VANCOUVER, Aug. 27, 2019 /CNW/ - PRIZE MINING
CORPORATION ("Prize" or the "Company") (TSXV:PRZ)
(OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that at
its Annual General and Special Meeting on August 22, 2019 (the "Meeting"), shareholders
approved all of the motions put forward as follows:
- The number of directors was set at five;
- The director nominees were all elected resulting in
Michael McPhie, Raul Ramirez Morton, José Avina, Dallas Pretty and Dino
Minichiello being re-elected as directors of the Company for
the ensuing year;
- Davidson & Company LLP were re-appointed as auditors;
- The continuation into BC from Alberta, including the adoption of new
Articles upon continuation (the "Continuation") was approved;
- The change of name of the Company to Boundary Gold and
Copper Mining Ltd. (the "Name Change") was approved;
- The consolidation of the Company's common shares on a basis of
five (5) pre-consolidation common shares for one (1)
post-consolidation common share, or such lesser ratio that the
board of directors of the Company may deem adequate (the
"Consolidation") was approved; and
- The continuation of the Company's 10% rolling stock option plan
was approved until the next annual general meeting.
The board of directors is now considering on whether, and in
what form, to proceed with the Consolidation and will make a
determination on this matter in the near future.
The Company plans to move forward with the Name Change, which is
subject to the Company obtaining all required regulatory approvals,
including the approval of the TSX Venture Exchange.
About Prize Mining Corp.
Prize is a junior mining issuer listed on the TSX Venture
Exchange. Prize is focused on the exploration and development
of the Kena Gold Property in southeastern British Columbia and the Manto Negro
Copper/Silver Property in Coahuila State, Mexico. Find out
more at: www.prizemining.com
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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.
Reader Advisory
Forward-Looking Statements. This news release contains
forward-looking statements. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate",
"scheduled", "potential", or other similar words, or statements
that certain events or conditions "may", "should" or "could"
occur.
The forward-looking statements are based on certain key
expectations and assumptions made by Prize. Although Prize
believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because
Prize can give no assurance that they will prove to be
correct. There is no assurance that the result of these
exploration programs will be successful. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These
include, but are not limited to, exploration risks and that
required regulatory and third-party approvals and consents are not
obtained on terms satisfactory to the parties within the timelines
provided.
The reader is cautioned that assumptions used in the preparation
of such information, although considered reasonable by the Company
at the time of preparation, may prove to be incorrect and readers
are cautioned not to place undue reliance on forward-looking
information, which speaks only as of the date hereof. The
Company does not undertake any obligation to release publicly any
revisions to forward-looking information contained herein to
reflect events or circumstances that occur after the date hereof or
to reflect the occurrence of unanticipated events, except as may be
required under applicable securities laws.
SOURCE Prize Mining Corporation