Jayden Resources Inc. Announces Results of AGSM
28.06.2014 | Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Jun 27, 2014) - Jayden Resources Inc. (TSX:JDN) ("Jayden" or the "Company") is pleased to announce the voting results for the election of its Board of Directors at its annual general and special meeting ("AGSM") held on June 27, 2014.Directors and Officers
A total of 46,545,619 shares were represented at the meeting, being 83.15% of the Company's issued and outstanding shares. Shareholders voted in favor of all matters brought before the meeting and detailed results of the ballot vote for the election of five directors are set out below:
| Director | Votes For | % For | Votes Withheld | % Withheld | ||||
| Letty Wan | 46,543,386 | 100% | 1,961 | 0% | ||||
| Lawrence Dick | 46,543,658 | 100% | 1,961 | 0% | ||||
| Ringo Hui | 46,543,658 | 100% | 1,961 | 0% | ||||
| Andrew Cheng | 46,542,656 | 99.99% | 2,963 | 0.01% | ||||
| William Ng | 46,542,656 | 99.99% | 2,963 | 0.01% |
Subsequent to the meeting, the directors appointed Letty Wan as President and Chief Executive Officer and Herrick Lau as the Chief Financial Officer of the Company. Ms. Wan will take over the position of President as David Eaton did not stand for re-election as a director of the Company at this years' AGSM. Mr. Eaton will remain with the Company as a corporate adviser.
Share Issuance
Other results of the AGSM included disinterested shareholders approving the issuance of 2,513,964 shares to Gather Success Holdings Limited ("Gather Success"), a company controlled by Jayden's President and CEO, Letty Wan. The shares were issued pursuant to the Company's Rights Offering which closed On December 6, 2013. Gather Success agreed to purchase from the Company at the Subscription Price any shares (the "Standby Shares") that were not otherwise subscribed for under the Rights Offering. Gather Success purchased a total of 4,687,364 shares for $468,736. In consideration for Gather Success agreeing to subscribe for the Standby Shares, Gather Success was to be issued an additional 2,513,964 shares, which is equal to 10% of the number of rights offered pursuant to the Rights Offering upon approval by disinterested shareholders at the AGSM. 12,047,364 shares of the Company held by Ms. Wan at the Record Date for the AGSM were excluded from voting on this resolution.
Stock Option Plan
99.98% of the 46,545,619 shares voted at the meeting approved the renewal the Company's existing 2011 Stock Option Plan as is with no changes. The 10% rolling share option plan was first introduced at the Company's 2011 AGSM, and as per regulatory requirements is to be approved every 3 years by a majority vote of the shareholders. For more information on the Company's 2011 Stock Option Plan please refer to the Company's Information Circular for the AGSM which can be found under the Company's profile at www.sedar.com.
About Jayden Resources
Jayden Resources is a Canadian exploration company which holds a majority in the Silver Coin gold project located in the Golden Triangle of Northwest British Columbia near Stewart, B.C. The Golden Triangle includes previous producers including the historic Silbak-Premier Mine, Barrick Gold's famed Eskay Creek Mine.
On Behalf of the Board:
Letty Wan
President and Chief Executive Office
The Toronto Stock Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.
Contact
Jayden Resources Inc.
604-688-9588
info@jaydenresources.com
www.jaydenresources.com
