Group Eleven Provides Results of Annual General Meeting
Rhea-AI Summary
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) held its annual general meeting on July 22, 2024, in Vancouver, with 67.037% of outstanding shares represented. All resolutions passed by majority vote, including:
1. Election of directors: Daniel MacInnis, Alessandro Bitelli, Brendan Cahill, Bart Jaworski, and Ken Klassen were elected with over 97% approval each.
2. Re-appointment of Davidson & Company as auditors with 99.970% approval.
3. Approval of the Stock Option Plan with 99.931% support.
Post-meeting, the board re-appointed key executives, including Bart Jaworski as CEO and Daniel MacInnis as Chairman.
Positive
- High shareholder participation with 67.037% of outstanding shares represented at the AGM
- All proposed resolutions passed with strong majority support
- Directors elected with over 97% approval rates
- Stock Option Plan approved with 99.931% support
- Continuity in leadership with re-appointment of key executives
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, GRLVF gained 4.85%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on July 22, 2024.
Annual General Meeting Results
A total of 134,504,875 common shares were represented at the AGM, representing
Item 1. Election of Directors
At the Meeting all director nominees listed in the Circular were elected as directors of the Company.
| Director | Vote Type | Number of Votes | Percentage of Votes |
| Daniel MacInnis | For Withheld | 124,448,514 3,344,168 | |
| Alessandro Bitelli | For Withheld | 124,448,514 3,344,168 | |
| Brendan Cahill | For Withheld | 124,428,514 3,364,168 | |
| Bart Jaworski | For Withheld | 127,421,741 370,941 | |
| Ken Klassen | For Withheld | 124,787,014 3,005,668 |
Item 2. Appointment of Auditor
Davidson & Company, Chartered Public Accountants, were re-appointed as auditors of the Company.
| Votes For | % of Votes | Votes Withheld | % of Votes |
| 134,464,874 | 40,001 |
Item 3. Approval of Stock Option Plan
| Equity Plan | Vote Type | Number of Votes | Percentage of Votes |
| Stock Option Plan | For Against | 127,705,081 87,601 |
Following the annual general meeting, the board of directors re-appointed Bart Jaworski as CEO, Jeannine Webb as CFO, David Furlong as COO, Daniel MacInnis as Chairman (independent) and Sheryl Dhillon as Corporate Secretary. Group Eleven would like to sincerely thank the Company's shareholders for their continued strong support.
About Group Eleven Resources
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. Additional information about the Company is available at www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514
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.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217394
FAQ
What was the outcome of Group Eleven Resources Corp's (GRLVF) annual general meeting on July 22, 2024?
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Who was re-appointed as CEO of Group Eleven Resources Corp (GRLVF) following the 2024 AGM?
