2018 Annual General and Special Meeting of the Shareholders Results
HEAD OFFICE:
TSX-V: CBS Suite 810
Frankfurt: BVU 789 West Pender Street Vancouver, British Columbia www.bardventures.com V6C 1H2 [email protected] Tel: 604.687.2038 Fax: 604.687.3141
NEWS RELEASE
2018 ANNUAL GENERAL AND SPECIAL MEETING OF THE SHAREHOLDERS RESULTS
November 2, 2018 - Vancouver, British Columbia: Bard Ventures Ltd. (the “Company” or “Bard”) is pleased to announce the results of the Company’s Annual General and Special Meeting held Wednesday, October 31, 2018. The shareholders of the Company elected Eugene Beukman, Sheng (Sam) Wang, James (Jim) Miller-Tait, Ming Jiao and Ning Wu as directors of the Company for the upcoming year.
The Company has accepted the resignation of Youliang Wang as a Director effective October 31, 2018. The Board of Directors wishes to express its gratitude to Mr. Wang for his contributions to the Company and wish him well with his future endeavours.
The Directors appointed the following officers of the Company: Eugene Beukman, President and Chief Executive Officer and Sheng (Sam) Wang as Chief Financial Officer.
In accordance with the policies of the TSX Venture Exchange (the “Exchange”), the Company’s 2018 Stock Option Incentive Plan was approved by its shareholders at the Meeting, and is subject to the approval of the Exchange.
Shareholders also passed a special resolution that the Company is authorized and directed to enter into a non-brokered private placement (the “Private Placement”) with Ning Wu or any of his Affiliates or Associates or persons controlled by him (the “Subscribers”) of up to 21,818,182 units (the “Units”) of the Company at a price of $0.11 per Unit for gross proceeds of up to $2,400,000 (the “Offering”). Each unit will consist of one (1) common share (the “Common Share”) and one (1) Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one
(1) Common Share of the Company at an exercise price of $0.11 per Common Share for a period of two (2) years from the date of closing. The Company intends to use the net proceeds from the Private Placement for general working capital purposes. The participation of Mr. Wu is subject to applicable regulatory approvals including the approval of the TSXV in accordance with Policy 4.1 and, as applicable other Policies within the Exchange’s Corporate Finance Manual.
The Board of Directors and Management would like to thank all shareholders for their support and confidence.
On behalf of:
Bard Ventures Ltd.
“Eugene Beukman”
Eugene Beukman, CEO
Bard Ventures Ltd. November 2, 2018 News Release Page 2 of 2
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forwardlooking 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 the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.