Northern Shield Announces Results of Annual and Special Meeting
Northern Shield Announces Results of Annual
and Special Meeting
OTTAWA, ON
,
June 28, 2022
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce the results of its annual and special meeting of
shareholders that was held on
June 21, 2022
(the "Meeting").
The four matters voted on at the Meeting were (1), the election of directors; (2) the appointment of
Davidson
and Co LLP as the Company's auditor for the coming year and the authorization of the
directors of the Company to fix such auditors' remuneration; (3) the re-approval of the Company's
rolling stock option plan; and (4) a share consolidation of the Company's outstanding common
shares (the "Common Shares") at a ratio of not more than 5 for 1. All matters voted on at the
Meeting were approved by the requisite number of votes including the consolidation which received
80% support from our shareholders. A further update will be provided by the Company when and if
the Company determines to proceed with the share consolidation.
"Although we continue to monitor market conditions with respect to any consolidation, with our
growing confidence of the epithermal gold system at Root & Cellar, a modest consolidation will
help create, grow and sustain shareholder value as we prepare for the next phase of drilling."
-
Ian Bliss
,
Northern Shield President and CEO
Forward-Looking Statements Advisory
This news release contains statements concerning the exploration plans, results and potential for
epithermal gold deposits, and other mineralization at the Company's Root & Cellar Property,
geological, geophysical and geometrical analyses of the properties and comparisons of the
properties to known epithermal gold deposits and other expectations, plans, goals, objectives,
assumptions, information or statements about future, conditions, results of exploration or
performance that may constitute forward-looking statements or information under applicable
securities legislation. Such forward-looking statements or information are based on a number of
assumptions, which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in such forward-looking statements
or information are reasonable, undue reliance should not be placed on forward
looking statements
because Northern Shield can give no assurance that such expectations will prove to be correct.
Forward-looking statements or information are based on current expectations, estimates and
projections that involve a number of risks and uncertainties which could cause actual results to differ
materially from those anticipated by Northern Shield and described in the forward
looking statements
or information. These risks and uncertainties include, but are not limited to, risks associated with
geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to
obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and
the general risks and uncertainties involved in mineral exploration and analysis.
The forward-looking statements or information contained in this news release are made as of the
date hereof and Northern Shield undertakes no obligation to update publicly or revise any
forward
looking statements or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
SOURCE
Northern Shield Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/June2022/28/c0718.html
%SEDAR: 00007505E
For further information:
Northern Shield Resources Inc., Ian Bliss, President and CEO, Tel.: (613)
232-0459, Fax: (613) 232-0760, [email protected]
CO: Northern Shield Resources Inc.
CNW 11:14e 28-JUN-22