Baselode Announces 2022 AGM Results
Baselode Announces 2022 AGM Results
Toronto, Ontario – August 8, 2022 – Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF)
(“Baselode” or the “Company”) is pleased to announce the results of its annual general and
special meeting of shareholders, which was held yesterday (the “Meeting”). All matters submitted
to shareholders for approval as set out in the Company’s Notice of Meeting and Information
Circular (the “Circular”), dated June 24, 2022 , were approved by the requisite majority of votes
cast at the meeting as follows:
1) The financial statements of the Company were received and considered together with the
auditor's report thereon for the financial year ended December 31, 2021;
2) The number of directors was fixed at four (4);
3) The following directors have been elected for the ensuing year: Stephen Stewart, James
Sykes, Michael Mansfield and Charles Beaudry;
4) McGovern Hurley LLP has been reelected as the Company’s auditor for the ensuing year;
5) An ordinary resolution was approved to grant Escrowed Optio ns, as more particularly
described in the Circular; and
6) A new 20% fixed option plan (“Option Plan”) was approved with the reservation of
Common Shares and certain amendments as more particularly described in the Circular;
The Board of Directors has also approved the grant of stock options to directors, officers,
employees, and consultants of the Company allowing for the acquisition of up to, in the aggregate,
4,000,000 shares of the Company. The options will vest in 12 months and are exercisable at $.80
per share for five years from the date of grant and are subject to regulatory policies.
About Baselode Energy Corp.
Baselode controls 100% o f approximately 227,000 hectares for exploration in the Athabasca
Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements
or underlying royalties.
Baselode's Athabasca 2.0 exploration thesis focuses on discovering near -surface, basement -
hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is
further compl emented by the Company's preferred use of innovative and well -understood
geophysical methods to map deep structural controls to identify shallow targets for diamond
drilling.
For further information, please contact:
Baselode Energy Corp.
FIND on the TSXV
www.baselode.com
James Sykes, CEO, President and Director
306-221-8717
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the TSX
Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain forward -looking statements. This
information is based on current expectations that are subject to significant risks and uncertainties
that are difficult to predict. Therefore, actual results might differ materially from those suggested
in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the
forward-looking statements or to update the reasons why actual results could differ from those
reflected in the forward looking-statements unless and until required by securities laws applicable
to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained
in the Company's filings with Canadian securities regulators, which filings are available under
Baselode Energy Corp. profile at www.sedar.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state
securities laws, unless an exemption from such registration is available.