Cartier Resources Inc; Announces AGM Election Results
27.05.2013 | Marketwire
VAL-D'OR, 05/27/13 - Cartier Resources Inc. (the "Company") (TSX VENTURE: ECR) announces that following its annual general meeting held on May 24th, 2013 that the following people were elected as directors of the Company:- Michel Bouchard
- Philippe Cloutier
- Mario Jacob
- Jean-Yves Laliberte
- Daniel Masse
The proposal to maintain the stock option plan as presented in the Management Information Circular was approved by the shareholders at the annual general meeting. The proposal allows the Company to grant a number of stock options representing a maximum of 10% of the shares outstanding (on a non-diluted basis).
The proposal to appoint Deloitte s.e.n.c.r.l. as auditors of the Company as presented in the Management Information Circular was approved by the shareholders at the annual general meeting.
The proposal to bring a modification to the by-laws of the Company as presented in the Management Information Circular was approved by the shareholders at the annual general meeting. The proposal includes a provision that requires advance notice to the Corporation in circumstances where nominations of persons for election to the Board are made by shareholders of the Corporation.
Following the annual meeting, the Board of Directors named the following people as officers of the Company:
- Philippe Cloutier, President and Chief Executive Officer;
- Jean-Yves Laliberte, Corporate Secretary and Chief Financial Officer;
- Gaetan Lavalliere, Vice President
Grant of Stock Options:
On May 24th, 2013, the Board of Directors awarded a total of 950,000 stock options to directors and officers of the Company. Pursuant to the terms of the Company's stock option plan, each option grants the holder of such option the right to purchase a common share of the Company at a price of $0.25 per share no later than May 23rd 2018.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Contact
Philippe Cloutier, President and CEO
Cartier Resources Inc.
(819) 874-1331
(819) 874-3113
Toll free: 877 874-1331