SASKATOON, SK, Nov. 25, 2020 /CNW/ - Royal Helium Ltd. ("Royal"
or the "Company") (TSXV: RHC) is pleased to announce the results of
the Company's Annual General Meeting, which was held today. All
matters submitted to shareholders for approval as set out in the
Company's Notice of Meeting and Information Circular, both
dated October 30, 2020, were approved by the requisite
majority of votes cast at the Meeting.
Approved items were as follows: the number of directors was set
at five (5), the appointment of McGovern, Hurley, Cunningham,
LLP, Chartered Professional Accountants as auditor and the
passing of the Company's Stock Option Plan.
The details of the voting results for the election of directors
are set out below:
Director
|
Votes
For
|
|
#
|
%
|
|
|
|
Andrew
Davidson
|
15,
781,498
|
99.97
|
|
|
|
Tom
MacNeill
|
15,783,998
|
99.99
|
|
|
|
John
Pringle
|
15,782,298
|
99.98
|
|
|
|
Sylvain
Laberge
|
15,783,998
|
99.99
|
|
|
|
Campbell
Becher
|
15,772,298
|
99.91
|
Andrew Davidson, President and
CEO comments, "We would like to thank the shareholders and their
great support at today's AGM and look forward to bringing Royal
Helium's development plan to full fruition with a drill program in
the near future. Royal would like to welcome Campbell Becher to the
board of directors, his expertise and experience in the capital
markets will be invaluable as we now move forward into the major
part of our exploration plans".
The Company's report of voting results will be available on the
Company's website.
About Royal Helium Ltd.
Royal is focused on the exploration and development of primary
helium production in southern Saskatchewan. With over 400,000
hectares of prospective helium lands held under permits, leases and
applications, Royal is one of the largest helium leaseholders in
North America. Located next to highways, roads, cities and,
importantly, close to existing oil and gas infrastructure, Royals
projects were methodically evaluated for helium potential for over
two years, and have been vetted by helium experts, professional
geologists and engineers.
For more information, please contact Andrew Davidson, the Chairman, President and CEO
of the Company.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Neither 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.
This release includes certain statements that may be deemed
to be "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
events or developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual
results to differ materially from those in forward-looking
statements, include market prices, exploration and development
successes, continued availability of capital and financing, and
general economic, market or business conditions. Please see
the public filings of the Company at www.sedar.com for further
information.
SOURCE Royal Helium Ltd.