Val-d'Or, Québec--(Newsfile Corp. - September 8, 2020) - Cleghorn Minerals Ltd. (TSXV: CZZ) ("Cleghorn" or the "Company") announces the results of its annual general meeting of shareholders held by telephone conference on September 4, 2020.
At the meeting, shareholders elected four directors, being Joseph Groia, Glenn J. Mullan, Karen Rees and Christian Wirth. Shareholders also appointed Raymond Chabot Grant Thornton LLP as the Company's auditor.
The Company welcomes Karen Rees and Christian Wirth as new additions to the Board and is appreciative of the experience, diversity and skills that they will add to the Board. The Company also thanks Andrew Pepper who did not stand for re-election for his hard work, dedication and efforts to the business and affairs of the Company over the past many years and wishes him all the very best in his future endeavours.
Following the shareholder meeting, the Board reconstituted its Audit Committee, its Compensation and Corporate Governance Committee and its Health & Safety/Sustainability Committee and also reappointed officers for the ensuing year as follows:
| President, Chief Executive Officer & Secretary: |
Glenn J. Mullan |
| Chief Financial Officer: |
Isabelle Gauthier |
| Vice-President, Exploration: |
Michael Rosatelli |
The Company's Board has granted incentive stock options to its directors and officers entitling the purchase of an aggregate 1,420,861 common shares at a per share price of $0.10 for a period of five years.
About Cleghorn Minerals Ltd.
Cleghorn is a junior mineral exploration company with a 100% interest in the Meech Lake - Matachewan Prospect, a property located in northeastern Ontario, subject to an aggregate 3.5% NSR.
For additional information, please contact:
Glenn J. Mullan, President, Chief Executive Officer, Secretary and Director
Telephone: (819) 824-2808 - Head Office
(514) 835-8384 - Cell
Forward Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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