ARMSTRONG, BC, Aug. 31 /CNW/ - GWR Resources Inc. (TSX Venture: GWQ)
wishes to provide the following corporate updates:
2010 Annual and Special General Meeting
GWR's 2010 Annual and Special General Meeting was held on July 16th
and following are the highlights:
Messrs. Eisler, Shives, James, and Reimer were re-appointed as
BDO Dunwoody LLP was re-appointed as auditors
as in previous years, a 10% rolling stock option plan was approved;
however, at the meeting, the Board unanimously agreed to limit the
plan to that number of options equalling a maximum of 7.5% of the
issued and outstanding common shares from time to time
the Shareholder Rights Plan which was previous approved at the 2007
Annual General Meeting was approved for extension on the same terms
for a further 3 year period, subject to acceptance by TSX Venture
New Chief Financial Officer
In order to comply with the requirement of TSX Venture Exchange that the
CEO and CFO be different persons, Lars Glimhagen has been appointed to
the position of CFO (in the place of Irvin Eisler who continues as
President and CEO). Mr. Glimhagen has been GWR's in house accountant
for a number of years.
GWR conducts its investor relations in house. In that regard, Ron Birch
has been hired on a month-to-month salaried position as a part time
employee. GWR plans to award a number of incentive stock options to Mr.
Birch at some point in the future, but the terms of his employment do
not require any particular award. Mr. Birch works from a virtual
office, but can be contacted through GWR's office in Armstrong, BC or by
calling (250) 503-4735. Mr. Birch has a long background within the
investment industry, including being a past registered representative at
a large brokerage firm. Mr. Birch communicates with GWR's shareholders
and the investment community.
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 release.
SOURCE GWR RESOURCES INC.
For further information: For further information:
Responsible Officer: Harley D. Sinclair, Executive Vice President
Company Telephone Number: (604) 687 - 0789