VANCOUVER, BC, Sept. 17, 2021 /CNW/ - Kootenay Silver Inc.
("Kootenay" or the "Company") (TSXV: KTN), is pleased
to announce the results of its annual and special meeting of
shareholders (the "Meeting") held on September 15,
2021. At the Meeting, the shareholders of the Company
approved all resolutions placed before them by management as set
out in the Company's management information circular dated
August 12, 2021, including:
(i) fixing the number of directors at five and electing
Kenneth E. Berry, James M. McDonald, Brian
Groves, Jon Morda and
Antonio Reda as directors of the
Company for the ensuing year; (ii) the re-appointment of
MNP LLP, Chartered Professional Accountants, as auditor of the
Company for the ensuing year at a remuneration to be fixed by the
directors; (iii) the ratification of the Company's stock
option plan; (iv) the adoption of a share unit plan and
deferred share unit plan for the Company; (v) the statutory
plan of arrangement (the "Plan of Arrangement") among the
Company, the Company's securityholders and Kootenay Resources Inc.
("Spinco"), a wholly-owned subsidiary of the Company; and
(vi) the adoption of a rolling 10% stock option plan, share
unit plan and deferred share unit plan for Spinco.
The Plan of Arrangement still remains subject to Court and final
TSX Venture Exchange approvals. Additional details regarding
the Effective Date of the Plan of Arrangement will be provided in a
subsequent press release once all approvals have been obtained.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged
in the discovery and development of mineral projects in the Sierra
Madre Region of Mexico and in
British Columbia, Canada.
Supported by one of the largest junior portfolios of silver assets
in Mexico, Kootenay continues to
provide its shareholders with significant leverage to silver
prices. The Company remains focused on the expansion of its current
silver resources, new discoveries and the near-term economic
development of its priority silver projects located in prolific
mining districts in Sonora, State
and Chihuahua, State, Mexico,
respectively.
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 release.
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SOURCE Kootenay Silver Inc.