VANCOUVER, BC, Dec. 12,
2022 /CNW/ - Vanadian Energy Corp. (TSXV: VEC)
(the "Company") is pleased to report that the nominees
listed in the management proxy circular dated October 21, 2022 for the annual and special
meeting of shareholders of the Company held on November 30, 2022 (the "Meeting") were
elected as directors of the Company. The appointment of each of the
nominees to the Company's board was approved by more than 96.77% of
the votes cast at the Meeting. Shareholders at the Meeting also
approved the appointment of the Company's auditors and approved the
Company's amended stock option plan.
With this, the Company welcomes Roger T.
Richer to the Board of Directors of the Company effective
November 30th, 2022. Mr.
Richer has over 30 years of experience in mining law, corporate
finance and international business transactions and practices. He
served as Executive Vice President, General Counsel of B2Gold Corp.
from March 2007 to June 2022 and as its Secretary from December 2006 to June
2022 and remains as an adviser and consultant to B2Gold. Mr.
Richer managed the legal affairs, corporate records and corporate
governance of B2Gold. Mr. Richer has served as a director and/or
officer of several other public companies operating in the resource
sector and has previous experience as an audit committee member. He
has a Bachelor of Arts and a Bachelor of Law degree from the
University of Victoria.
Alicia Krywaniuk has also been
appointed Corporate Secretary of the Company.
The Company also thanks Mr. Mark
Corra for his contributions as he recently stepped down as a
Director and Chair of the Company's Audit Committee.
Amendment to Option Agreement
The Company also announces an amendment to the Company's rolling
stock option plan as amended in accordance with the new TSXV Policy
4.4 Security Based Compensation governing security-based
compensation. The changes to the policy relate to, among other
things, the expansion of the policy to cover a number of types of
security based compensation in addition to stock options.
ABOUT VANADIAN ENERGY CORP.
Vanadian Energy Corporation is an energy minerals focused
company headed by an experienced team, well versed in mineral
exploration and capital markets. The company is focused on the
strategic acquisition, exploration, and development of high quality
energy mineral properties in Canada and around the world. Vanadian Energy
Corporation is building a leading vanadium focused resource
company.
ON BEHALF OF VANADIAN ENERGY CORP.
"Marc Simpson"
Marc
Simpson
President and CEO
CAUTIONARY NOTE 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. The foregoing information may contain
forward-looking information relating to the future performance of
the Company. Forward looking information is subject to a number of
known and unknown risks, uncertainties and other factors that may
cause actual results to differ materially from those anticipated in
our forward looking statements. Such risks and other factors
include, among others, the actual results of exploration
activities, changes in world commodity markets or equity markets,
the risks of the mining industry including, without
limitation, those associated with the environment, delays in
obtaining governmental approvals, permits or financing or in the
completion of development or construction activities, title
disputes, change in government and changes to regulations affecting
the mining industry, and other risks and uncertainties detailed
from time to time in the Company's filings with the Canadian
securities administrators (available at www.SEDAR.com ).
Forward-looking statements are made based on various assumptions
and on management's beliefs, estimates and opinions on the date the
statements are made. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
in the forward-looking information contained herein. The Company
undertakes no obligation to update forward-looking statements if
these assumptions, beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
law.
SOURCE Vanadian Energy Corp.