Altair Resources shareholders approve matters at AGM

Altair Resources

Altair Resources Inc (C:AVX)
Shares Issued 24,710,596
Last Close 11/29/2016 $0.18
Tuesday November 29 2016 – News Release

Mr. John Huguet reports

ALTAIR ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

At the company’s annual and special meeting of shareholders held on Nov. 29, 2016, Harold (Roy) Shipes, John Huguet, Robert Naso and Dr. Aylin Cecen Aksu were elected as directors for the ensuing year. The shareholders also passed all other resolutions including an ordinary resolution to update and replace the Company’s existing stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant, and a special resolution to amend and replace the Articles of the Company.

Following the shareholders meeting, the Board appointed Mr. Bruce Reid as an additional director. The Board also appointed the officers and audit committee members of the Company for the ensuing year.

Mr. Reid is currently the President of Idaho Champion Gold Mines Ltd, a private Gold Exploration Corporation and is also currently the Executive Chairman of Satori Resources a publicly traded Canadian Mining Development Company. He was the CEO, President and Executive Chairman of Carlisle Goldfields, which he founded and financed since 2009. Over the past six years Mr. Reid raised over $30 million while the Company discovered over 5 million ounces of Gold on the Company’s Lynn Lake, Manitoba Project. Carlisle Goldfields was purchased by Alamos Gold in a $75 million takeover earlier this year. Prior to that from 2005-2008 Mr. Reid was one of the Founders, President and CEO of U.S. Silver Corp. where he raised over $75 million to modernize and renovate the Galena Sliver Mine in Idaho and return the asset back to profitability. Prior to that Mr Reid worked as both an Investment Banker and a Mining Analyst in the Canadian Securities industry for a number of prominent firms such as Nesbitt Thompson, Loewen Ondaatje McCutcheon and Yorkton Securities. Mr. Reid brings to the Corporation over 35 years of extensive experience in Mining Development, Exploration and Corporate Finance. His background also includes an Honours B.Sc. in Geology from the University of Toronto in 1979 and a Finance degree from the University of Windsor in 1982.

Mr. John Huguet, Chairman, comments “We are very pleased to welcome Bruce Reid to our Board of Directors. His experience will prove invaluable over the development phase of the Altair assets.”

The officers of the Company were appointed as follows:

  • John Huguet, FCPA, FCMA Chairman and Chief Executive Officer
  • Harold Shipes, Mining and Metallurgical Engineer President and Chief Operating Officer
  • Robert Naso, BSC, MBA Chief Financial Officer
  • Nick DeMare, CPA,CA Corporate Secretary
  • The audit committee members were appointed as follows: John Huguet, Bruce Reid and Dr. Aylin Cecen Aksu.