Silver Shield Resources Corp.: Announces the Results of the Special Meeting
Toronto, January 29, 2016 - Silver Shield Resources Corp., (CSE: SSR), (the "Corporation"), announced today the voting results from its special meeting of the shareholders held January 28th, 2016. Shareholders voted in favour of all items of business before the meeting, which related primarily to instituting a new share structure, a name change and change of business as well as re-approval of the Corporation's existing options plan. Here follows a summary of the resolutions:Resolution 1 - Create New Class of Preferred Shares
Votes in favor for - 4,847,551 | Percentage in favor for — 99%
Resolution 2 - Change Name of Corporation
Votes in favor for - 4,851,051 | Percentage in favor for — 99%
Resolution 3 - Change of Business
Votes in favor for - 4,847,051 | Percentage in favor for — 99%
Resolution 4 - Stock Option Plan
Votes in favor for - 4,847,051 | Percentage in favor for — 99%
Although the Corporation has received shareholder approval to conduct the name change and the change in business, in order to fully implement Resolutions #2 and #3 the Corporation must submit to the Canadian Securities Exchange a listing statement outlining the details of the Corporation, and its new proposed business structure. Once the listing statement is approved by the Canadian Securities Exchange, the Corporation will inform shareholders, and bring forth another vote to approve these matters.
For further information please contact:
Mr. Frank Kordy, Interim CEO
Silver Shield Resources Corp.
T: (647) 466-4037
E: frank.kordy@silvershieldresources.net
Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release.
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