Galore Announces Results of its Annual General Meeting and the Grant of Stock Options
GRI : TSX-V
FOR IMMEDIATE RELEASE November 13, 2018
Galore Announces Results of its Annual General Meeting
and the Grant of Stock Options
Vancouver, BC: Galore Resources Inc. (TSX-V: GRI) (the “Company”) is pleased to report
that at the Annual and Special General Meeting of i ts shareholders held November 8, 2018 (the
“ASGM”), the Company experienced a very strong turn out of votes. A total of 43 votes were
received, representing 68,454,243 shares or 55.86% of the Company’s issued share capital. All
resolutions proposed and voted on at the meeting were approved and duly passed.
At the meeting, shareholders approved the number of directors for the ensuing year be fixed at
five (5) and the re-election of all incumbent direc tors: Mr. James Michael McMillan, Charles G.
Troup, Kenneth Coe, Tex C. Enemark and Lorne Sivert son, to hold office until the next annual
general meeting. Subsequent to the ASGM, the direc tors of the Company re-appointed the
following officers of the Company: Mr. James Micha el McMillan as President, Chairman and
Chief Executive Officer, Mr. Andrew McMillan as Chief Financial Officer, and Pamela White as
Corporate Secretary.
Shareholders also approved the re-appointment of it s auditors, DeVisser Gray, Chartered
Professional Accountants, as the independent audito r of the Company for the ensuing year, at a
remuneration to be fixed by the Board of Directors.
Additionally, the Company received majority approva l from the independent shareholders of the
Company to an increase of the number of shares rese rved for issuance under the Company’s
Stock Option Plan from 21,467,000 to 24,500,000 sha res. Approval was also received to the
grant of incentive stock options to insiders of the Company as a group within a 12 month period,
(or at any point in time) allowing such grants to r epresent more than 10% of the total issued and
outstanding Common Shares of the Company, as well a s the grant of incentive stock options to
any one optionee within a 12 month period, (or at a ny point in time) allowing such grant to
represent more than 5% of the total issued and outstanding Common Shares of the Company.
The extension of the expiry date of 1,000,000 incen tive options held by one optionee, such that
the optionee be allowed to holds options in excess of 5% of the Company’s issued share capital,
as well the prior grant of 4,300,000 incentive opti ons to insiders of the Company, such that the
insiders as a group are allowed to holds options in excess of 10% of the Company’s issued share
capital were also ratified and approved by a majority of independent shareholders.
Details of the matters approved at the ASGM are set out in the Company’s Management
Information Circular dated October 4, 2018 which can be found either on the Company’s website
at www.galoreresources.com or on SEDAR at www.sedar.com.
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Mailing Address: 19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-9212 | Fax: (604) 648-8894 / www.galoreresources.com
The Company also announces the grant of 1,900,000 t o directors, officers and consultants of the
Company, exercisable at a price of $0.10 for a period of 5 years from the date of grant.
About Galore Resources
Galore Resources is a mineral exploration and devel opment Company whose focus is to develop
significant mineral discoveries, which are supported by a sustainable business model. Our goal is
to discover a world-class gold and silver deposit i n Mexico. Our flagship project is in the heart
of the Concepcion del Oro Mining District, the Dos Santos Project. This project covers two
historic gold zones and has the potential to host b ulk tonnage gold-silver deposits based on past
drilling, trenching and a recent airborne geophysical survey.
ON BEHALF OF THE BOARD
“Michael McMillan”
President and CEO
To find out more about Galore Resources (TSX.V:GRI) please contact:
Mike McMillan at (210) 860-9212 (USA)
Please visit our website at www.galoreresources.com or contact us at [email protected] .
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 release.