Rio Silver Reports 2019 AGM Voting and Options Issuance
Rio Silver Reports 2019 AGM Voting and
Options Issuance
VANCOUVER
,
Nov. 22, 2019
/CNW/ -
Rio Silver Inc
. ("Rio Silver" or the "Company") (TSX.V: RYO)
is pleased to announce the voting results from its Annual General Meeting of Shareholders (the
"Meeting"), held in
Vancouver, British Columbia
on
November 15
th
, 2019. The total number of shares
represented by shareholders present in person and by proxy at the meeting was 11.8 Million
27.63% of Rio's issued and outstanding Common Shares.
All of the matters put forward before shareholders for consideration and approval as set out in the
Company's Management Information Circular dated 11
th
of October, 2019, were approved by the
requisite majority of votes cast at the Meeting. The details of the voting results for the election of
directors are set out below:
Nominee
# Votes for
% Votes for
Steven Brunelle
11,058,869
98.7
Chris Verrico
11,058,869
98.7
Edward Badida
11,207,282
100.0
Richard Mazur
11,058,869
98.7
The shareholders also approved: (i) fixing of the number of directors of the Company at four; (ii)
appointing MNP LLP, Chartered Accountants, as the Company's auditor for the ensuing year and
authorizing the directors to set the auditor's remuneration; and (iii) confirming and approving the
Company's existing stock option plan.
The Company will file a report of voting results on all resolutions voted on at the Meeting on
www.sedar.com
shortly.
The Company also announces that it has granted 4,050,000 incentive stock options to management,
directors and consultants of the Company. The options, to purchase common shares in the capital of
the Company, will be at a price of
$0.05
per common share with 3,200,000 having a term of 36
months and 850,000 a term of 18 months.
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.
This news release includes forward-looking statements that are subject to risks and uncertainties.
All statements within, other than statements of historical fact, are to be considered forward looking.
Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not a guarantee of future performance
and actual results or developments may differ materially from those in forward-looking statements.
Factors that could cause actual results to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no assurances that
such statements will prove accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. We do not assume any obligation to update any forward-looking
statements except as required by applicable laws
SOURCE
Rio Silver
View original content:
http://www.newswire.ca/en/releases/archive/November2019/22/c8467.html
%SEDAR: 00015088E
For further information:
Christopher Verrico, President, CEO, Tel: (604) 762-4448, Email:
[email protected], Website: www.riosilverinc.com
CO: Rio Silver
CNW 10:07e 22-NOV-19