iMetal Resources shareholders approve matters at AGM

Jul 28, 2017

2017-07-28 14:57 ET – News Release

Mr. Brian Fagan reports

IMETAL RESOURCES INC. – BOARD OF DIRECTORS, OFFICERS, AND MANAGEMENT RESTRUCTURED BY SHAREHOLDERS AT JULY 27, 2017, ANNUAL GENERAL MEETING

iMetal Resources Inc. has provided an update on the actions taken by its shareholders at the company’s July 27, 2017, annual general meeting and its board of directors meeting held immediately after the annual general meeting.

Annual General Meeting Results:

A) – At the IMR Annual General meeting, shareholders approved the Appointment of De Visser Gray LLP, Charted Professional Accountants as Auditors of the Company for the ensuing year and authorizing the Directors to fix their remuneration.

B) – Set the number of Directors at four.

C) – Ratified and approved the Company’s Stock Option Plan.

D) – Restructured the constituents of the Company’s Board of Directors. In this regard, Michael Danielsson and Johan Juntorp, residents of Sweden, were not re-elected to the Board. iMetal, thanks these gentlemen for their past contributions to the Company and express its good wishes for their future activities. Johan Grandin and Mark Fedikow were re-elected to the Board. Brian Fagan and Michael Blanchard, previously on iMetal’s Advisory Committee, were elected to the Company’s Board of Directors. BIOs for Brian and Michael are contained in IMR’s previously issued News Release dated April 17, 2017. iMetal is extremely excited to welcome Brian and Michael to its Board of Directors and look forward with great expectations to their commitment and contributions.

Board of Directors Meeting Results:

A meeting of the newly elected Directors was convened immediately after the AGM.

Brian Fagan, previously an Advisor to the Company was appointed President and CEO of the Company. Mr. Fagan has over thirty-five years of hands-on experience as a mineral exploration company senior officer and management director. iMetal will have a completely new direction for active exploration and development implemented under his direction.

Johan Grandin, previously the President and CEO of the company was appointed Chairman.

Mr. Grandin is a well-seasoned mineral exploration company executive. Johan will be working full time, hand-in-hand on a daily basis, with the President and CEO of the Company. iMetal feels this experienced and dedicated duo with the assistance of Mark Fedikow, Ph.D. Geo and Michael Blanchard, social media expert, will be a huge factor in increasing value for the Company’s Shareholders.

Scott Davis was appointed Chief Financial Officer of the Company.

Francis Murphy was appointed Corporate Secretary of the Company.

An Audit Committee was appointed, consisting of Brian Fagan, Mark Fedikow, and Michael Blanchard. In other matters, the Board terminated an existing Consultant Agreement.

Also, the Board awarded a 100,000 incentive stock option with an exercise price of $0.05 to Mr. David Hiltz, of Shinning Tree, Ontario, a consultant to the Company.

http://www.imetalresources.ca/