Far Resources Provides Results of Annual General Meeting of Shareholders held on December 19, 2018
Far Resources Provides Results of Annual General Meeting of
Shareholders held on December 19, 2018
January 14, 2018, VANCOUVER, CANADA – Far Resources Ltd (CSE:FAT) (FSE:F0R)
(OTC:FRRSF) is pleased to provide the results of the Annual General Meeting of shareholders held on
December 19, 2018 (the “Meeting”).
Meeting
At the Meeting, shareholders re-elected Toby Mayo, Lindsay Bottomer, Shastri Ramnath and Frank
Anderson to the board. Shareholders also elected Murray Seitz and James Royall as directors, with the
number of directors for the next year being set at six.
The Board of Directors reappointed Toby Mayo as President and CEO. Cyrus Driver was reappointed
Chief Financial Officer and Lindsay Bottomer will continue as Lead Director. Terri Anne Welyki will
continue in her role as VP Corporate Communications. The Audit Committee is comprised of Lindsay
Bottomer (Chair), Frank Anderson and Murray Seitz.
In addition, shareholders reappointed the Company’s auditor, authorized th e directors to fix the auditor’s
remuneration and approved the Company’s stock option plan and issuance of stock options to insiders.
For more information on these matters, please refer to Far Resources’ information circular, available on
SEDAR (www.sedar.com).
New Directors
The Company is pleased to welcome Mr. Murray Seitz and Mr. James Royall as independent board
members.
Mr. Seitz has extensive public company experience at varying levels including as a director, au dit
committee member and advisor. He currently serves as a director of Altan Rio Minerals Limited, Altan
Nevada Minerals Limited, both of which are listed on the TSX Venture Exchange. He has completed the
Canadian Securities Course and holds a Bachelor of Business Administration degree.
“I'm excited to be joining the Far Resources team,” commented Mr. Seitz. “I'm confident my financial
background and 18 years of public company experience will be a benefit to the company.”
Mr. Royall is an exploration geologist with over 20 years experience, including over a decade in senior
positions with publicly traded mining companies. He currently serves as Vice President, Exploration of
Pan Global Resources, a TSXV listed company and previously served as Chief Geolog ist of Georgian
Mining Corp. and as Exploration Manager for Medgold Resources. When not directly employed by a
mining company, Mr. Royall acts as an independent geologist, providing consulting services to junior
mining companies in Spain, Georgia, Chad and Chile. He began his career with Rio Tinto. Mr. Royall
holds a BSc (Hons) in Geological Sciences from Oxford Brookes University, England.
Mr. Royall stated, “I am very pleased to be given the opportunity to contribute technically at the board
level to the Company’s future successes. I look forward to working with Far’s team to bring insight, help
advance the projects and assess new opportunities.”
Reorganising capital structure
The Company is also pleased to announce that it is reorganising its option grants to directors, officers and
consultants. It has cancelled 7,468,000 stock options priced at $0.295 and above. After accounting for
the cancellations, the Company will have 1,600,000 options outstanding.
“Reorganising our options structure will allow the Company to provide positive incentives to the
reinvigorated board and management,” stated Mr. Mayo, Far’s President. “I welcome the new board
members and look forward to working with them to build shareholder value.”
About Far
Far Resources is a Canadian battery and technology minerals exploration and development
company with exploration projects in Canada and the USA. More information on Far is available at
www.farresources.com.
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ON BEHALF OF THE BOARD OF DIRECTORS OF
FAR RESOURCES LTD.
Toby Mayo, President and CEO
Information Contact
Terri Anne Welyki
1-833-327-7377
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news
release and accepts no responsibility for the adequacy or accuracy hereof.
This news release contains forward -looking statements, which relate to future events or future
performance an d reflect management’s current expectations and assumptions. Such forward -looking
statements reflect management’s current beliefs and are based on assumptions made by and information
currently available to the Company. Readers are cautioned that these forw ard looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results
to differ materially from those expected. All of the forward-looking statements made in this news release
are qualified by these cautionary statements and those in our continuous disclosure filings available on
SEDAR at www.sedar.com. These forward -looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to reflect new events or circumstances
save as required under applicable securities legislation. This news release doe s not constitute an offer to
sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws
of such jurisdiction.
This news release does not constitute an offer of securities for sale in the United States. These securities
have not and will not be registered under United States Securities Act of 1933, as amended, or any state
securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered,
or an exemption from registration is relied upon.