Crystal Lake Mining Announces Results of its Annual General Meeting and Special Meeting; Appoints Maurizio Napoli as CEO & Brian Moore as CFO
Crystal Lake Mining Announces Results of its Annual General
Meeting and Special Meeting; Appoints Maurizio Napoli as CEO &
Brian Moore as CFO
October 1, 2019, Vancouver, British Columbia - Crystal Lake Mining Corporation (TSXV:
CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company”) is pleased to announce
the results of voting of its Annual General and Special Meeting (the “ Meeting”) of shareholders
which was held at 11:00 am on September 30, 2019 in Vancouver, Canada.
All matters submitted to shareholders for approval as set out in the Company’s Notice of Meeting
and Information Circular, (both dated August 23 , 2019), were approved by the majority of votes
cast at the Meeting with a total of 34,383,710 common shares (the “Shares”) representing 32.03%
of the issued Shares of the Company represente d at the Meeting. Details of the Meeting are
provided below.
Appointment of Maurizio Napoli as CEO & President
The Company is pleased to a nnounce that Mr. Maurizio Napo li has been appointed CEO and
President of the Company. Maurizio (“Mars”) Napoli’s information and statement is added below.
Mr. Savage will remain as a member of the Company’s board of directors (the “ Board”). The
Company thanks him for his service as CEO an d value he has brought to the Company which
includes solidifying the acquisition of its Newmont Lake Project and for bringing in valuable and
strategic shareholders to the Company. The Company looks forward to his continued support as a
member of the Board.
Appointment of Brian Moore as CFO & Director
The Company is pleased to welc ome Mr. Brian Moore as CFO and a director of the Company.
Brian Moore’s information is added below.
He replaces Alphonse Ruggiero in the position wh o has stepped down as CFO of the Company.
Mr. Ruggiero will remain as a member of the Board. The Company thanks him for his service
while in the CFO position.
Number of Directors
- The number of Directors was set at five (5).
Election of Directors, Addition of new Director
- The director nominees were elected resulting in Lawr ence Roulston, Wally Boguski,
Richard Savage, Alphonse Ruggiero.
- The Chair informed that Mr. Dave Ellett stepped down as a nominee member of the Board
before the Meeting and informed that Mr. Brian Moore was nominated as a director of the
Company. The Company wishes to thank Mr. Ellett for his se rvice as a member of the
Company’s Board.
Appointment of Auditors
- Davidson & Company LLP, Chartered Accountants were re-appointed as auditors of the
Company.
Stock Option Plan
- 97.86% voted in favour of the adoption of a new 10% rolling stock option plan.
Re-pricing of Stock Options
- 97.66% voted in favour of the re-pricing of previously granted stock options to insiders of
the Company.
Plan of Arrangement Resolution
- 98.85% voted in favour of the special resolution with respect to the Plan of Arrangement,
which involves the distribution of common shar es of Sassy Resources Corporation to the
shareholders of the Company.
Maurizio Napoli (CEO & President) Information
Maurizio Napoli completed H.BSc. and M.Sc. degrees at Laurentian University. He worked for 2
years with the Ministry of Northern Deve lopment and Mines mapping the numerous gold
occurrences in the Fox Lake Belt near Whitefish Ontario. He continued his career with Inco,
IncoGold and Vale exploring for magmatic nick el-copper sulphides globally, gold in the Abitibi
Greenstone Belt and uranium in New Brunswick. He retired as an Exploration Manager from Vale
in 2016.
Maurizio Napoli, CEO & President stated, “Cryst al Lake’s Newmont Lake Project, is a multi-
focused high-grade gold, silver, copper and other strategic metals project, along the western flank
of the Eskay Rift in NW BC, in the heart of the Golden Triangle. The Company’s first season of
developing the Project has delineated three ex citing target areas fo r the Company and its
shareholders including the Newmont Lake Gold Corridor, Burgundy Ri dge & 72 Zone and the
Chachi Corridor. Numerous exciting results are forthcoming from all three zones. On behalf of our
whole team I’d like to thank everyone for the patience and support given to us which allowed us to
complete one of the largest junior exploration programs in the Golden Triangle this season.”
Brian Moore (Director & CFO) Information
Brian Moore has been providing taxation, accounting, and business advisory services since 1979,
establishing his own firm in 1986. His Partner Paul Turner and Brian co-founded TurnerMoore
LLP in 1994. Their firm is committed to helping business operators and entrepreneurs in building
and maintaining enterprises from start-up, growth and succession.
Brian is an active volunteer in his community, and over the past thirty years has served on carious
not-for-profit boards and in political organizations. He is a past Governor of CGA Ontario, past
member of committees for both CGA Ontario and CGA Canada, and currently serves as a Practice
Inspector for CGA Ontario. In 2009, CGA Canada awarded Bria n the Fellowship designation
(FCGA) in recognition of his contributions to CGA and the accounting profession.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based ju nior exploration company focused on building
shareholder value through high-g rade discovery opportunities in British Columbia and Ontario.
The Company has an option to ear n a 100% interest in the Newmon t Lake Project, one of the
largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s
Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Maurizio Napoli”
President & CEO
Email: [email protected]
www.crystallakemining.com
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