TSX.V: FKM OTCQB: FKMCF
FRANKFURT: F7E1
ROUYN-NORANDA, QC, June 28,
2024 /CNW/ - Fokus Mining Corporation ("Fokus"
or the "Company") (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is
pleased to announce the results of its annual meeting of
shareholders held on June 20, 2024,
in Rouyn-Noranda, Québec (the
"Meeting"). At the Meeting, Fokus shareholders re-elected
Jean Rainville, Sylvain Champagne, Gilles Laverdière, Marc-André
Lavoie, Ciro Cucciniello,
Jean-David Moore and Luc Gervais as directors of Fokus. Following the
Meeting, Fokus Board of Directors re-appointed Jean Rainville as President and Chief Executive
Officer and Sylvain Champagne as
Corporate Secretary and Chief Financial Officer of the Company.
At the Meeting, Fokus' shareholders also approved resolutions
(i) appointing Raymond Chabot Grant Thornton LLP, Chartered
Professional Accountants, as the auditor of Fokus, and
(ii) ratifying, approving and confirming Fokus' stock option
plan, which was amended by the Board of Directors of the Company so
as to align with the most recent changes to Policy 4.4 -
Security Based Compensation of TSX Venture Exchange, which
are primarily of an administrative nature, the whole as more fully
described in the Company's management information circular dated
May 20, 2024 prepared in connection with the Meeting.
Fokus also announces that its Board of Directors has granted
stock options in respect of 300,000 common shares to Fokus' one
Director. The options were granted pursuant to Fokus stock option
plan. The exercise price of the options is $0.05, which is higher of the closing price of
Fokus common shares on the TSX Venture Exchange on June 27, 2024. The options vest immediately and
will expire in five years.
About Fokus
Fokus Mining Corporation is a mineral resource company actively
acquiring and exploring precious metal deposits located in the
province of Québec, Canada. In
implementing this major undertaking within the Canadian mining
industry, we are determined to unlock the secret of the
Galloway gold project.
The Galloway project covers an
area of 2865.54 hectares and is located just north of the
Cadillac-Larder Lake deformation
which extends laterally for more than 100 km. Numerous gold
deposits are related to that structure and its subsidiaries. The
current work focuses on a small western portion of the mineral
claims where several mineral occurrences have been identified. For
more information, visit our website: fokusmining.com.
Neither the 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 the release.
Related Links
http://fokusmining.com/
SOURCE Fokus Mining Corporation