Gold Canyon Holds Its Annual General Meeting of the Shareholders
17 April 2014 - 2:30PM
Marketwired
Gold Canyon Holds Its Annual General Meeting of the Shareholders
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 17, 2014) - Gold
Canyon Resources Inc. (TSX-VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold
Canyon" or "the Company") is pleased to announce that its Annual
General Meeting of shareholders was held in Vancouver, British
Columbia on April 15, 2014 at which:
- the incumbent directors of the Company standing for
re-election, being Akiko Levinson, Quinton Hennigh and Ron Schmitz,
were all re-elected as directors of Gold Canyon for the coming
year;
- three proposed new nominee directors, Julie Desjardins, Peter
Levinson and Jayant Bhandari, were elected as directors of Gold
Canyon for the coming year;
- Davidson & Company, the incumbent auditors of the Company,
were re-appointed auditors of Gold Canyon for the coming year;
- in accordance with the policies of the TSX Venture Exchange,
the Company's newly adopted 5% rolling stock option plan (the
"Option Plan"), as more fully described in the Company's news
release of March 11, 2014, was ratified by the shareholders of the
Company for the coming year; and
- the Advance Notice Policy, as more fully described in the
Company's news release of February 20, 2014, was approved by the
shareholders of the Company.
Julie Desjardins, CPA, CA, has over 20 years of business
consulting experience. She is President of Desjardins &
Associates Consulting Inc., a company dedicated to performance
measurement and business reporting, including sustainability
reporting. Ms. Desjardins is on the boards of Transparency
International Canada, Responsible Investment Association and
Forests Ontario. She is the recipient of two Governor General of
Canada medals for dedication to community service.
Peter Levinson, J.D., B.A., was a Partner at Lonestar Capital
Management in San Francisco until November 2013. Mr. Levinson has
approximately 20 years of experience in the securities industry,
primarily as a distressed debt trader. Mr. Levinson briefly
practiced law for the firm of Howard Rice Nemerovsky Canady Falk
& Rabkin (now Arnold & Porter LLP). He received his J.D.
from Stanford University and a B.A. from Connecticut College.
Jayant Bhandari, MBA, B.Eng (Computer Science), has been an
Asian-based institutional investor adviser for the last three
years. Prior to that he worked for six years with US Global
Investors in the United States, a boutique natural resource
investment firm, and for one year with Casey Research. Prior to his
involvement in the investment industry he established and managed
Indian subsidiary operations of two European companies. He received
his MBA from Manchester Business School (UK) and holds a Bachelor
of Engineering from SGSITS (India). He frequently writes on
cultural, political and social issues in several publications.
Conrad Pinette, Troy Fierro, Richard Hall and Terrence Lyons,
did not stand for re-election. The Company wishes to thank each of
them for their guidance and insight over the last few years and
wishes them all the very best.
Akiko Levinson states, "We are delighted to welcome Ms.
Desjardins and Messrs. Bhandari and Levinson to the board of Gold
Canyon. Their collective expertise will help with aspects of
permitting, politics and financing that will be necessary to move
the Springpole Gold Project forward. The Company's recommendation
and shareholders' approval to reduce to a 5% rolling stock option
plan from a 10% rolling stock option plan demonstrates Gold
Canyon's commitment to minimizing dilution to shareholders."?Çï
The Company further announces that pursuant to the Company's
Option Plan, it has granted incentive stock options to its
directors, officers, employees and consultants to purchase an
aggregate of 2,250,000 common shares. The stock options have a term
of three (3) years, subject to one-third vesting of the grant every
six (6) months from grant day with full vesting in the first 18
months of the term, and have an exercise price of $0.31 per
share.
About Gold Canyon Resources Inc.:
Gold Canyon is engaged in the acquisition and exploration of
mineral and precious metals properties. The Company controls a 100%
interest in the Springpole Gold - Horseshoe Island Gold, Platinum,
Palladium Project and a minority interest in the Favourable Lake
Poly-metallic property currently under option to Guyana Frontier
Mining Corp. pursuant to an option and joint venture agreement
entered into in December 2005 - all in the Red Lake Mining District
of Ontario, Canada.
Gold Canyon entered into a Rare Earth Element (REE) Joint
Exploration Agreement with the Japan Oil, Gas and Metals National
Corporation (JOGMEC) in January 2009.
Additional information can be found on the Company's website:
www.goldcanyon.ca.
Akiko Levinson, President & Director
Neither the 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 news release.
Gold Canyon Resources Inc.(604) 682-3234Toll free: 1 (888)
242-3234(604) 682-0537info@goldcanyon.cawww.goldcanyon.ca
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