Atlantic Industrial Minerals Incorporated Results of Annual and Special General Meeting of Shareholders
NEWS RELEASE
ATLANTIC INDUSTRIAL MINERALS INCORPORATED RESULTS OF ANNUAL AND SPECIAL GENERAL MEETING OF SHAREHOLDERS
HALIFAX, NOVA SCOTIA -- (Stockwatch Tuesday January 13, 2015) – J. François Lalonde, President of Atlantic Industrial Minerals Incorporated. ("AIM" or the “Corporation”) (NEX: ANL) is pleased to announce the results of its Annual and Special General Meeting of Shareholders (the "Meeting") held on December 31, 2014 in Vancouver, British Columbia. At the Meeting, shareholders approved all resolutions put before them by management including the unanimous election of all management nominees to the board of directors, the re-appointment of the auditors, the re-approval of the Company's stock option plan, the change of name and the reduction in paid up capital.
Total Voting Shares
A total of 11,535,755 shares representing 46.83% of the issued capital were voted at the annual meeting. No shares or proxies were disqualified.
Election of the Board of Directors
Vote tally for the individual directors was as follows:
Director Votes For Votes Withheld J. François Lalonde 11,535,755 (100%) Nil (0%)
Greg Isenor 11,535,755 (100%) Nil (0%)
Paul Brownlee 11,535,755 (100%) Nil (0%)
Don Dudak 11,535,755 (100%) Nil (0%)
John Cumming 11,535,755 (100%) Nil (0%)
Appointment of Auditors
The shareholders re-appointed Morgan & Company LLP, Chartered Accountants, as the Company's auditor and authorized the directors to fix the auditors remuneration.
Share Incentive Plan including Stock Option Plan
The shareholders re-approved the Company's rolling incentive stock option plan.
Change of Name
The shareholders re-approved the change of name. The change of name remains subject to further action by the board of directors and required regulatory approvals.
Reduction in Paid Up Capital
The shareholders approved the reduction in paid up capital. The distribution of the Glencoe and Kewstoke limestone assets and the related reduction in paid up capital remains subject to further action by the board of directors and required regulatory approvals.
About AIM
AIM wholly owns Glencoe Resources Inc. which holds the 896 hectares Glencoe carbonate property, and directly owns the 384 hectares Kewstoke carbonate property, both located in Cape Breton, Nova Scotia.
On behalf of the Board
J. François Lalonde, President and CEO
Atlantic Industrial Minerals Inc.
Suite 820, Sun Tower, 1550 Bedford Highway Bedford, NS B4A 1E6 Tel.: (902) 832-5555 Fax: (902) 832-2223
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Neither the NEX 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.