Val-d'Or Mining Announces Shareholder Meeting Results and Option Grants
Rhea-AI Summary
Val-d'Or Mining (OTC:VDOMF) reported shareholder meeting results held October 3, 2025. Shareholders re-elected five incumbent directors and elected Jimmy S.H. Lee as a sixth director. The meeting appointed McGovern Hurley LLP as auditor and approved amendments to the 10% rolling stock option incentive plan. Shareholders also approved the designation of Jimmy S.H. Lee as a control person, with Mr. Lee's shares withheld from the disinterested vote.
Following the meeting the Board reconstituted its Audit and Compensation & Corporate Governance committees, named executive officers (Glenn J. Mullan as Chair/CEO; Louis Doyle as Lead Director; Rico De Vega as CFO & Corporate Secretary; Dr. C. Jens Zinke as COO; Michael Rosatelli as VP Exploration) and granted incentive stock options for an aggregate 3,094,000 common shares at $0.08 per share exercisable for five years.
Positive
- Five incumbent directors re-elected, preserving board continuity
- New director added: Jimmy S.H. Lee, increasing board to six members
- Auditor appointed: McGovern Hurley LLP for the ensuing year
- Incentive stock options granted: 3,094,000 shares at $0.08 for five years
Negative
- Approval created Jimmy S.H. Lee as a control person, raising governance concentration
- Mr. Lee's shares were withheld from the disinterested vote, indicating conflicted voting
News Market Reaction
On the day this news was published, VDOMF gained 10.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Val-d'Or, Québec--(Newsfile Corp. - October 6, 2025) - Val-d'Or Mining Corporation (TSXV: VZZ) ("Val-d'Or Mining" or the "Company") announces the results of its annual general and special meeting of shareholders (the "Meeting") held in Val-d'Or, Québec, and by telephone conference, on October 3, 2025.
At the Meeting, shareholders re-elected the five incumbent directors, being Louis Doyle, Deborah Honig, Glenn J. Mullan, Lukas Shewchuk and Dr. C. Jens Zinke, and also elected an nominee for election, Jimmy S.H. Lee, as the sixth director. Shareholders appointed McGovern Hurley LLP as Val-d'Or Mining's auditor for the ensuing year and approved amendments to the previously adopted
Following the Meeting, the Board reconstituted its Audit Committee and its Compensation and Corporate Governance Committee. The Board also appointed officers for the ensuing year as follows:
| Chair, President & Chief Executive Officer: | Glenn J. Mullan | |
| Lead Director: | Louis Doyle | |
| Chief Financial Officer & Corporate Secretary: | Rico De Vega | |
| Chief Operating Officer: | Dr. C. Jens Zinke | |
| Vice President, Exploration: | Michael Rosatelli |
The Company's Board has granted incentive stock options to its directors and officers entitling the purchase of an aggregate 3,094,000 common shares at a per share price of
For additional information, please contact:
Glenn J. Mullan
2772 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: glenn.mullan@groupzedzed.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269337
FAQ
What did Val-d'Or Mining (VDOMF) shareholders approve on October 3, 2025?
How many stock options did Val-d'Or Mining (VDOMF) grant and at what price?
Who are the named officers of Val-d'Or Mining (VDOMF) after the October 2025 meeting?
What does being designated a control person mean for Jimmy S.H. Lee at VDOMF?
Will the October 3, 2025 meeting changes affect Val-d'Or Mining (VDOMF) governance committees?
