VANCOUVER, June 14, 2013 /CNW/ - Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Company") (TSX.V: AWS), reports that the Company conducted its Annual General Meeting on June 13, 2013.
The meeting business saw the election of Robert L. Card, Andrew K. Jarvis, Phillip Thomas and R. Brian Ashton, as Directors of the Company for the ensuing year. The Company is pleased to welcome Brian Ashton to its Board of Directors. Brian is well known in the venture capital investment community as Chairman and CEO of Georgia Pacific Securities Corp., from March 1986 to April 2000. During his 44 year tenure in the securities business, Brian also served as a Governor of the Vancouver Stock Exchange (VSE) from 1994 to 1999. He also served on many Committees of the VSE and was also a five year member of the Executive Committee. Brian is now Managing Director of Eagle Advisory Group, a consulting and business advisory firm. The Company has awarded Brian a Director's Stock Option of 500,000 shares exercisable over the next five years at ten cents per share.
Other business saw the appointment of Davidson & Company LLP as Auditors of the Company for the ensuing year, and also the ratification and approval of the Company's Share Option Plan.
Following the meeting, an update was provided on the recent visit to the Alaska Port Snettisham iron ore project by Phil Thomas, VP of Exploration. Mr. Thomas reported that the Company has filed a permit for drilling the project with the Alaska Department of Mining and Forestry and the Bureau of Land Management. The Company is waiting the final approval of the drilling permit.
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 regulators.
SOURCE: Arrowstar Resources Ltd.
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