Results of Annual and Special General Meeting
Rio Grande Mining Corp.
Suite 1128, 789 West Pender Street Vancouver, BC, V6C 1H2 Tel.: (604) 669-9330 Fax: (604) 669-9335
FOR IMMEDIATE RELEASE February 25, 2014
RESULTS OF ANNUAL AND SPECIAL GENERAL MEETING
Rio Grande Mining Corp. (“Rio Grande”, the “Company”) (TSX-V: RGV) wishes to announce that the nominees listed in the management proxy circular for the 2014 Annual and Special General Meeting of Shareholders held on February 21, 2014 were elected as directors of the Company for the ensuing year. The scrutineer reported that there was 17 management proxies received representing an aggregate of 1,388,534 shares. This represents 8.57% of the total 16,202,689 shares issued and outstanding as at the record date of January 17, 2014. Detailed results of the vote for directors of the Company are shown below:
| Nominee | Votes For | % For | Votes Witheld | % Witheld | |||||
|---|---|---|---|---|---|---|---|---|---|
| Adrian Lamoureux | 1,344,779 | 97.67% | 32,143 | 2.33% | |||||
| Dusan Berka | 1,344,779 | 97.67% | 32,143 | 2.33% | |||||
| Paul Chung | 1,344,779 | 97.67% | 32,143 | 2.33% | |||||
| Robert Findlay | 1,344,779 | 97.67% | 32,143 | 2.33% | |||||
| Michael Schuss | 1,344,779 | 97.67% | 32,143 | 2.33% |
In addition, Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s new 2014 Incentive Stock Option Plan. Shareholders also approved re-appointment of Manning Elliott LLP, Charter Accountants as auditors for the ensuing year and authorized the Directors to fix their remuneration.
All other resolutions submitted by management to Shareholders for consideration were approved as presented, including the approving the Advance Notice Policy of the Company dated October 1, 2013, new form of Articles of the Company and the change of name. At this time the board of directors will not be proceeding with the change of name and will update shareholders as the events arise.
At the directors meeting following the AGM, Mr. Lamoureux was re-elected as the Company's President and Chief Executive Officer, Mr. Dusan Berka as Chief Financial Officer and Corporate Secretary, and Mr. Michael Schuss as VP Exploration. The Audit Committee members for the ensuing year are Adrian Lamoureux, Robert Findlay and Paul Chung.
Subsequent to the Annual and Special Meeting of Shareholders, Mr. Michael Schuss resigned as director and VP Exploration in order to focus on his other professional commitments. The Company wishes to thank Mike for all his efforts and contribution to the Company, and wishes him the very best in all his future endeavours.
The Board of Directors would like to thank the Company’s shareholders for their continued support throughout the past year.
On behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
Adrian Lamoureux President & CEO
For more information please contact the Company at +1 604 669 9330 or +1 604 676 9650, or email [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.