VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 26, 2015) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") today announced the voting results from its annual general meeting ("AGM") of shareholders held on June 26, 2015. A total of 14,802,165 common shares representing 62.08% of Eagle Hill's issued and outstanding common shares were voted at the AGM.
Board of Directors
Each of the nominees proposed by management was elected as a director of the Company to hold office until the next AGM, or until successors are elected or appointed:
| Nominee |
Position |
Percentage of Votes for |
| John Proust |
Executive Chairman |
99.52% |
| David Christie |
President, CEO & Director |
99.73% |
| Dr. Mike Andrews |
Director |
99.87% |
| Carl Calandra |
Director |
99.76% |
| Robert Parsons |
Director |
99.89% |
| Paul-Henri Girard |
Director |
99.76% |
Other Business of the Meeting
Shareholders voted in favour of all items of business put forth at the meeting, as outlined below:
| Motion |
Percentage of Votes for |
| To appoint KPMG LLP, Chartered Accountants as Auditors of the Company |
99.94% |
| To approve the existing 10% Rolling Stock Option Plan |
99.20% |
| Disinterested shareholder approval of the grant of stock options |
99.17% |
Following the AGM, Eagle Hill's Board of Directors confirmed the appointment of the Company's executive team: John Proust as Executive Chairman, David Christie as President & CEO, Danny Lee as Chief Financial Officer, Jean-Philippe Desrochers as Vice President Exploration, Rhylin Bailie as Vice President Communications & Investor Relations, and Eileen Au as Corporate Secretary.
On Behalf of the Board of Directors
John Proust, Executive Chairman
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral exploration company focused on the exploration and development of the high-grade Windfall Lake gold deposit, located between Val-d'Or and Chibougamau in Quebec, Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit remains open at depth and along strike. Additional exploration and technical work is planned for 2015 and 2016 as the project advances to pre-feasibility. More information is available at www.eaglehillexploration.com.
On June 9, 2015, Eagle Hill announced a proposed combination with Oban Mining Corporation, Temex Resources Corp., Ryan Gold Corp. and Corona Gold Corporation by way of a share exchange takeover bid by Oban. Oban has the option to revise the structure of the Transaction and to proceed by way of plan of arrangement should it conclude that is necessary or desirable. If completed, the proposed combination would create a new leading Canadian focused gold exploration and development company with approximately $65 million in cash and investments. Completion of the combination is subject to Toronto Stock Exchange approval.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-looking Statements
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of any of the words "would", "proceed", "proposed", "planned" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This document contains forward-looking statements and assumptions pertaining to the following: uncertainty regarding completion of the business combination announced on June 9, 2015 involving Eagle Hill, Oban Mining, Temex Resources, Ryan Gold and Corona Gold; uncertainties resulting from potential delays or changes in plans; and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors, including uncertainty related to drill results and the inclusion of drill results in future resource estimates for the property. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.