Medallion Resources Announces Results From 2013 Annual and Special Meeting of Shareholders
September 30 2013 - 9:00AM
OTC Markets
Medallion Resources Announces Results From 2013 Annual and Special
Meeting of Shareholders
Medallion Resources Announces Results From 2013 Annual and Special
Meeting of Shareholders
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 30, 2013) -
Medallion Resources Ltd. (TSX
VENTURE:MDL)(OTCQX:MLLOF)("Medallion" or the "Company") is pleased
to advise on the results of the voting on the matters submitted to
the annual and special meeting (the "Meeting") of the shareholders
(the "Shareholders") of the Company held on September 25,
2013.
Shareholders voted in favour of all items of business at the
Meeting, including: (i) the reappointment of Lancaster and David,
Chartered Accountants as auditors of the Company; (ii) the election
of each director nominee, being William Bird, Donald Lay, David
Haber, Rod McKeen and Andrew Morden; (iii) the annual ratification
and approval of the Company's existing 10% "rolling" stock option
plan as mandated by the policies of the TSX Venture Exchange; and
(iv) the approval of an advance notice policy (the "Policy"), for
the purpose of providing Shareholders, directors and management of
Medallion with a clear framework for nominating directors.
The Policy is meant to: (a) facilitate an orderly and efficient
annual general or, where the need arises, special meeting process;
(b) ensure all Shareholders receive adequate notice of the director
nominations and sufficient information with respect to all director
nominees; and (c) allow Shareholders to register an informed vote
having been afforded reasonable time for appropriate deliberation.
The board of directors of the Company has determined that the
Policy to be effective and in full force and effect as of September
25, 2013. The full text of the Policy is available via SEDAR under
Medallion's issuer profile at www.sedar.com or upon request by
contacting the Corporate Secretary at 604-681-9558.
About Medallion Resources Ltd.
Medallion is rethinking rare earths. Led by Dr Bill Bird and
supported by an experienced technical team, the Company focuses on
low-cost, near-term, rare-earth production opportunities using the
rare-earth mineral monazite, which is available as a by-product
from existing mining and mineral-sands sources principally in the
Indian Ocean basin. Medallion, partnered with Takamul Investment
Company, is currently evaluating a proposal to import monazite
feedstock and produce rare-earth products at a proposed processing
facility in the industrial city of Duqm, Oman. Rare earths are used
in critical components for virtually all computing and mobile
electronic products, as well as wind turbines, electric and hybrid
vehicles, and strategic defense systems. Medallion is committed to
following best practices and accepted international standards in
all aspects of mining, mineral processing and the safe management
of waste materials. More about Medallion (TSX-V: MDL; OTCQX: MLLOF;
Frankfurt: MRD) can be found at medallionresources.com.
Medallion management has prepared this news release and
takes full responsibility for content. 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. Some of the
statements contained in this release are forward-looking
statements, such as estimates and statements that describe
Medallion's future exploration, production and financing plans,
objectives or goals, including words to the effect that Medallion
or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties.
Actual results in each case could differ materially from those
currently anticipated in these statements. Such risks include
expectations that may be raised by discussing potential business,
acquisitions or development plans. Also, in order to proceed with
Medallion's plans, additional funding will be necessary and,
depending on market conditions, this funding may not be forthcoming
on a schedule or on terms that facilitate Medallion's
plans.
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