Crystal Lake Mining shareholders elect three directors

Jan 9, 2017

CRYSTAL LAKE ANNOUNCES RESULTS OF AGM

Crystal Lake Mining Corp. has released the results of its annual general and special meeting of shareholders that was held on Dec. 15, 2016.

At the meeting, all resolutions were accepted by company shareholders.

Wally Boguski, Alphonse Ruggiero and Robert Michor were elected as directors. Davidson & Company LLP, chartered accountants, was reappointed as the auditor. The company’s 10-per-cent rolling stock option plan was renewed by shareholders.

Shareholders also approved a special resolution authorizing a change of control to Emerald Lake Development Corp. if the company exercises all or a part of a right of first refusal (ROFR) granted to the company by ELD. The ROFR is for the company to acquire additional properties in and around Emo, Ont., as part of its growing land base in the area. The ROFR is described in the company’s press release of Sept. 30, 2016.

Mr. Boguski will remain chief executive officer and president; Mr. Ruggiero will remain chief financial officer and will assume the office of secretary.

Following the meeting, Mr. Boguski stated, “We are extremely pleased by this endorsement from our shareholders and the flexibility that we now have to expand our relationship with Emerald Lake as we continue to acquire key properties which fit our growing understanding of this highly prospective area of Ontario.”

About the company

Crystal Lake Mining is a mineral exploration company focused on creating value through the exploration and development of its British Columbia and it growing portfolio of Ontario mineral properties.

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