Morien Announces Results of Annual and Special Meeting
Morien Announces Results of Annual and Special Meeting
June 8, 2018 – Halifax, Nova Scotia – Morien Resources Corp. ("Morien" or the
"Company") (TSXV:MOX) is pleased to announce its shareholders voted in favour of all items
of business brought before them at the Company's Annual and Special Meeting of Shareholders
(“AGM”) held on June 7, 201 8 in Halifax, Nova Scotia. Details of the AGM are provided
below.
Election of Directors
The numbe r of directors was set by the board of directors at four , with J ohn Byrne, Charles
Pitcher, William Ritchie and John Budreski (Chairman of the Board) re-elected to the Company's
board of d irectors for the ensuing year. Peter Akerley did not seek re -election as Director and
Chairman of the Board to focus more fully on his role as President and CEO of Erdene Resource
Development Corp.
Mr. Akerley served as the Chairman of the Board of Morie n since its inception in 2012. As the
co-founder of Morien, Peter has been instrumental over the last five years in advancing Morien
from simply a holder of licences and options to a dividend-paying royalty company with
increasing royalty cash flow and additional growth opportunities. The b oard of directors and
management team would like to thank Peter for his leadership, his past contributions and
commitment to Morien, and wish him success in his continued advancement of Erdene Resource
Development.
Following the AGM, the Morien Board of Directors confirmed the appointments of its executive
officers, namely: Chairman and Chief Executive Officer – John Budreski; President – Dawson
Brisco; Chief Financial Officer – Michael O’Keefe; and Corporate Secretary – Suzan Frazer.
Appointment of Auditor
KPMG LLP was re -appointed as the Company’s auditor to hold office until the next annual
meeting of shareholders or until it s successor is duly appointed, at a remuneration to be fixed by
the board of directors.
Approval of Stock Option Plan
The shareholders also approved the renewal of the Company's 10% rolling incentive stock option
plan in accordance with the rules and policies of the TSX Venture Exchange.
About Morien
Morien is a Canadian based, dividend paying, mining development company that holds royalty
interests in two , long life, world class, tidewater accessed projects. The Donkin Coal Mine
commenced production in Q1 2017 and the Black Point Aggregate Project was permitted in Q2
2016 and is progressing toward a development decision . Morien’s management team exercises
ruthless discipline in managing both the assets and liabilities of the Company . The Company’s
management and its Board of Directors consider s hareholder returns to be paramount over
corporate size, number or scale of assets and industry recognition. Morien has 53,618,114 issued
and outstanding common shares and a fully diluted position of 58,060,614. Further information
is available at www.MorienRes.com.
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.
For more information, please contact:
John P.A. Budreski, Chairman and CEO
Phone: (416) 930-0914
or
Dawson Brisco, P.Geo, President
Phone: (902) 403-3149
www.MorienRes.com