VANCOUVER, Oct. 1, 2019 /CNW/ - Crystal Lake Mining
Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF)
("Crystal Lake" or the
"Company") is pleased to announce the results of voting of
its Annual General and Special Meeting (the "Meeting") of
shareholders which was held at 11:00
am on September 30, 2019 in
Vancouver, Canada.
All matters submitted to shareholders for approval as set out in
the Company's Notice of Meeting and Information Circular, (both
dated August 23, 2019), were approved
by the majority of votes cast at the Meeting with a total of
34,383,710 common shares (the "Shares") representing 32.03%
of the issued Shares of the Company represented at the Meeting.
Details of the Meeting are provided below.
Appointment of Maurizio Napoli
as CEO & President
The Company is pleased to announce that Mr. Maurizio Napoli has been appointed CEO and
President of the Company. Maurizio ("Mars") Napoli's
information and statement is added below.
Mr. Savage will remain as a member of the Company's board
of directors (the "Board"). The Company thanks him for his
service as CEO and value he has brought to the Company which
includes solidifying the acquisition of its Newmont Lake Project
and for bringing in valuable and strategic shareholders to the
Company. The Company looks forward to his continued support as a
member of the Board.
Appointment of Brian Moore as
CFO & Director
The Company is pleased to welcome Mr. Brian Moore as CFO and a director of the
Company. Brian Moore's information
is added below.
He replaces Alphonse Ruggiero in
the position who has stepped down as CFO of the Company.
Mr. Ruggiero will remain as a member of the Board. The Company
thanks him for his service while in the CFO position.
Number of Directors
- The number of Directors was set at five (5).
Election of Directors, Addition of new Director
- The director nominees were elected resulting in Lawrence Roulston, Wally
Boguski, Richard Savage,
Alphonse Ruggiero.
- The Chair informed that Mr. Dave
Ellett stepped down as a nominee member of the Board before
the Meeting and informed that Mr. Brian
Moore was nominated as a director of the Company. The
Company wishes to thank Mr. Ellett for his service as a member of
the Company's Board.
Appointment of Auditors
- Davidson & Company LLP, Chartered Accountants were
re-appointed as auditors of the Company.
Stock Option Plan
- 97.86% voted in favour of the adoption of a new 10% rolling
stock option plan.
Re-pricing of Stock Options
- 97.66% voted in favour of the re-pricing of previously granted
stock options to insiders of the Company.
Plan of Arrangement Resolution
- 98.85% voted in favour of the special resolution with respect
to the Plan of Arrangement, which involves the distribution of
common shares of Sassy Resources Corporation to the shareholders of
the Company.
Maurizio Napoli (CEO &
President) Information
Maurizio Napoli completed H.BSc.
and M.Sc. degrees at Laurentian
University. He worked for 2 years with the Ministry of
Northern Development and Mines mapping the numerous gold
occurrences in the Fox Lake Belt near Whitefish Ontario. He continued his career
with Inco, IncoGold and Vale exploring for magmatic nickel-copper
sulphides globally, gold in the Abitibi Greenstone Belt and uranium
in New Brunswick. He retired as an
Exploration Manager from Vale in 2016.
Maurizio Napoli, CEO &
President stated, "Crystal Lake's
Newmont Lake Project, is a multi-focused high-grade gold, silver,
copper and other strategic metals project, along the western flank
of the Eskay Rift in NW BC, in the heart of the Golden Triangle.
The Company's first season of developing the Project has delineated
three exciting target areas for the Company and its shareholders
including the Newmont Lake Gold Corridor, Burgundy Ridge & 72
Zone and the Chachi Corridor. Numerous exciting results are
forthcoming from all three zones. On behalf of our whole team I'd
like to thank everyone for the patience and support given to us
which allowed us to complete one of the largest junior exploration
programs in the Golden Triangle this season."
Brian Moore (Director &
CFO) Information
Brian Moore has been providing
taxation, accounting, and business advisory services since 1979,
establishing his own firm in 1986. His Partner Paul Turner and
Brian co-founded TurnerMoore LLP in 1994. Their firm is committed
to helping business operators and entrepreneurs in building and
maintaining enterprises from start-up, growth and succession.
Brian is an active volunteer in his community, and over the past
thirty years has served on carious not-for-profit boards and in
political organizations. He is a past Governor of CGA Ontario, past
member of committees for both CGA Ontario and CGA Canada, and
currently serves as a Practice Inspector for CGA Ontario. In 2009,
CGA Canada awarded Brian the Fellowship designation (FCGA) in
recognition of his contributions to CGA and the accounting
profession.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration
company focused on building shareholder value through high-grade
discovery opportunities in British
Columbia and Ontario. The
Company has an option to earn a 100% interest in the Newmont Lake
Project, one of the largest land packages among juniors in the
broader Eskay region in the heart of Northwest B.C.'s Golden
Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING
CORP.
"Maurizio Napoli"
President & CEO
Email: info@crystallakemining.com
www.crystallakemining.com
SOURCE Crystal Lake Mining Corporation