Satori Announces Results of Annual and Special General Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - February 25, 2015) - Satori Resources Inc. (TSXV: BUD) ("Satori Resources" or the "Company") announces the results of its Annual and Special General Meeting of Shareholders (the "Meeting") held February 24, 2015 in Toronto, Ontario. At the Meeting, shareholders approved all resolutions put before them by management including the election of all director nominees, the reappointment of the auditors, the re-approval of the Company's share incentive plan, and the approval of a proposed share consolidation resolution.
Results of Annual and Special General Meeting
Election of the Board of Directors
The shareholders elected to fix the number of directors at six (6). The shareholders elected Ms. Jennifer Boyle, Mr. Walter Henry, Mr. Tom Hussey and Mr. Bruce Reid to serve as directors of the Company until the next annual meeting of the shareholders.
Appointment of Auditors
The shareholders re-appointed MNP, LLP, Chartered Accountants as the Company's auditor and authorized the directors to fix the auditor's remuneration.
Share Incentive Plan
The shareholders re-approved the Company's share incentive plan.
Share Consolidation
The shareholders approved the resolution to consolidate the Company's issued and outstanding common shares on a 10 for 1 basis, or by such lower consolidation ratio as may be determined by the Board of Directors and as may be required to obtain approval from the TSX Venture Exchange. The Board of Directors shall provide updates at the time that it determines, if at all, to implement the Share Consolidation.
About Satori Resources Inc.
Satori Resources is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon Greenstone Belt, Manitoba. The Company is currently considering transactions in respect of the Tartan Lake Gold Mine, in addition to evaluating new project opportunities.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Walter Henry, CFA
President and CEO
Satori Resources Inc.
walter@satoriresources.ca
Cell: 416 414 5825
Neither the 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 release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
