Opawica Explorations Inc. Expands on Earlier News Release
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2017) - Opawica Explorations Inc. (TSXV: OPW) (the "Company") announces that at the request of the TSX Venture Exchange, the Company expands on its news release of October 23, 2017.
In this regard, the Company advises that, due to Mr. David Taylor having lost the confidence of the board of directors of the Company, a board meeting was called for Friday, October 20, 2017 to consider termination of the agreement pursuant to which Mr. Taylor served as a director and as President and Chief Executive Officer of the Company. Prior to the meeting, Mr. Taylor tendered his resignation as a director and officer of the Company. This resignation was subsequently withdrawn by Mr. Taylor on October 23, 2017 alleging unsatisfied conditions, including failure to sign a mutual release.
Notwithstanding Mr. Taylor's resignation, the directors' meeting called for Friday, October 20, 2017 proceeded, at which time the agreement pursuant to which Mr. Taylor served as President and Chief Executive Officer of the Company was terminated effective forthwith and Mr. Paul Antoniazzi, a director of the Company, was appointed Chairman, President and Chief Executive Officer. Therefore Mr. Taylor no longer has the authority to represent the Company in any manner.
As a result, the officers of the Company currently are Mr. Paul Antoniazzi, Chairman, President and Chief Executive Officer and Ms. Sandra Wong, Corporate Secretary, Chief Financial Officer and Controller and the board of directors consists of Paul Antoniazzi, Fred Kiernicki, Edmond Hatoum, Mark Lofthouse, Philippe Havard, Ing. Jr., Yvan Bussières, P. Eng. and David Taylor. The Company has convened an annual general meeting for November 23, 2017, at which meeting Management proposes to put forward a slate of directors consisting of the directors set out above with the exception of Mr. Taylor.
For more information, please visit the Company's website at www.opawica.com.
FOR FURTHER INFORMATION CONTACT:
Paul Antoniazzi
Chairman, President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
