1. ELECTION OF DIRECTORS Each of the following individuals were elected as directors of the Company as approved by a vote by ballot, for a term expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors are
14th Floor - 1111 West Georgia Street, Vancouver, BC, V6E 4M3
Tel. 604-689-1799 Fax.604-689-8199
email: [email protected]
Website: www.berkwoodresources.com
August 10, 2018, VANCOUVER, B.C. - Berkwood Resources Ltd. (“Berkwood” or the “Company”) is pleased to
announce that on July 26, 2018 it held its annual general meeting of shareholders (the “Meeting”). A total of 4,564,186
common shares (approximately 12.49% of the outstanding common shares) were represented at the Meeting in person
or proxy.
1. ELECTION OF DIRECTORS
Each of the following individuals were elected as directors of the Company as approved by a vote by ballot, for a term
expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors are
elected or appointed, as follows:
Name
Votes “For” (%)
Votes “Against” (%)
Votes
“Withheld/Abstained” (%)
Thomas Yingling 77.29 0 21.71
Binny Jassal 77.36 0 22.64
Charn Deol 99.84 0 0.16
Ian Graham 99.62 0 0.38
2. APPOINTMENT OF AUDITOR
The appointment of Smythe LLP, Chartered Professional Accountants , as the auditor of the Company, to hold office
until the next annual meeting of shareholders of the Company, and the authorization of the directors of the Company
to fix the auditor’s remuneration, was approved by a resolution passed by a vote by ballot, wi th 4,557,486 (100%)
total votes cast “FOR” and 10 “WITHHELD/ABSTAIN”.
3. STOCK OPTION PLAN
The Stock Option Incentive Plan resolution was approved by a resolution passed by a vote by ballot, with 3,443,317
(75.55%) total votes cast “FOR” and 1,114,169 (24.45%) total votes cast “AGAINST”.
Immediately following the annual meeting, the directors convened and the following were appointed offices for the
ensuing year:
Thomas Yingling – President and CEO
Binny Jassal – Chief Financial Officer
Stock Options
The Company announces that it has granted stock option agreements to its directors, officers and consultants for the
right to purchase up to 885,000 common shares of the Company, exercisable at the price of $0. 10 per share for five
years, subject to regulatory approval. The option agreements to be issued will be granted in accordance with the
Company’s Stock Option Plan and will be subject to the TSX-V four (4) month hold period.
On Behalf of the Board of Directors
BERKWOOD RESOURCES LTD.
Signed: “Thomas Yingling”
Thomas Yingling,
President, CEO & Director
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
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance
or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward- looking statements will occur or, if they
do occur, what benefits the Company will obtain from them. These forward -looking statements reflect management’s current views and are based on certain expectations, estimates and
assumptions, which may prove to be incorrect.