VANCOUVER, BRITISH COLUMBIA / January 31, 2017 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to report that shareholders voted in favor of all resolutions brought forth at the Company’s annual general meeting of shareholders (the “Meeting”) held on Friday, January 27, 2017 in Vancouver, British Columbia.
At the Meeting 32.69% of shares on record were voted. Resolutions proposed and approved at the Meeting included:
- The number of Directors was set to five;
- The five members re-elected to the Board of Directors included: Jared Lazerson, Michael Reimann, Andris Kikauka, Lyndon Patrick and H. David Read; and
- Adam Sung Kim Ltd. was re-appointed as auditor of the Company.
The Company further reports it has granted stock options to officers, directors and consultants of the Company to purchase up to an aggregate of 2.835 million shares at an exercise price of $1.00 per share for a period of two years, vesting immediately, and expiring on January 24, 2019. Prior to the issuance of the options, certain directors of the Company exercised 1,025,000 options at an exercise price of $0.10 per share.