TORONTO, ONTARIO–(Marketwired – May 2, 2016) – Eastmain Resources Inc. (“Eastmain” or the “Company”) (TSX:ER) announced today, in accordance with Toronto Stock Exchange requirements, the results of the voting at its annual and special meeting of shareholders (the “Meeting”), held on April 29, 2016 in Toronto, Ontario, Canada.
At the Meeting, all director nominees listed in the Company’s management information circular dated April 6, 2016 (the “Circular”) were elected as directors of the Company. A total of 69,086,966 common shares were voted at the meeting representing 51.59% of the issued and outstanding shares. Shareholders voted in favour of the election of all director nominees as shown in the table below.
|Director||Percentage of votes in favour|
|Stephen De Jong||93.10%|
In addition, at the Meeting, shareholders also (i) reappointed Stern & Lovrics LLP, Chartered Accountants, as auditors of the Corporation; and (ii) approved the existing stock option plan for the Corporation; with amendments to non-employee director limitations, shareholder approval, tax and expiry date provisions thereof, all as further set forth in the Circular and the press release of the Company dated April 20, 2016 (the “Press Release”). Further details of the matters considered and approved at the Meeting are contained in the Circular and Press Release, each of which is available on SEDAR at www.sedar.com.
About Eastmain Resources Inc. (TSX:ER)
Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay District of Quebec. Eau Claire, the Company’s core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. Eastmain also holds a pipeline of exploration projects in this new Canadian mining district. In October 2015, Eastmain was presented with the “Discovery of the Year 2015” award by the Association de L’Exploration Minière du Québec (“AEMQ”) for its contributions to the development of Quebec’s mining exploration industry.
Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to the potential success of the Company’s future exploration and development strategies. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward – looking statements. The Company assumes no obligation to update such information, except as may be required by law.