VANCOUVER, Jan. 13 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V) (the
"Company) announces that it held its 2010 Annual General and Special
Meeting of Shareholders (the "Meeting") on Tuesday, January 11, 2011 at
which Meeting the following individuals were re-elected directors of
the Company: Graham Chisholm, Markus Janser, David A. Fynn, Lawrence G.
Treadgold. Shareholders approved the re-appointment of Morgan & Co., as
auditors of the Company and continuation of the Company's 10% rolling
stock option plan.
Shareholders also approved the name of the Company be changed from "ICS
Copper Systems Ltd." to "Nubian Resources Ltd." Further the
Shareholders approved a share consolidation of the Company's issued
common shares on a ratio not to exceed five (5) pre-consolidation
shares for (1) post-consolidation share.
The Board of Directors will be proceeding with the change of name and
share consolidation subject to the approval of the TSX Venture
Exchange, and confirmation that, on a post-consolidation basis, the
Company would meet all applicable TSX Venture Exchange listing
Immediately after the Meeting, the Board of Directors appointed the
following officers of the Company:
Graham A. Chisholm
David A. Fynn, CA
President and Chief Executive Officer
Chief Financial Officer
Markus Janser will assume the role as Lead Director of the Company.
David A. Fynn, Markus Janser and Lawrence G. Treadgold were appointed
members of the Audit Committee for the ensuing year, of which David A.
Fynn is Chair.
President & CEO of ICS, Graham Chisholm, comments: "The change of the
company's name more accurately reflects the Company's new business
interests and the consolidation of the Company's issued Common Shares
will provide the Company with greater flexibility for future corporate
ICS COPPER SYSTEMS LTD.
Signed "Graham Chisholm"
Graham Chisholm, President & CEO
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. This release includes certain statements that are "forward-looking
statements". All statements in this release, other than statements of
historical facts that address future exploration, development and
production activities, and other circumstances, events and developments
that the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results, events and
developments may differ materially from those in the forward-looking
statements. The occurrence of certain risk factors, the probability of
which is unknown, may also affect actual results, events and
developments expected by the Company.
SOURCE ICS Copper Systems Ltd.
For further information:
Graham Chisholm firstname.lastname@example.org Office: (604) 859-3007; Cell: (604) 302-0746
Jeannette Durand email@example.com
Web Page: www.icscopper.com