Typhoon Shareholders Approved Resolutions at the 2014 Annual Meeting
June 26 2014 - 10:03AM
Marketwired Canada
TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE:TYP) announces the results of
its Shareholders' Annual General and Special Meeting held today, Wednesday June
25th, 2014, in Laval, Quebec. The shareholders approved in great majority the
resolutions put forth by the Directors during the Meeting, as follows;
1. DIRECTORS
Election of directors proposed by the management
Mr. David Mc Donald President and CEO
Mr. Paul Antaki Secretary and CFO
Mr. Leo Patry Independent Director
Mr. Michel Basque Independent Director
2. AUDITORS
Dallaire & Lapointe was re-elected as auditor of the Company
3. Approbation of By-Law 2013-1, with regard to the requirement to provide
advance notice for the nomination of Directors.
4. Reconfirmation of the shareholder rights plan
5. Amendment to the stock option plan
6. Approbation of an amendment to the exercise price of stock options
The Board of Directors and Management would like to thank all shareholders for
exercising their voting rights in such a large number. By doing so, you are
giving Typhoon Exploration's management the clear mandate to pursue its primary
mission which is the development of the Fayolle Deposit, with the goal of
creating a collective wealth for all and especially for its loyal shareholders.
The Board of Directors has approved a grant of 1,525,000 stock options to its
officers, directors, employees and consultants, under the company's Stock Option
Plan.
Each stock option is exercisable at a price of $0.12 per share, for a period of
10 years.
The company announces that for health reasons, Ms. Johanne Brisson took the
decision not to renew her mandate as a member of the Board. The Board would like
to warmly thank Ms. Brisson for her commitment and wishes her the best of
recovery.
ABOUT TYPHOON EXPLORATION INC.
- Typhoon Exploration Inc. only has 29,706,791 shares outstanding.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Information
David Mc Donald
450.622.4066
dmcdonald@explorationtyphon.com
www.typhoonexploration.com
Investor Relations
Patrick Wood
(416) 473-9133
pat.wood@tormontgroup.com
www.tormontgroup.com
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