North PEAK Confirms Cancellation of 1.25 Million Common Shares Formerly Held BY Minex; Provides Results from Agm
NORTH PEAK CONFIRMS CANCELLATION OF
1.25 MILLION COMMON SHARES FORMERLY
HELD BY MINEX; PROVIDES RESULTS FROM
AGM
CALGARY, AB
,
Dec. 15, 2022
/CNW/ -
North Peak Resources Ltd.
(TSXV: NPR) (the "
Company
"
or "
North Peak
") announces that following its agreement to forego all option rights over the Black
Horse property (see
Sept. 1, 2022
press release), the Company confirms that Minex LLC has
returned 1.25 million common shares and those shares have been returned to treasury and
cancelled. The Company now has 22,584,451 common shares issued and outstanding.
AGM Results
The Company is pleased to announce that shareholders approved all resolutions at the annual and
special meeting of shareholders of the Company held on
December 6, 2022
(the "
Meeting
"). At total
of 7,648,197 common shares, or 32.09% of the issued and outstanding common shares of the
Company were represented at the Meeting.
The resolutions approved at the Meeting were as follows:
The resolution to fix the number of directors of the Company for the ensuing year at seven (7)
members was approved with 5,904,972 common shares represented at the Meeting voting in
favour of the resolution, representing 99.65% of the votes cast in respect of this resolution.
The resolution to re-appoint the seven (7) current directors of the Company to serve until the
next annual meeting of shareholders of the Company, or until their successors are elected or
appointed, was approved and each of the nominee directors received the following votes for
their election:
Brian Hinchcliffe
, 5,873,030 representing 99.11% of the votes cast in respect of
this nominee;
John Thomson
, 5,883,860 representing 99.29% of the votes cast in respect of
this nominee;
Rob Suttie
, 5,872,460 representing 99.10% of the votes cast in respect of this
nominee;
Mike Sutton
, 5,883,810 representing 99.29% of the votes cast in respect of this
nominee;
Chelsea Hayes
, 5,873,630 representing 99.12% of the votes cast in respect of this
nominee;
Gordon Chmilar
, 5,880,452 representing 99.24% of the votes cast in respect of this
nominee; and
Leni Keough
, 5,883,260 representing 99.28% of the votes cast in respect of this
nominee .
The resolution to appoint Clearhouse LLP as auditors of the Company for the ensuing year and
to authorize the directors of the Company to fix the auditors' remuneration was approved with
7,544,514 common shares represented at the Meeting voting in favour of the resolution,
representing 98.64% of the votes cast in respect of this resolution.
The resolution to approve the Company's stock option plan was approved with 5,800,847
common shares represented at the Meeting voting in favour of the resolution, representing
97.89% of the votes cast in respect of this resolution.
About North Peak
The Company is a Canadian based gold exploration and development company that is listed on the
TSX Venture Exchange under the symbol "NPR". The company is focused on acquiring historic sites,
with low cost producing gold and other metals properties, with near term production potential and 8+
year mine life in the northern hemisphere.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
:
This news
release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to,
the the plans, intentions,
beliefs, and current expectations of the Company with respect to the future business activities and
operating performance of the Company that may be described herein
. Forward-looking statements
consist of statements that are not purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such information can generally be identified
by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend",
"believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to
place undue reliance on forward-looking statements, as there can be no assurance that the plans,
intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown
risks and uncertainties, both general and specific, that contribute to the possibility that the
predictions, estimates, forecasts, projections and other forward-looking statements will not occur.
These assumptions, risks and uncertainties include, among other things, the state of the economy
in general and capital markets in particular,
accuracy of assay results, geological interpretations
from drilling results, timing and amount of capital expenditures; performance of available
laboratory and other related services, future operating costs, and the historical basis for current
estimates of potential quantities and grades of target zones,
as well as those risk factors discussed
or referred to in the Company's Management's Discussion and Analysis for the year ended
December 31, 2021
, and the period ended
June 30, 2022
available at
www.sedar.com
, many of
which are beyond the control of the Company. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this
press release. Except as required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third parties in respect of the matters
discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE
North Peak Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/December2022/15/c9693.html
%SEDAR: 00032415E
For further information:
Brian Hinchcliffe, CEO, Phone: +1-647-424-2305, Email:
[email protected], Website: www.northpeakresources.com; Chelsea Hayes, Director,
Phone: +1-647-424-2305, Email: [email protected]
CO: North Peak Resources Ltd.
CNW 07:56e 15-DEC-22