Durango Reports AGM Results
Vancouver, BC / TheNewswire / May 9, 2016 - Durango Resources Inc. (TSX.V-DGO), (the "Company" or "Durango") reports the results of its annual general meeting held on Friday, May 6, 2016 (the "AGM"). Shareholders voted in person and by proxy representing an aggregate of 4,200,583 shares, being 29.59% of the 15,224,056 shares issued and outstanding as at the record date of April 1, 2016.
All four nominees listed in the management proxy circular, Marcy Kiesman, Veronica Liu, Thea Koshman and Twila Jensen, were re-elected as directors of Durango for the ensuing year. Shareholders also approved Durango's 10% rolling incentive stock option plan and the re-appointment of Crowe Mackay LLP, chartered accountants, as auditor for the ensuing year.
Following the Meeting, directors re-elected Marcy Kiesman as the Company's President and CEO and Veronica Liu as the CFO.
The board also granted an aggregate of 750,000 options to directors, officers and consultants of the Company (each, an "Option"). Each Option is exercisable for one common share at an exercise price of $0.15 per share, for a period of three years from the date of grant.
Marcy Kiesman, CEO of Durango, comments, "On behalf of the board of directors, I would like to thank all of our shareholders for their continued support throughout the past year. We look forward to building our business to bring value to all of our shareholders."
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner's Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor. For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
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