Management’s Recommendations Approved by Shareholders at AGM
News Release
MANAGEMENT’S RECOMMENDATIONS APPROVED BY SHAREHOLDERS AT AGM
Vancouver, BC – Thursday, April 28, 2011
Apella Resources Inc. (TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to report that all of Management’s proposed recommendations submitted for ratification by the Company’s shareholders at the Company’s Annual General (“AGM”) and Special Meeting held April 21st, 2011 were approved. Shareholders continued to display strong support of the initiatives carried out on their behalf by the Company’s management and Board.
Patrick D. O’Brien ICD.D, Brian F. Adams FCGA, Robert Collette and Don Venturi were all re-elected to the Board of Directors; with each receiving in excess of 90% of the votes cast. Patrick D. O’Brien was re-appointed as Chairman of the Board, Christopher B. Chu as the Corporate Secretary and Brian F. Adams as the Chair of the Audit Committee.
Apella’s Chairman Patrick D. O’Brien, ICD.D states, “Apella’s directors are very pleased and appreciative to have received such overwhelming and resounding support from the Company’s shareholders. With the key March 2011 award to Apella of the long sought after Lac Dore Vanadium-Iron-Titanium assets management looks forward to moving the Lac Dore and Iron-T deposits towards production. On behalf of the Board of Directors I wish to thank the shareholders for expressing so much support for the members of their Board.”
Shareholders also received and approved the; 1) Report of the Directors; 2) audited financial statements and auditor’s report; 3) appointment of the auditors for the ensuing year and remuneration of the auditors; 4) the fixing of the number of directors to four; and, 5) Company’s stock option plan and the issuance of stock options as proposed. There was no new business arising at the meeting. In matters regarding amending the Company’s stock option plan, votes of “Insider’s”, per the rules, were excluded from the tally in passing the motions.
In the final segment of the meeting Chairman Patrick O’Brien presented to those in attendance a detailed presentation on the Iron-T and Lac Dore deposits. Mr. O’Brien’s enlightening presentation provided insight into Apella’s successful yet lengthy 3 ½ year campaign in overcoming challenges from the Quebec Government’s SOQUEM/SGF and Ministry of Natural Resources over title to a significant number of highly prized mineral claims overlying the Lac Dore Vanadium-Iron- Titanium mineral deposit near Chibougamau, Quebec. The attendees were provided with the details and various handouts that will allow them to understand exactly why SOQUEM/SGF contested so tenaciously the ownership of the very deposit they once owned and controlled as a crown asset. Mr. O’Brien also fully explained in detail how the company intends to finance and exploit the Iron-T and Lac Dore deposits and the logic behind the plan. By the end of the presentation the shareholders in attendance had a very clear understanding of the strategic objectives ahead.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
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