Kootenay Silver Announces Results of Annual and Special Meeting
Kootenay Silver Announces Results of Annual and Special
Meeting
VANCOUVER, BC
,
Sept. 17, 2021
/CNW/ - Kootenay Silver Inc. ("
Kootenay
" or the "
Company
") (TSXV: KTN), is pleased to
announce the results of its annual and special meeting of shareholders (the "
Meeting
") held on September 15, 2021. At the
Meeting, the shareholders of the Company approved all resolutions placed before them by management as set out in the
Company's management information circular dated
August 12, 2021
, including: (i) fixing the number of directors at five and
electing
Kenneth E. Berry
,
James M. McDonald
,
Brian Groves
,
Jon Morda
and
Antonio Reda
as directors of the Company for
the ensuing year; (ii) the re-appointment of MNP LLP, Chartered Professional Accountants, as auditor of the Company for the
ensuing year at a remuneration to be fixed by the directors; (iii) the ratification of the Company's stock option plan; (iv) the
adoption of a share unit plan and deferred share unit plan for the Company; (v) the statutory plan of arrangement (the "
Plan
of Arrangement
") among the Company, the Company's securityholders and Kootenay Resources Inc. ("
Spinco
"), a wholly-
owned subsidiary of the Company; and (vi) the adoption of a rolling 10% stock option plan, share unit plan and deferred share
unit plan for Spinco.
The Plan of Arrangement still remains subject to Court and final TSX Venture Exchange approvals. Additional details
regarding the Effective Date of the Plan of Arrangement will be provided in a subsequent press release once all approvals
have been obtained.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the
Sierra Madre Region of
Mexico
and in
British Columbia, Canada
. Supported by one of the largest junior portfolios of silver
assets in
Mexico
, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company
remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of
its priority silver projects located in prolific mining districts in
Sonora
, State and Chihuahua, State,
Mexico
, respectively.
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.
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SOURCE
Kootenay Silver Inc.
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For further information:
James McDonald, CEO and President at 403-880-6016; Raj Kang, CFO at 604-601-5653; 1-888-
601-5650, or visit: www.kootenaysilver.com
CO: Kootenay Silver Inc.
CNW 21:00e 17-SEP-21