Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,290
HALIFAX, June 23 /CNW/ - Royal Roads Corp. (RRO-TSX-V) ("Royal Roads" or the "Company") is pleased to announce that at the Annual and Special Meeting held on June 22, 2010 ("AGM"), the shareholders re-appointed the directors, namely, Daniel Burneski, Andrew Forrest, Edmund Merringer, Paul Moore, Steven Poad and Warren MacLeod to hold office until their successors are duly elected or appointed. Wasserman Ramsey, Chartered Accountants has been re-appointed as auditor of the Company until the next annual meeting of shareholders or until its successor is duly appointed. Shareholders also re-approved the Company's incentive stock option plan as required under the rules and policies of the TSX Venture Exchange ("Exchange").
In addition, the shareholders passed a resolution to change the Company's name to "Buchans Minerals Corporation". The new name is more in keeping with the current focus of exploring and developing mineral properties in the famous historic Buchans mining camp in central Newfoundland, Canada. The name change is subject to regulatory approvals and the Company's common shares will begin trading on the Exchange under the new name once all regulatory requirements have been met. A further news release will be issued once the effective date is known. The Company's will apply to the Exchange to change the trading symbol to "BMC".
Forward Looking Statements
Certain information contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond their control, and that future events and results may vary substantially from what the Company currently foresees. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE ROYAL ROADS CORP.
For further information: For further information: Royal Roads Corp.: Warren MacLeod, President & CEO, Ph: (902) 472-3520, Windsor, Nova Scotia; www.royalroadscorp.ca; Paul Moore, VP Exploration, Ph: (709) 738-7384, St. Johns, Newfoundland; www.royalroadscorp.ca