Silver Mountain Announces Results of Annual General and Special Meeting
SILVER MOUNTAIN ANNOUNCES RESULTS
OF ANNUAL GENERAL AND SPECIAL
MEETING
TORONTO
,
June 30, 2023
/CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB:
AGMRF) (BVL: AGMR) ("
Silver Mountain
", "
AGMR
" or the "
Company
") is pleased to announce
the results of its annual general and special meeting of shareholders held on
June 27, 2023
(the
"
Meeting
").
At the Meeting, each of the director nominees listed in the Company's management information
circular dated
May 29, 2023
(the "
Circular
") were elected as directors of the Company, including
Julio Jose Arce Ortiz
,
Alfredo Plenge Thorne
,
Jose Vizquerra
,
Juan Carlos Ortiz
and
Timothy
Loftsgard
. The shareholders of the Company also approved the re-appointment of BDO Canada
LLP as the auditors of the Company for the ensuing year and authorized the board of directors to fix
their remuneration and terms of engagement.
At the Meeting, the shareholders of the Company also approved the Company's omnibus equity
incentive plan (the "
Equity Incentive Plan
"), in accordance with the TSX Venture Exchange rules
and policies. The Equity Incentive Plan provides for a "rolling 10% plan" in respect of stock options
and a "fixed 10% plan" in respect of other awards, permitting the issuance of up to 21,746,986 class
A common shares in satisfaction of such other awards. A copy of the Equity Incentive Plan is
attached as a schedule to the Circular, which is available on the Company's SEDAR profile at
www.sedar.com
.
Victoria Vargas
and
Blair Zaritsky
did not stand for re-election at the Meeting. "On behalf of the
board of directors, I would like to thank Victoria and Blair for their service as directors and their
valuable contributions to the Company," said
Jose Vizquerra
, Chair of the Company's board of
directors.
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production
at the Reliquias underground mine and undertake exploration activities at its prospective silver
camps at the Castrovirreyna Project in Huancavelica,
Peru
.
For additional information in respect of the Castrovirreyna Project, please refer to the Company's
technical report, titled NI 43-101 Technical Report Mineral Resource Estimate for the Reliquias
Mine, Huancavelica,
Peru
, dated
March 27, 2023
, effective date
March 18, 2023
, available at
https://sedar.com
.
For further information about the Company's drill program, including cross sections of the main veins
with drill hole locations, please refer to the Company's corporate presentation, available on its
website at
www.agmr.ca
. Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns
100% of its concessions and holds more than 60,000 hectares in the district of Castrovirreyna,
Huancavelica,
Peru
.
www.agmr.ca
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, "
forward-looking statements
") that relate
to Silver Mountain's current expectations and views of future events. Any statements that express, or
involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or
performance (often, but not always, through the use of words or phrases such as "will likely result",
"are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated",
"intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical
facts and may be forward-looking statements and may involve estimates, assumptions and
uncertainties which could cause actual results or outcomes to differ materially from those expressed
in such forward-looking statements. No assurance can be given that these expectations will prove to
be correct and such forward-looking statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of
risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors
set forth under "
Forward-Looking Statements"
and "
Risk Factors
" in the Company's final prospectus
dated
January 26, 2022
, and other disclosure documents available on the Company's profile at
www.sedar.com
. Silver Mountain undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as may be
required by law. New factors emerge from time to time, and it is not possible for Silver Mountain to
predict all of them or assess the impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from those contained in any forward-
looking statement. Any forward-looking statements contained in this news release are expressly
qualified in their entirety by this cautionary statement.
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.
SOURCE
Silver Mountain Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/June2023/30/c2957.html
%SEDAR: 00052252E
For further information:
Alvaro Espinoza, CEO, [email protected]; Silver Mountain Resources
Inc, 82 Richmond Street East, Toronto, ON M5C 1P1, +51 997 377 968, [email protected]
CO: Silver Mountain Resources Inc.
CNW 16:20e 30-JUN-23