Symbol:-TSXV.NAA
Symbol:-OTC- SIOCF
VANCOUVER, Aug. 12, 2013 /CNW/ - SIERRA IRON ORE CORP. (the "Company") is pleased to announce the results of the annual general meeting of
shareholders that was held on August 9, 2013. The meeting was well
attended with over 25% of the outstanding shares voted.
AGM Results:
At the meeting, shareholders unanimously elected as directors Messrs.
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 Ms. Lisa Szutiak was reappointed as Corporate Secretary. The
Company's Audit Committee consists of Messrs. Sookochoff, Ruggiero and
Lee. The Company's 10% 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 (the "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 February 1, 2014, at an exercise price of $0.40. The Warrants would have otherwise
expired on September 1, 2013. Warrants to purchase 123,180 commons
shares will expire on February 1, 2014, at an exercise price of $0.40. These Warrants would have otherwise
expired on September 18, 2013
About Sierra Iron Ore:
Sierra Iron Ore is a growth focused mineral exploration company creating
value through the exploration and development of the El Creston
property located in the Sinaloa State of Mexico. The company has a
continual fieldwork program at the El Creston Property that is
comprised of drilling, mapping, sampling and planning for further
property development. Roads have been built and upgraded and equipment
has been mobilized for further developing the known magnetite zones
identified by recent exploration work.
Sierra Iron Ore also has 100% ownership of the Tom Cat property which is
located 200 kilometres east-northeast of Vancouver within the historic
Aspen Grove copper camp. The company is currently conducting an
exploration program of geological mapping and sampling program as a
prelude to a planned diamond drill program.
On behalf of the Board of Directors of Sierra Iron Ore Corporation
Wally Boguski, President/CEO
Neither 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 press
release, which has been prepared by management.
SOURCE: Sierra Iron Ore Corporation
