VANCOUVER, June 14, 2012 /CNW/ - Robert L. Card, President of Arrowstar
Resources Ltd., ("Arrowstar" or the "Company") (TSXV: AWS), wishes to
release the results of its Annual General Meeting of Shareholders (the
"Meeting") held on June 13, 2012. At the Meeting, shareholders
approved all resolutions put before them by management, including the
election of all director nominees, the appointment of the auditor and
the re-approval of its share option plan.
Results of the Meeting
The shareholders elected Robert L. Card, Andrew K. Jarvis, Peter Arendt
and Phillip Thomas, as Directors of the Company for the ensuing year.
The shareholders re-appointed Davidson & Company LLP, chartered
accountants, as the Company's auditor for the ensuing year, and voted
in favour of the resolution pertaining to the approval of the Company's
share option plan.
Dr. Zigurts Strauts declined to stand for re-election to the Board
because of the demands of his medical practice and other business
interests. The Board expressed their thanks to Dr. Strauts for his wise
counsel and assistance during his tenure on the Board.
Following the Meeting, a report was received on the visit to the
Company's Alaska Port Snettisham iron ore project by Phil Thomas, VP of
Exploration. Mr. Thomas reported on the discovery of extensive
magnetite over the major part of the property. Samples have been
submitted for assay and the next phase of exploration is being planned.
The Company is very optimistic for the development of the Alaska
On Behalf of the Board of Directors,
Arrowstar Resources Ltd.
"Robert L. Card"
Robert L. Card
"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."
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking
statements include, but are not limited to, statements concerning AWS's
planned exploration programs and other statements that are not
historical facts. When used in this document, the words such as
"could," "plan," "estimate," "expect," "intend," "may," "potential,"
"should," and similar expressions are forward-looking statements.
Although AWS believes that its expectations reflected in these forward
looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results will be
consistent with these forward-looking statements. Important factors
that could cause actual results to differ from these forward-looking
statements are disclosed under the heading "Risk Factors" and elsewhere
in the corporation's periodic filings with Canadian securities
SOURCE Arrowstar Resources Ltd.
For further information:
Robert L. Card