Patriot Petroleum Corp. Anncounces Results of AGM
PATRIOT PETROLEUM CORP. NEWS RELEASE 918 - 1030 West Georgia Street TSX Venture Exchange Vancouver, BC V6E 2Y3 Trading Symbol: PPC
PATRIOT PETROLEUM CORP. ANNCOUNCES RESULTS OF AGM
November 10, 2016 - Vancouver, BC (TSX-V: PPC) Patriot Petroleum Corp. ("Patriot" or the "Company") announces that at the annual general shareholder meeting held on November 3, 2016, the shareholders voted in favour of appointing Gavin Cooper , the Company’s President, Kyle Stevenson, and William L. MacDonald as directors of the Company for the ensuing year.
The shareholders also voted in favour of all other matters put before the meeting, including:
- re-appointment of Crowe MacKay LLP, Chartered Accountants, as auditor of the Company for the ensuing year
- approval of the Company’s 10% rolling stock option incentive plan, as required annually by the policies of the TSX Venture Exchange
- approval to change the Company’s name from “Patriot Petroleum Corp.” to “Standard Lithium Corp.”
- approval to consolidate the common shares of the Company on the basis of one post-consolidation share for five pre-consolidation shares
- approving the continuance of the Company from the Business Corporations Act (British Columbia) to the Canada Business Corporations Act
- approving a new general by-law of the Company (including advance notice provisions) conditional upon the continuance of the Company under the CBCA becoming effective
The company has allocated an aggregate of 600,000 stock options to directors, officers and consultants of the Company. The options will be exercisable at the price of $0.25 for a period of three years from the date of grant, with vesting annually over that period. The options will be granted concurrently with the consolidation of the Company’s shares discussed above and completion of the proposed property acquisition announced by the Company in its news release of August 11, 2016.
On behalf of the board of
PATRIOT PETROLEUM CORP.
Per: "Gavin Cooper"
Gavin Cooper President and Director
For further information please contact Gavin Cooper at:
Telephone: (604) 639-9051
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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 PRESS RELEASE.