Troymet Shareholders Approve All Matters at AGM
CAN: 25859910.2
TSXV : TYE
www.TroyMet.com
Troymet Shareholders Approve All Matters at AGM
February 16, 2018 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet”) is pleased to announce that all
matters set forth in the management proxy and information circular dated January 9, 2018 (the “Circular”)
were approved by the shareholders of Troymet (“Shar eholders”) at Troymet's annual general and special
meeting (the “Meeting”) of Shareholders held on February 16, 2018.
Annual General and Special Meeting
All directors as set forth in the Circular were re-elected with each director receiving at least 72.55% of the
votes being cast at the Meeting for the election of such director. The current directors of Troymet ar e
Kieran M.J. Downes, Richard Kusmirski, David Billar d and Ronald Hugh McMillan. Crowe Mackay
LLP, Chartered Accountants, was appointed as the au ditors of Troymet with over 79.56% of the votes
being cast at the Meeting for the appointment of th e auditors. The stock option plan of Troymet was re -
approved with over 72.02% of the votes being cast a t the Meeting for the re-approval of the stock opti on
plan. The consolidation of the common shares of Tro ymet on the basis of one (1) new common share for
up to every existing twenty (20) common shares issu ed and outstanding immediately prior to the
consolidation (the “Consolidation”) was approved wi th approximately 70.27% of the votes being cast at
the Meeting for the approval of the Consolidation. The name change of the Corporation to “Bessor
Minerals Inc.” or such other name as the directors, in their discretion, may resolve (the “Name Change ”),
was approved with approximately 71.57% of the votes being cast at the Meeting for the approval of the
Name Change.
Further disclosure on the matters approved at the M eeting can be found in the Circular, which was file d
on SEDAR on January 9, 2018.
Based on preliminary information, approximately 22, 312,100 million common shares were voted at the
Meeting, representing approximately 18.31% of the outstanding common shares of Troymet.
Consolidation and Name Change
The Consolidation and the Name Change that were app roved as set forth above, each included the
authorization of the Shareholders for Troymet to not proceed with the Consolidation or the Name Change
at the sole discretion of the board of directors of Troymet. The board of directors of Troymet current ly
has not made any decision as to whether or not Troy met will implement the Consolidation (and if so,
when and at what ratio) or the Name Change. A furth er press release will be issued in the event that t he
board of directors of Troymet determines to impleme nt the Consolidation (and if so, when and at what
ratio) or the Name Change.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Investor Relations
Tel: 250-729-0453
Email: [email protected]
Website: www.troymet.com
Box 37033, Country Club PO, Nanaimo, BC V9T6N4 Tel: (250) 729-0453 E: [email protected]
CAN: 25859910.2
Neither the TSX Venture Exchange 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 news release.
This news release contains certain forward-looking information. All statements included herein, other than
statements of historical fact, are forward-looking information and such information involves various r isks and
uncertainties. In particular, this news release con tains forward-looking information in respect of the potential
Consolidation of the common shares of Troymet, the Name Change and whether or not Troymet will implement the
Consolidation and the Name Change. There can be no assurance that such information will prove to be accurate, and
actual results and future events could differ mater ially from those anticipated in such information. T his forward-
looking information reflects Troymet's current beli efs and is based on information currently available to Troymet
and on assumptions Troymet believes are reasonable. These assumptions include, but are not limited to, the current
share price of Troymet's common shares, anticipated exploration costs and results of Troymet's project s and
exploration and development of Troymet's projects, other costs and expenses of Troymet and possible fi nancing
scenarios. Forward-looking information is subject t o known and unknown risks, uncertainties and other factors
which may cause the actual results, level of activi ty, performance or achievements of Troymet to be ma terially
different from those expressed or implied by such f orward-looking information. Such risks and other fa ctors may
include, but are not limited to: the early stage development of Troymet and its projects; general business, economic,
competitive, political and social uncertainties; ca pital market conditions and market prices for secur ities, junior
market securities and mining exploration company se curities; commodity prices; the actual results of c urrent
exploration and development or operational activities; competition; changes in project parameters as p lans continue
to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive
board or regulatory approvals; changes in legislation, including environmental legislation, affecting Troymet; timing
and availability of external financing on acceptabl e terms; conclusions of economic evaluations; and l ack of
qualified, skilled labour or loss of key individuals. A description of other assumptions used to develop such forward-
looking information and a description of other risk factors that may cause actual results to differ ma terially from
forward-looking information may be found in Troymet 's disclosure documents on the SEDAR website at
www.sedar.com. Troymet does not undertake to update any forward-looking information except in accordance with
applicable securities laws.