Mr. Marc Cernovitch reports
HALO AGM RESULTS
Halo Resources Ltd.'s shareholders, at its annual and special meeting held Aug. 20, 2010, elected Lynda Bloom, Marc Cernovitch, Nick DeMare, Tom Healy, William Lee, Derek Cathcart, Julie Lassonde and Gary Ostry as directors of the company. All items put forth at the meeting were approved by the shareholders, including an ordinary resolution to ratify the company's stock option plan, pursuant to which Halo may grant stock options on up to 10 per cent of the issued and outstanding common shares at the time of the grant, as well as a special resolution approving a share consolidation on the basis of one new common share for 10 old common shares.
At a meeting of directors held subsequent to the meeting, Ms. Bloom was appointed president and chief executive officer, Mr. Cernovitch as chairman, Mr. DeMare as chief financial officer, Mr. healy as senior vice-president and chief operating officer, and Harvey Lim as corporate secretary of the company. The directors also approved, subject to the acceptance of the TSX Venture Exchange, the implementation of the one-new-share-for-10-old consolidation, with no fractional shares to be issued. Any fraction of a share will be rounded down to the nearest whole number. Halo currently has 170,143,464 common shares issued and outstanding. After the consolidation, there will be approximately 17,014,346 common shares issued and outstanding.