Srg Mining Inc. Announces Agm Results
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SRG Mining Inc.
1320 Graham, Suite 132
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE FOR IMMEDIATE RELEASE
SRG MINING INC. ANNOUNCES AGM RESULTS
Montreal, Quebec, June 19, 2020 - SRG Mining 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 15, 2020, were passed by the requisite majority at its annual
general meeting held in Mont-Royal Quebec on June 19, 2020 (the “AGM”)
PricewaterhouseCoopers LLP, Chartered Professional Accountants were re -appointed as
auditors of the Company for the ensuing year and shareholders approved the Company’s 2020
10% rolling stock option plan and DSU Plan.
The following seven incumbent directors were re-elected:
• Benoit La SalleFCPA, FCA;
• Marc-Antoine Audet;
• Marc Filion;
• Yves Grou;
• Rene Lessard;
• Yacouba Sare; and
• Abdoul Aziz Nassa
The Company is also pleased to announce that at the AGM, shareholders approved the
appointment of Dr. Alhamdou Diagne to the Board of Directors.
Dr. Alhamdou Diagne, an officer of the French Legion of Honor is a veterinary doctor, specialist
in reproductive pathology and a nimal production in hot countries and tropical pathology. Dr.
Diagne is a graduate of the Veterinary Academy of Ukraine (gynecological -obstetrics
department), the ENVA of Maisons -Alfort in France (reproductive pathology and animal
production and tropical v eterinary medicine), the IEMVT (Institute of Veterinary Medicine of
Tropical Countries for Tropical Pathology and Animal Production of Hot Countries), of the CES of
Epidemiology (Institut Pasteur France), the London School of English and the Paris Center for
Diplomatic and Strategic Studies in International Relations and expert in international
investments). Dr. Diagne acts as President of D.A.-Consulting in Paris in the search for financing,
business development, international investments and follow-up of consulting files. He is also an
advisor to several Heads of State and governments, thanks to his strong experience and
extensive relationship network in Africa. He is also a member of the Africa, Asia and Latin America
committees of the Medef Internationa l of French employers. He collaborates in the opening of
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banks in Africa as well as in the mobilization of financing funds and investors for the energy mining
infrastructure sectors
Following the AGM, 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.
STOCK OPTION GRANT
The Company is pleased to announce that, pursuant to its Stock Option Plan and subject to
regulatory acceptance, it has granted an aggregate total of 950,000 incentive stock options to
certain directors, officers and consultants of the Company, subject to certain vest ing provisions.
These options will be exercisable at a price of $0. 51 per common share and will expire on June
18, 2030.
DSU GRANT
The Company is pleased to announce that, pursuant to its DSU Plan and subject to regulatory
acceptance, it has granted an ag gregate total of 171,570 Deferred Share Units (DSUs) to
directors. The DSUs were priced based on the closing price of the common shares on the TSXV
the day before the date of the grant of the DSUs. The DSUs may not be exercised until a director
ceases to serve on the Board.
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.
ABOUT SRG MINING
SRG Mining is a Canadian -based mining company focused on developing the Lola graphite
deposit 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.srgmining.com.
Or contact:
Ugo Landry-Tolszczuk
Email: [email protected]
Benoit La Salle, FCPA FCA
Email:
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.
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FORWARD-LOOKING STATEMENTS
This press release contains "forward -looking information" within the meaning of Canadia n
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 “firm”, “anticipated”, “potential”, “will”,
“continue”, “demonstrate”, “deliver”, “believe”, 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 and mine plans for the Company’s mining operations; (v) the
risk associated with establishing title to mineral properties and assets including permitting,
development, operations and production from the Company’s operations being consistent with
expectations and projections; (vi) fluctuations in commodity prices, finding offtake takers and
potential clients or enforcing such agreements against same 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.
Although the Company has attempted to identify important factors that could cause actual results
to differ mate rially 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 act ual 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 un dertake to update such forward -looking information except in
accordance with applicable securities laws.