Persons” of the Company, as defined under the policies of the TSX Venture Exchange, from the acquisition by each of Mr. Nick DeMare and Mr. Eduardo Luna of securities of the Company pursuant to such debt settlements. Details of the debt settlement transaction were announced on November 19th and December 11th, 2020.
Following the shareholders meeting, the Board appointed Mr. Nick DeMare as Chief Executive Officer, Mr. Eduardo Luna as Chairman, Mr. José Manuel Silva as Chief Financial Officer and Mr. Harvey Lim as Corporate Secretary. The Board also appointed Messrs. Marc Cernovitch, Nick DeMare and Joseph Keane to the audit committee.
ON BEHALF OF THE BOARD
“Nick DeMare”
CEO and Director
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 release.