SRG Graphite Inc. Announces AGSM Results
SRG Graphite Inc. Announces AGSM Results
MONTREAL
,
June 26, 2019
/CNW Telbec/ -
SRG Graphite Inc.
(TSXV: SRG) ("
SRG
" or the
"
Company
) is pleased to announce that all resolutions as set out in the Company's notice of meeting
and information circular dated
May 9, 2019
, were passed by the requisite majority at its annual
general and special meeting held in
Mont-Royal Quebec
on
June 20, 2019
(the "
AGSM
")
PricewaterhouseCoopers LLP, Chartered Professional Accountants were re-appointed as auditors
of the Company for the ensuing year and shareholders approved the Company's 2019 10% rolling
stock option plan.
The following eight incumbent directors were re-elected:
Benoit LaSalle FCPA, FCA
Marc-Antoine Audet
Marc Filion
Marcel Duchesne
Yves Grou
Koudougou Abdoulaye Compaore; and
Abdoul Aziz Nassa
Following the AGSM, the Board of Directors re-appointed Benoit LaSalle FCPA FCA as Executive
Chairman of the Board,
Ugo Landry-Tolszczuk
as President, COO and CFO,
Elias J. Elias
as Vice-
President Legal and Corporate Affairs and Corporate Secretary and
Raphael Beaudoin
as Vice
President Operations, Metallurgy and Process Design.
Name Change
The Company wishes to announce that subject to TSX-V approval it intends to change its name to
SRG Mining Inc. The Company's shareholders approved a special resolution in this regard at the
Company's AGSM. The Company will retain the trading symbol "SRG". The new domain name will
be
www.srgmining.com
. A further news release will be issued announcing the effective date of the
change of name.
Shareholders are not required to take any action in connection with the change of name and share
certificates bearing the name "SRG Graphite Inc." remain valid and need not be exchanged.
Adoption of DSU Plan
The Company also wishes to announce the Company has received shareholder approval at the
AGSM of the adoption by the Board of Directors of a deferred share unit plan (the "
DSUP"
) The
DSUP is a non-dilutive long-term incentive plan in which employees, including named executive
officers, directors and any other person designated by the Board can participate. The DSUP is
intended to advance the interests of the Company through the motivation, attraction and retention of
Directors, executive officers, employees, service providers or any other person designated by the
Board to participate in the DSUP. The DSUP is subject to the approval of the TSX Venture
Exchange.
New Director
The Company is pleased to announce that Mr. Vincent P. Hogue M Sc has been appointed an
additional director of the Company effective
June 20, 2019
. Mr. Hogue was first appointed as an
Observer to the Board of Directors on
October 22, 2019
.
ABOUT SRG
SRG is a Canadian-based company focused on developing mineral deposits located in the Republic
of
Guinea
,
West Africa
. SRG is committed to operating in a socially, environmentally, and ethically
responsible manner.
For additional information, please visit SRG's website at
www.srggraphite.com
.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of Canadian securities
legislation. All information contained herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking information can be identified by the use
of forward-looking terminology such as "will", "continue", "demonstrate", "potential", or variations of
such words and phrases or state that certain actions, events or results "may", "could", "would" or
"might". Forward-looking information is subject to known and unknown risks, uncertainties, and other
factors that may cause the actual results, level of activity, performance, or achievements of the
Company to be materially different from those expressed or implied by such forward-looking
information, including but not limited to: (i) volatile stock price; (ii) the general global markets and
economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with
exploration, development, and operations of mineral deposits; (v) the risk associated with
establishing title to mineral properties and assets; (vi) fluctuations in commodity prices and other
risks and factors described or referred to in the section entitled "Risk Factors" in the MD&A of the
Company and which is available at
www.sedar.com
, all of which should be reviewed in conjunction
with the information found in this news release.
Forward-looking information is based on assumptions management believes to be reasonable at the
time such statements are made, including but not limited to, continued exploration activities and no
material adverse change in mineral prices. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in the
forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated, or intended. There can be no assurance that such forward-looking information will prove
to be accurate, as actual results and future events could differ materially from those anticipated in
such forward-looking information. Such forward-looking information has been provided for the
purpose of assisting investors in understanding the Company's business, operations and exploration
plans and may not be appropriate for other purposes. Accordingly, readers should not place undue
reliance on forward-looking information. Forward-looking information is given as of the date of this
press release, and the Company does not undertake to update such forward-looking information
except in accordance with applicable securities laws.
SOURCE
SRG Graphite
View original content:
http://www.newswire.ca/en/releases/archive/June2019/26/c5654.html
%SEDAR: 00008697E
For further information:
Ugo Landry-Tolszczuk, Tel: +1 (514) 679-4196, Email:
[email protected]; Benoit La Salle, FCPA FCA, Tel: +1 (514) 951-4411, Email:
CO: SRG Graphite
CNW 07:00e 26-JUN-19