VANCOUVER, BC, May 3, 2023
/CNW/ - Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF)
("Bluestone" or the "Company") is pleased to announce the
results of voting at its annual general meeting of shareholders
which was held on May 3, 2023, in
Vancouver, BC (the
"Meeting"). Full details of all the voting results for
the 2023 Meeting are available on SEDAR at www.sedar.com.
A total of 63,991,452 common shares, representing 42.3% of the
votes attached to all outstanding shares as at the record date for
the Meeting, were represented at the Meeting. All of the matters
submitted to the shareholders for approval as set out in the
Company's Notice of Meeting and Information Circular dated
March 24, 2023, were approved by the
requisite majority of votes cast at the Meeting.
The nominees for directors were elected as set out in the
following table:
Director
|
Votes
For
|
%
|
James Beck
|
63,989,922
|
100.00
|
Zara Boldt
|
62,754,654
|
98.07
|
Dave Dicaire
|
63,989,922
|
100.00
|
Peter
Hemstead
|
63,989,922
|
100.00
|
William Lamb
|
63,989,922
|
100.00
|
Jack Lundin
|
63,985,422
|
99.99
|
Leo Hathaway, who did not stand for
re-election at the Meeting, was a member of the Bluestone Board of
Directors since 2017, and served on the Audit Committee, the
Corporate Governance and Nominations Committee, and the
Technical Committee.
Peter Hemstead, President and CEO
commented, "We would like to thank Leo for his contributions to the
Company; he has been a strong Board Member, providing insightful
feedback and leadership experience, especially surrounding the
improvements to our geological understanding of the Cerro Blanco
deposit. On behalf of Bluestone's senior management team and our
Board, we would like to thank Leo for his contributions and wish
him the best in his future endeavours."
At the Meeting, shareholders also approved the appointment of
PricewaterhouseCoopers LLP as auditors of the Company for the
ensuing year, and the Company's amended Stock Option Plan was
approved by disinterested shareholders.
About Bluestone Resources
Bluestone Resources is a Canadian-based precious metals
exploration and development company focused on opportunities in
Guatemala. The Company's flagship
asset is the Cerro Blanco Gold Project, a near surface mine
development project located in Southern
Guatemala in the department of Jutiapa. The Company released
the results of a Feasibility Study for the Project, outlining an
asset capable of producing over 300 koz/yr at head grades of +2.0
g/t gold. The Project will produce 2.6 million ounces of gold over
the life of mine at an all-in sustaining cost of $629/oz (as defined per World Gold Council
guidelines, less corporate general and administration costs) over
an initial 14-year mine life. The Company trades under the symbol
"BSR" on the TSX Venture Exchange and "BBSRF" on the OTCQB.
On Behalf of Bluestone Resources Inc.
"Peter
Hemstead"
Peter Hemstead | President,
CEO &
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 release.
SOURCE Bluestone Resources Inc.