Astra Exploration Announces Results of Annual General Meeting and Issues Stock Options
ASTRA EXPLORATION INC. (TSX-V: ASTR, OTCQB: ATEPF)
NEWS RELEASE
Astra Exploration Announces Results of Annual General Meeting and Issues Stock
Options
Vancouver, British Columbia – December 23, 202 4 – Astra Exploration Inc. (TSX -V: ASTR,
OTCQB: ATEPF) (“Astra Exploration” or the “Company”) is pleased to report voting results for
the Company’s Annual General Meeting held on December 12, 2024, as follows:
Total votes numbered 33,656,970 representing 40.02% of the 84,091,108 issued and outstanding
shares, and all matters presented were approved as follows:
Details of the resolutions and Information Circular can be found on Sedar+ at
https://www.sedarplus.ca/landingpage/
Additionally, the Company announces that pursuant to its stock option incentive plan, it has issued
5,785,000 options to purchase common shares of the Company to directors, officers, and
consultants of the Company. The options have a strike price of $0.13 per share, an expiration
date of December 23, 2029, and vesting schedule of 1/3 immediately, 1/3 at 18 months and 1/3
at 36 months.
About the Company
Astra Exploration Inc. is a precious metals exploration company based out of Vancouver, BC that
is actively building a portfolio of high -quality projects in some of the most important mining
jurisdictions in Latin America. The Manchuria LSE gold -silver project over which Astra has an
option to acquire 90% interest, is located in the prolific Deseado Massif of Santa Cruz, Argentina
which hosts multiple world-class LSE precious metals deposits including Cerro Vanguardia and
Voting Item "Yes"
Votes
"No"
Votes
"Abstain"
Votes % Yes % No % Abstain
Set Number of Directors at Three 33,656,970 0 0 100.00% 0.0%
Elect Brian Miller as Director 32,975,151 0 681,819 97.97% 2.0%
Elect Charles Funk as Director 33,656,970 0 0 100.00% 0.0%
Elect Darcy Marud as Director 32,975,151 0 681,819 97.97% 2.0%
Appointment of Auditors 33,656,970 0 0 100.00% 0.0%
Approval of Stock Option Plan 33,654,938 2,032 0 99.99% 0.006% 0.0%
Cerro Negro. Astra’s 100% owned Pampa Paciencia low sulphidation epithermal (LSE) gold-silver
project is located in the Paleocene mineral province of northern Chile in proximity to such major
operating mines as Spence and Sierra Gorda, and shares several important geological similarities
to other Paleocene LSE gold-silver deposits including Faride and El Peñón.
For further information please contact:
Brian Miller
Chief Executive Officer
Tel. 604.428.0939
Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain "Forward–Looking Statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and "forward–looking information"
under applicable Canadian securities laws. When used in this news release, the words
"anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could",
"schedule" and similar words or expressions, identify forward–looking statements or information.
These forward–looking statements or information relate to, among other things, the intended
use of proceeds of the Offering, and exploration and development of the Company’s projects.
Forward–looking statements and forward –looking information relating to any future mineral
production, liquidity, and future exploration plans are based on management's reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on management's
experience and perception of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the circumstances, but which
may prove to be incorrect. Assumptions have been made regarding, among other things, the
receipt of necessary approvals, price of metals; no escalation in the severity of public health crises
or ongoing military conflicts; costs of exploration and development; the estimated costs of
development of exploration projects; and the Company's ability to operate in a safe and effective
manner and its ability to obtain financing on reasonable terms.
These statements reflect the Company's respective current views with respect to future events
and are necessarily based upon a number of other assumptions and estimates that, while
considered reasonable by management, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance, or achievements to be materially different
from the results, performance or achievements that are or may be expressed or implied by such
forward–looking statements or forward -looking information and the Company has made
assumptions and estimates based on or related to many of these factors. Such factors include,
without limitation: precious met als price volatility; risks associated with the conduct of the
Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks
relating to reliance on the Company's management team and outside contractors; risks regarding
exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on
a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to
generate sufficient cash flow from operations; risks relating to project financing and equity
issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of
reserves and resources, metallurgical recoveries and capital and operating costs of such projects;
contests over title to properties, particularly title to undeveloped properties; laws and regulations
governing the environment, health and safety; the ability of the communities in which the
Company operates to manage and cope with the implications of public health crises; the economic
and financial implications of public health crises, ongoing military conflicts and general economic
factors to the Company; operating or technical difficulties in connection with mining or
development activities; employee relations, labour unrest or unavailability; the Company's
interactions with surrounding communities; the Company's ability to successfully integrate
acquired assets; the speculative nature of exploration and development, including the risks of
diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among
certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and
the factors identified under the caption “Risk Factors” in the Company’s public disclosure
documents. Readers are cautioned against attributing undue certainty to forwar d–looking
statements or forward -looking information. Although the Company has attempted to identify
important factors that could cause actual results to differ materially, there may be other factors
that cause results not to be anticipated, estimated or in tended. The Company does not intend,
and does not assume any obligation, to update these forward –looking statements or forward -
looking information to reflect changes in assumptions or changes in circumstances or any other
events affecting such statements or information, other than as required by applicable law.