Vancouver, British Columbia / June 28, 2019 – Arizona Silver Exploration Inc. (the “Company” or “Arizona Silver”) (TSX-V: AZS) (OTCQB: AZASF) is pleased to announce that all proposed resolutions were passed at the Company’s annual general meeting (the “Meeting”) held on today’s date.
A total of 6,887,729common shares (the “Shares”), representing 19.98% of the issued and outstanding Shares of the Company, were represented at the Meeting, which Shares were voted with respect to the following resolutions:
Election of Directors:
| Nominee | ||
| For | Withheld | |
| Gregory A. Hahn | 99.26% | 0.74% |
| Mike Stark | 99.23% | 0.77% |
| David John Vincent | 95.81% | 4.19% |
| Scott Hean | 95.81% | 4.19% |
| Eugene Spiering | 95.78% | 4.22% |
Appointment of Auditors:
| For | Withheld |
| 99.23% | 0.77% |
Other Business:
| For | Against |
| 95.81% | 4.19% |
Under Other Business, it was stated that the Company currently has a fixed stock option plan (less than 10%) (the “Existing Plan”) and that the Company wishes to replace it with a new 10% rolling stock option plan (the “New Plan”). At the Meeting, the Company approved the adoption of the New Plan, the motion with 95.81% affirmative votes, subject to the approval of the TSX Venture Exchange. The New Plan was subsequently approved by the board of directors of the Company following the AGM.
Forthwith upon the conclusion of the AGM, the Company has appointed the following as officers of the Company:
Mike Stark – President and CEO
Gregory Hahn – VP, Exploration
Scott Hean – Chairman
Dong H. Shim – CFO and Corporate Secretary
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATION INC.
Mike Stark
President and CEO
T: (604) 833-4278
W: www.arizonasilverexploration.com
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.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2019 exploration program; objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.