NGEx Announces Election of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 12, 2014) - NGEx Resources Inc. (TSX:NGQ) ("NGEx" or the "Corporation") is pleased to announce that the nominees listed in the management information circular for the 2014 Annual and Special Meeting of Shareholders ("Annual Meeting") were elected as directors of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting earlier today are set out below.
| Nominee | Votes For | % For | Votes Withheld | % Withheld | ||||
| Lukas H. Lundin | 48,152,476 | 84.06% | 9,132,610 | 15.94% | ||||
| Wojtek A. Wodzicki | 55,877,714 | 97.54% | 1,407,372 | 2.46% | ||||
| William A. Rand | 50,777,709 | 88.64% | 6,507,377 | 11.36% | ||||
| Paul K. Conibear | 52,602,000 | 91.82% | 4,683,086 | 8.18% | ||||
| David F. Mullen | 49,781,939 | 86.90% | 7,503,147 | 13.10% |
The resolution approving the Corporation's Share Option Plan which permits the issuance of up to 10% of the Corporation's issued and outstanding common shares from time to time, and all unallocated options under the Share Option Plan was carried with 93.19% of the votes cast in favour of such resolution.
In addition, the resolution approving the amendments to the Corporation's Share Option Plan and the Amended Share Option Plan was carried with 93.18% of the votes cast in favour of such resolution.
About NGEx
NGEx is a Canadian mineral exploration company with exploration projects in Chile, Argentina, and Canada. The Company's shares are listed on the TSX under the symbol "NGQ". The Company's focus is on advancing its South American projects which include several large copper-gold systems including the Josemaria, Los Helados, and Filo del Sol projects, located on a land package that the Company holds in Chile's Region III and adjacent San Juan Province, Argentina. Los Helados and Filo del Sol are part of a joint venture in which the Company holds 60% and Pan Pacific Copper Co., Ltd. holds 40%. Josemaria is part of a joint venture in which the Company holds 60% and Japan Oil, Gas, and Metals National Corporation (JOGMEC) owns 40%. In addition, the Company holds an extensive portfolio of 100% owned early stage exploration projects located in Chile and Argentina. It also owns a 100% interest in the GJ copper and gold project located in British Columbia Canada. The GJ project is optioned to Teck Resources who are earning up to a 75% interest.
On behalf of the board
Wojtek Wodzicki, President and CEO
Contact
NGEx Resources Inc.
Sophia Shane
Corporate Development
(604) 689-7842
ngexresources@namdo.com
www.ngexresources.com