Carolina Rush Appreciates Outgoing Directors, Welcomes New Director, and Reports Results of Annual General Meeting
Carolina Rush Appreciates Outgoing
Directors, Welcomes New Director, and
Reports Results of Annual General Meeting
Toronto, Ontario--(Newsfile Corp. - June 20, 2023) -
Carolina Rush Corporation
(TSXV: RUSH)
(OTCQB: PUCCF) ("
Carolina Rush
" or the "
Company
") is pleased to report that it successfully held its
annual and special shareholder meeting (the "
Meeting
") on June 19, 2023 (see below for results), which
marked the last day of service on the Board of Directors for two long-term directors, advisors,
shareholders and tireless supporters of the Company: Mr. Laurence Curtis, PhD, and Mr. David Mosher.
Outgoing independent chairman Mosher, together with previous independent chairman Mr. Don Whalen,
co-founded the Company in 2007.
Carolina Rush President and CEO, Layton Croft, stated: "On behalf of the Board and Management, we
sincerely thank Dave Mosher and Laurie Curtis for their many years of consistency and devotion to
governing and advising this Company. We thank them each for the significant financial investments they
have made over the years in purchasing, and never yet selling, shares of the Company. And we thank
them for their steadfast, ongoing belief in the Company's purpose and people who work to create
shareholder value. Dave and Laurie have been instrumental in securing the immense value potential
Carolina Rush now has across its three past-producing gold and copper projects in South Carolina and
North Carolina, especially at our flagship Brewer gold-copper project where we intend to resume drilling
soon. Dave and Laurie will each remain active as strategic advisors to the Company for the forseeable
future, and I am personally grateful to each of them for their respective wisdom, guidance and solidarity
over the past 8 years I have known and worked with them."
The Company is pleased to welcome Mr. Gordon Babcock, P. Eng., as an independent director of
Carolina Rush. Gordon is a mining executive and professional engineer with more than 42 years of
experience. He has worked in mine management in both underground and open pit operations, project
development, engineering, exploration, and mine consulting in precious, base metals and aggregate
operations across the Americas. Currently a consultant, Gordon conducts due diligence reviews on
mining assets and holds advisory roles with Latin America-based mining companies. He has been
involved with new operations, asset optimizations and strategies for stakeholder engagement in Peru,
Chile, Brazil, Honduras, Spain, Bolivia, Argentina, the U.S. and Canada. Gordon is a graduate of
Queen's University and is a member of the Association of Professional Engineers Ontario.
Carolina Rush President and CEO, Layton Croft, stated: "We are very happy that Mr. Gordon Babcock
has joined our Board as an independent director. He brings a wealth of executive-level mine building and
mine operations expertise, which is timely and relevant given our vision to advance our Sawyer and New
Sawyer gold projects in North Carolina towards development. Having a seasoned mining engineer on
the Board further strengthens our capabilities to create shareholder value. We are grateful to Gordon for
his belief in our Carolina Rush vision and his commitment to ensuring continued good governance and
supporting strong business performance."
Results of AGM
All matters presented for approval at the Meeting were duly authorized and approved, as follows:
1
.
each of the following nominees was elected as a director of the Company.
The results of the
shares voted in person or by proxy in respect of the election of each director are:
Nominee
Votes For
Votes Withheld
Thomas
Layton Croft
4,370,987
(76.481%)
1,344,154
(23.519%)
David Petroff
4,383,414
(76.698%)
1,331,727
(23.302%)
Gordon
Babcock
5,702,341
(99.776%)
12,800
(0.224%)
2
.
the appointment of Jones & O'Connell LLP, Chartered Professional Accountants as the
Company's auditor until the next annual meeting of shareholders and the board of directors were
authorized to fix the remuneration of the auditor.
3
.
the approval and confirmation of the Company's stock option plan.
About Carolina Rush
Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is exploring the Carolina Terrane in the
southeastern USA. Its flagship project is the past-producing Brewer Gold Mine, located in Chesterfield
County, South Carolina, 17 kilometers along trend from the producing Haile Gold Mine. Carolina Rush's
100%-owned, 648 hectare Jefferson Gold Project is continuous with and mostly surrounds the 389
hectare Brewer property. In January 2023, the Company signed exclusive mineral exploration lease and
purchase option agreements for both the 246.6 hectare New Sawyer Gold Mine Property and the 54.6
hectare Sawyer Gold Mine Property, both located on the Sawyer Gold Trend and in Randolph County,
North Carolina.
For further information, please contact:
Jeanny So, Corporate Communciations Manager
E:
T: +1.647.202.0994
For additional information please visit our new website at
http://www.TheCarolinaRush.com/
and our
Twitter feed:
@TheCarolinaRush
.
Neither 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.
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, including those risks set out in the Company's management's discussion and
analysis as filed under the Company's profile at
www.sedar.com
. Forward-looking information in this
news release is based on the opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and regulatory approvals will be received
as and when expected. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information. The Company disclaims any intention or obligation to update or
revise any forward-looking information, other than as required by applicable securities laws.
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https://www.newsfilecorp.com/release/170568