VANCOUVER, September 28, 2020 - Lucky Minerals Inc. (TSXV:LKY)(OTC:LKMNF)(FRA:LKY) ("Lucky" or the "Company") is pleased to announce the results of its Annual General Meeting ("AGM") that was held on September 15, 2020. The shareholders approved every resolution presented to them as part of the information circular sent to the Company's shareholders and filed on SEDAR on August 24, 2020 (the "Information Circular").
At the Meeting the shareholders:
Received the audited consolidated financial statements of the Company for the fiscal year ended October 31, 2019 (with the comparative statements relating to the previous fiscal period) together with the report of the auditors therein.
Set the number of Directors at six (6) for the ensuing year and approved the appointment of the following persons as Directors to serve until the next annual meeting of the shareholders: Francois Perron, Adrian Rothwell, Robert Rosner, Paul Pint, Blake Hylands, Shaun Dykes.
Approved the appointment of PriceWaterhouseCoopers LLP, Chartered Professional Accountants, as the Company's auditor for the ensuing year and to authorize the Directors to set their remuneration.
Approved the Company's 10% Rolling Stock Option Plan.
Lucky provided notice pursuant to National Instrument 51-102 ("NI 51-102"), Change of Auditor Notice, on September 4, 2020 that Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, resigned as of August 31, 2020 and that PriceWaterhouseCoopers LLP, Chartered Professional Accountants were appointed as the successor auditor as of August 31, 2020.
Appointment of Officers
Subsequent to the AGM the Board of Directors met to appoint the following Officers of the Company:
Adrian Rothwell - Executive Chairman of the Board
Francois Perron - President & Chief Executive Officer
Jeannine Webb - Chief Financial Officer
Steven Cozine - Corporate Secretary
Mr. Rothwell, the former President & CEO was appointed Executive Chairman of the Board and Mr. Perron was appointed the new President & CEO. This change was in order to diversify the executive level skill set and add an additional layer of management expertise. Mr. Perron has been a long time Director of the Company and his knowledge and experience will be of significant benefit in the day to day management of Lucky as it pursues its primary project in Ecuador.
Mr. Rothwell will remain actively involved in day to day matters as Executive Chairman, however, his primary mandate will be to evaluate opportunities that will strengthen and grow the Company to better serve the shareholders and increase value.
About Mr. Perron
Mr. Perron is Chairman of Northern Superior Resources and a Director of Goldstar Minerals Inc. Prior to that he was Vice-President at Renmark Financial Communications until April 2017. He was the President and Chief Executive Officer of QMX Gold Corporation and was previously the President and Chief Executive Officer of Golden Goose Resources. Before joining the resource sector, Mr. Perron was involved in the financial markets as a portfolio manager and managed resource focused portfolios for NBC Alternative Investments and various resource funds for the Caisse de dépôt et placement du Québec from 2001 to 2007. He has a Bachelor of Science, Computer Science from McMaster University (1986) and an MBA from the Hautes Etudes Commerciales which he obtained in 1992.
Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits. Lucky owns a 100% interest in the Fortuna and Emigrant Projects.
The Company's Fortuna Project is a royalty-free 550 km2 (55,000 hectares or 136,000 acres) exploration concession. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador. Lucky has an agreement on Fortuna with First Quantum Minerals Ltd. ("First Quantum") whereby First Quantum is able to earn up to 70% of copper targets.
The Emigrant Creek Project covers a 15 km2 area in an intensely altered and mineralized porphyry copper-gold-molybdenum system in southern Montana.
ON BEHALF OF THE BOARD
Further information on Lucky can be found on the Company's website at www.luckyminerals.com and at www.sedar.com, or by contacting Francois Perron, President and CEO, by email at firstname.lastname@example.org or by telephone at (866) 924 6484.
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 this release.
Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters. This list is not exhaustive of the factors that may affect the Company's forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations also include risks detailed from time to time in the filings made by the Company with securities regulators.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
SOURCE: Lucky Minerals Inc.
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