Vancouver, British Columbia – February 1, 2018 – East Asia Minerals Corporation (TSX-V: EAS) (“East Asia Minerals” or the “Company“) is very pleased to announce the voting results from its Annual and Special General Meeting of Shareholders (the “Meeting”), held Thursday, February 1, 2018 in Vancouver, B.C.
Over 64% of the issued and outstanding shares were voted at the Meeting out of which more than double the votes submitted by the Dissidents overwhelmingly approved the following resolutions proposed by the Management in the information circular of the Company dated December 22, 2017 and filed on www.sedar.com on January 5, 2018:
- To set the number of directors at four (4);
- The election of directors of Terry Filbert, R. Scott Chaykin, Alan McMillan and Garry Kielenstyn;
- The appointment of Davidson & Company LLP as the Company’s auditors for the ensuing year; and
- The adoption of new articles for the Company.
The Management withdrew consideration of the adoption of the new Stock Option Plan and Restricted Share Unit Plan for the time being.
“On behalf of the Management team and Board, I would like to thank the overwhelming support we have received from our shareholders.” said Terry Filbert, Chairman &CEO of East Asia Minerals. “We hope to put the disruptive actions of the dissidents behind us and continue forward. The team is eager to return to focusing its efforts on delivering value to our shareholders in the near and long term.”
East Asia Minerals Corporation
Terry Filbert, Chairman & CEO
Neither 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.
Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.