Turmalina Metals Announces AGM Results
July 31 2020 - 9:00AM
Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV,
TBXXF-OTCQX) is pleased to announce voting results of its annual
general meeting of shareholders (AGM) that was held on July 29,
2020.
At the AGM, shareholders set the size of the board of directors
at five. Detailed voting results regarding the election of
directors are as set out in the following table:
Director nominee |
Number of
sharesvoted for |
% of
sharesvoted for |
Number of
sharesvoted withheld |
% of
sharesvoted withheld |
|
|
|
|
|
Rohan Wolfe |
9,891,802 |
99.94 |
6,300 |
0.06 |
Bryan Slusarchuk |
9,891,802 |
99.94 |
6,300 |
0.06 |
Francisco Azevedo, Jr. |
9,891,802 |
99.94 |
6,300 |
0.06 |
Mark Eaton |
9,891,802 |
99.94 |
6,300 |
0.06 |
Miguel Inchaustegui |
9,891,802 |
99.94 |
6,300 |
0.06 |
|
|
|
|
|
Shareholders also approved:
- The appointment of Davidson & Company LLP as the auditor of
Turmalina Metals for the ensuing fiscal year;
- Authorization for the directors to fix the remuneration paid to
the auditor; and
- A resolution authorizing the continuation of Turmalina
Metal Corp.’s rolling stock option plan.
Turmalina is currently conducting Phase Two
drilling at the Company’s San Francisco Project located in the
mining friendly jurisdiction of San Juan, Argentina. The program is
targeting vertical and lateral extensions of the SFdLA breccia,
where multiple high-grade gold-silver-copper intercepts were
reported in Phase One drilling, as well as several new
high-priority breccia targets identified during the company’s
extensive summer field program (see Turmalina News Release dated
June 24, 2020 for more details).
In excess of 2,000 metres of drilling has been
completed to date during Phase Two drilling and the company has two
drill rigs turning. Cutting and logging of the drill core is
progressing smoothly: core deliveries to the assay lab will
commence today and will be ongoing over the next two months. Assay
results will be released as they are received and
assessed.
On Behalf of the Company,
Dr. Rohan Wolfe, Chief Executive Officer and Director.
Email: rohan@turmalinametals.comMobile: +976 9999
6994Website: turmalinametals.comAddress: #488 - 1090 West
Georgia St, Vancouver, BC V6E 3V7.
For Investor Relations enquiries, please contact Bryan
Slusarchuk at +1 833 923 3334 (toll free) or via
info@turmalinametals.com.
Statements
About Turmalina Metals and the San
Francisco Project: Turmalina Metals is a TSXV-listed
exploration company focused on developing our portfolio of high
grade gold-copper-silver-molybdenum projects in South America. Our
focus is on tourmaline breccias, a deposit style overlooked by many
explorers. Turmalina Metals is led by a team responsible for
multiple gold-copper molybdenum discoveries who are highly
experienced in this deposit style. Our projects are characterised
by open high-grade mineralisation on established mining licenses
that present compelling drill targets. The principle project held
by Turmalina is the San Francisco project in San Juan, Argentina.
For further information on the San Francisco Project, refer to the
technical report entitled “NI43-101 Technical Report San Francisco
Copper Gold Project, San Juan Province, Argentina” dated November
17, 2019 under the Corporation’s profile at www.sedar.com.
Forward Looking
Statement: This news release contains certain
"forward-looking statements" within the meaning of such statements
under applicable securities law. Forward-looking statements are
frequently characterized by words such as "anticipates", "plan",
"continue", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed", "positioned"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. These statements are only
predictions. Various assumptions were used in drawing the
conclusions or making the projections contained in the
forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made and are subject
to a variety of risks (including those risk factors identified in
the Corporation’s prospectus dated November 21, 2019) and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. The Corporation is under no obligation,
and expressly disclaims any intention or obligation, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
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