MONTREAL, July 30, 2015 /CNW Telbec/ - NEVADO RESOURCES CORPORATION (TSXV: VDO) (FSE: NSV) ("NEVADO" or the "Corporation") is pleased to announce the results of its annual and special meeting of the shareholders of the Corporation that was held on July 30, 2015.
During the meeting, the shareholders approved, by a majority of votes, the reduction of the required quorum to constitute a shareholders' meeting to 5%, the appointment of PricewaterhouseCoopers LLP as auditors of the Corporation as well as the election of the following Directors: MM. Marcel Bergeron, Michael Curtis, Philippe Frère and Jean-Guy Masse. The shareholders have also approved the rolling stock option plan of the Corporation amended to reflect modifications that have been made to the TSX Venture Exchange's policies, to increase the validity period for the options from five (5) years to ten (10) years and to amend the minimal exercise price from $0.10 to the minimum exercise price permitted by the TSX Venture Exchange's policies, taking into account the discount available.
About Nevado Resources Corporation
Nevado Resources is a junior strategic metals company with properties located in Canada. The Corporation owns a 100% interest in the La Blache titanium-vanadium-iron property in Northern Quebec, the Fermont graphite property near Focus Graphite's Lac Knife property, and the Bozema and Steel River zinc-copper-silver-gold properties in Ontario's Schreiber-Hemlo camp.
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 news release. The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.
SOURCE Nevado Resources Corporation
For further information: Michael Curtis. President and Chief Executive Officer, (514) 303-7895, www.nevadoresources.com, Twitter: @nevado_vdo; Louis Morin, The Ask Marketing Services Inc., (514) 845-1101