VANCOUVER, BRITISH COLUMBIA – April 15th 2019: ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy) Shipes, Chairman and CEO, is pleased to announce that at the special meeting of the shareholders of Altair held April 12, 2019, the following resolutions were passed by disinterested shareholders of the Company:
(i) an ordinary resolution approving the creation of a new “Control Person” of the Company (as that term is defined in the TSX Venture Exchange Corporate Finance Manual), resulting from the acquisition of securities by Maleksultan Dhanani and Zahir Dhanani through a private placement financing being conducted by the Company, the terms of which are described in the Company’s news release dated February 25, 2019; and
(ii) a special resolution approving the sale of the Company’s U.S. subsidiary, Altair Mining Inc., to International Silver Inc., the terms of which are described in the Company’s news release dated February 22, 2019.
The above financing and sale of the Company’s U.S. subsidiary remain subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD,
Harold Shipes, Chairman & CEO