Canadian North Resources Inc. Announces Results of Annual General Meeting
19 Junho 2024 - 9:00AM
Canadian North Resources Inc. (“CNRI” or “the
Company,” TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased
to announce the voting results for the election of its Board of
Directors at its Annual and Special Meeting of Shareholders held on
June 18, 2024, in Mississauga, Ontario. A total of 75,369,669
common shares were voted at the Meeting, representing 65.81% of the
common shares outstanding (114,527,617).
Shareholders approved the re-election of all
Directors as listed in the Management Information Circular dated
May 28, 2024, and the reappointment of MNP LLP, Chartered
Professional Accountants, as auditors of the Company at a
remuneration to be fixed by the directors. In addition, the
resolution to ratify and approve the Company’s Stock Option Plan
was passed.
Refer to the Table below for the detailed
results of the votes.
1. |
Election of Directors |
|
|
Name of Nominee |
% For |
% Withheld |
Lee Q. Shim |
100% |
0.00% |
Kaihui Yang |
100% |
0.00% |
Aier Wang |
100% |
0.00% |
Richard Brown |
94.03% |
5.97% |
Michael Weeks |
94.03% |
5.97% |
|
|
|
|
2. |
Appointment of Auditors |
|
|
|
MNP LLP, Chartered Professional Accountants |
100% |
0.00% |
|
|
|
|
3. |
Resolution – Stock Option Plan |
|
|
|
|
100% |
0.00% |
Dr. Kaihui Yang, President and Chief Executive
Officer, said, "We are pleased with the results from our Annual
Meeting this year, including the participation of more than 65% of
voting shares. The CNRI team would like to thank shareholders for
their continued support."
About Canadian North Resources
Inc.:Canadian North Resources Inc. is an exploration and
development company focusing on the critical metals for the
clean-energy, electric vehicles, battery and high-tech industries.
The company is advancing its 100% owned Ferguson Lake nickel,
copper, cobalt, palladium, and platinum project in the Kivalliq
Region of Nunavut, Canada.
The Ferguson Lake mining property contains a
substantial National Instrument 43-101 compliant Mineral Resource
Estimate announced on March 19 2024, which include
Indicated Mineral Resources of 66.1 million tonnes (Mt)
containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb
nickel at 0.47%, 79.3Mlb cobalt at 0.05%, 2.34 million ounces (Moz)
palladium at 1.10gpt and 0.419Moz platinum at 0.19gpt; and Inferred
Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%,
333Mlb nickel at 0.58%, 39.6Mlb cobalt at 0.07%, 1.192Moz palladium
at 1.43gpt and 0.205Moz platinum at 0.25gpt. In particular, 80% of
the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65%
Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt, which
provides a solid Mineral Resource base for the initial development
of a potential large mine. The Mineral Resource model indicates
significant potential for resource expansion along strike and at
depth over the 15 km long mineralized belt and a number of
undefined mineralization zones and prospective areas. (Refer to
“Independent Technical Report on the Mineral Resource Estimate for
the Ferguson Lake Project, Nunavut, Canada (“the Technical
Report”)”, prepared by SRK Consulting and Ronacher McKenzie
Geoscience Inc., effective March 19, 2024, filed by the Company to
the System for Electronic Document Analysis and Retrieval
(“SEDAR+”) through the Internet at
https://www.sedarplus.ca/landingpage/ on May 3, 2024. The Technical
Report has also been posted on the Company’s website at
www.cnresources.com.)
Further information of the Company can be found
at www.cnresources.com. Also, for further information contact:
Dr. Kaihui Yang, President and CEO 905-696-8288
(Canada) 1-888-688-8809 (Toll-Free)
https://CNResources.com Email:
info@cnresources.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements Certain statements contained in this news release,
including statements which may contain words such as “expects”,
“anticipates”, “intends”, “plans”, “believes”, “estimates”, or
similar expressions, and statements related to matters which are
not historical facts, are forward-looking information within the
meaning of applicable securities laws. Such forward-looking
statements, which reflect management’s expectations regarding the
Company’s future growth, results of operations, performance,
business prospects and opportunities, are based on certain factors
and assumptions and involve known and unknown risks and
uncertainties which may cause the actual results, performance, or
achievements to be materially different from future results,
performance, or achievements expressed or implied by such
forward-looking statements.
These factors should be considered carefully,
and readers should not place undue reliance on the Company’s
forward-looking statements. The Company believes that the
expectations reflected in the forward-looking statements contained
in this news release and the documents incorporated by reference
herein are reasonable, but no assurance can be given that these
expectations will prove to be correct. In addition, although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. The Company undertakes no
obligation to release publicly any future revisions to
forward-looking statements to reflect events or circumstances after
the date of this news or to reflect the occurrence of unanticipated
events, except as expressly required by law, anticipated events,
except as expressly required by law.
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