Sierra Iron holders elect directors at AGM

Aug 12, 2013

SIERRA IRON ORE CORPORATION – RESULTS OF ANNUAL GENERAL MEETING AND WARRANT EXTENSION

Sierra Iron Ore Corp. has released the results of the annual general meeting of shareholders that was held on Aug. 9, 2013. The meeting was well attended with over 25 per cent of the outstanding shares voted.

AGM results

At the meeting, shareholders unanimously elected as directors Wally Boguski, Laurence Sookochoff, Paul Lee and Alphonse Ruggiero. Mr. Boguski was reappointed by the board as chief executive officer and president, Mr. Ruggiero was reappointed as the chief financial officer, and Lisa Szutiak was reappointed as corporate secretary. The company’s audit committee consists of Mr. Sookochoff, Mr. Ruggiero and Mr. Lee. The company’s 10-per-cent rolling stock option plan was also approved by shareholders.

Warrant extension

The company announces that it has applied to the TSX Venture Exchange, to extend the terms of warrants issued pursuant to a two-tranche unit private placement which closed in June, 2011, and September, 2011, respectively. Warrants to purchase 1,769,291 common shares will be amended to expire on Feb. 1, 2014, at an exercise price of 40 cents. The warrants would have otherwise expired on Sept. 1, 2013. Warrants to purchase 123,180 commons shares will expire on Feb. 1, 2014, at an exercise price of 40 cents. These warrants would have otherwise expired on Sept. 18, 2013

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