Val-d'Or Mining Announces Shareholder Meeting Results and Option Grants
Rhea-AI Summary
Val-d'Or Mining (TSXV: VZZ) held its annual general and special meeting on October 18, 2024, in Val-d'Or, Québec. Shareholders re-elected five incumbent directors and appointed McGovern Hurley LLP as the company's auditor. The 10% rolling stock option incentive plan was re-approved, and shareholders passed a special resolution to alter the company's articles, including mandatory procedures for director nominations.
The Board reconstituted its committees and appointed officers, with Glenn J. Mullan as Chair, President & CEO. The company also granted incentive stock options to directors and officers, allowing the purchase of 576,000 common shares at $0.065 per share for a 5-year period.
Positive
- Re-election of incumbent directors indicates stability in company leadership
- Approval of stock option incentive plan may help attract and retain talent
- Granting of incentive stock options to directors and officers aligns their interests with shareholders
Negative
- None.
News Market Reaction
On the day this news was published, VDOMF declined 38.37%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Val-d'Or, Québec--(Newsfile Corp. - October 18, 2024) - 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 18, 2024.
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. Shareholders appointed McGovern Hurley LLP as Val-d'Or Mining's auditor for the ensuing year and re-approved the previously adopted
In addition, shareholders approved, by a special resolution, the alteration of the Company's articles to include mandatory procedures for nominations of persons for election as directors, including advance notice and disclosure requirements for nominations by shareholders.
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 576,000 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/227108
FAQ
What were the main outcomes of Val-d'Or Mining's (TSXV: VZZ) annual general meeting on October 18, 2024?
Who was appointed as Chair, President & CEO of Val-d'Or Mining (TSXV: VZZ) following the October 18, 2024 meeting?
What stock options did Val-d'Or Mining (TSXV: VZZ) grant to its directors and officers on October 18, 2024?
