REGINA, Oct. 27, 2014 /CNW/ - Strategic Resources Inc. advises that its Annual General Meeting was held on October 16, 2014.
The resolution to set the number of Directors at 4 (four) for the ensuing year was approved. The Directors will be Malcolm Bucholtz, John Cook, Tony Kovschak and Mark Tommasi, with Mr. Tomassi being a new addition to the Board.
Mr. Tommasi, a former investment advisor, has served as a senior officer, director and financier of numerous public and private companies both in the United States and Canada. He has more than 20 years of experience in corporate development, finance, board and committee activities and marketing.
Mr. Tommasi replaces outgoing Director John Clema. The Company wishes to thank Mr. Clema for his over 3 years of service to the Board.
The resolution to approve Crowe Mackay LLP as corporate auditor for the ensuing year was approved.
The resolution to maintain the Company's rolling stock option plan was rejected.
The special resolution to consolidate the outstanding share capital at a ratio of up to fifteen (15) to one (1) was overwhelmingly approved.
Strategic Resources is a Canadian based junior exploration company with a Rare Earth exploration project in Lincoln County, New Mexico. More information about the company is available on line at www.strategicresourcesinc.ca.
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.
Forward looking statements:
This news release may contain certain forward-looking inferences or statements. These forward-looking inferences or statements are subject to a variety of risks and uncertainties beyond the Corporation's control or prediction and could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although the Corporation believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.
SOURCE: Strategic Resources Inc.
For further information: Malcolm Bucholtz, President & CEO, Tel: 1.306.525.0852, [email protected]