Forsys Announces Annual and Special Meeting Voting Results
May 23, 2014 (Source: Marketwired) — Forsys Metals Corp. (TSX:FSY)(FRANKFURT:F2T)(NAMIBIAN:FSY) (“Forsys” or the “Company”) is pleased to announce today that in connection with the annual and special meeting of the Company’s shareholders held in Toronto on May 22, 2014 (the ‘Meeting’) and in accordance with section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, the following voting results were obtained.
A total of 32,828,928 common shares representing 29.88% of the Company’s issued and outstanding common shares were voted in connection with the Meeting. Shareholders voted in favour of the election of the director nominees as follows:
Shareholders also voted in favour of all other items of business considered at the Meeting, being:
- the appointment of the auditors; and
- the approval and ratification of amendments to the Company’s By-Law No. 1 to require advance notice to the Company in circumstances where nomination of persons for election to the Board of Directors of the Company are made by the Company’s shareholders.
About Forsys Metals Corp.
Forsys Metals Corp. is an advanced stage explorer with world-class assets under development in Namibia, Africa, a politically stable and mining-friendly jurisdiction. Forsys has the capability to capitalize on attractive mid- and long-term uranium sector dynamics by focusing on enhancing its wholly-owned Norasa Uranium Project. Information regarding current National Instrument 43-101 compliant Resource and Reserves are available on our website.
Shares outstanding: 109.9M
Sedar Profile #00008536
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause Forsys actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in uranium prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full description of these risks can be found in Forsys Annual Information Form, dated March 15, 2013, available on the Company’s profile on the SEDAR website at www.sedar.com. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.