Yale Resources holders OK share rollback, name change 2013-05-15 12:30 ET - News Release
Mr. Ian Foreman reports
YALE REPORTS ON AGM
All resolutions were passed at Yale Resources Ltd.'s annual general meeting held on May 14, 2013. The board of directors and management would like to thank all shareholders for their continued support and confidence.
The resolution for the proposed consolidation of the shares in Yale and a subsequent name change to Alta Vista Ventures Ltd. were passed with over 11.5 million shares voting in favour. The timing of the consolidation will be determined by the exchange and is anticipated to occur within the next several weeks.
"The board of directors is confident that this is a necessary step in the evolution of the company as Alta Vista will have only 8.1 million shares outstanding prefinancing. Combine that with the successful business model that has supported the company for the past three years, and we feel that the company will be on solid footing moving forward," stated Ian Foreman, PGeo, president of Yale.
The board of directors and officers for the coming year will consist of:
- Ian Foreman, PGeo, president, director and audit committee member;
- Lindsay Bottomer, PGeo, director;
- David Hall, director and audit committee chair;
- Edmundo Uribe, director and audit committee member;
- Ezra Jimenez, LLM, MBA, vice-president, operations, and chief financial officer.
We seek Safe Harbor.