|By Marketwired .||
|June 24, 2014 07:00 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/24/14 -- Eagle Hill Exploration Corporation (TSX VENTURE: EAG)(OTCQX: EHECF) ("Eagle Hill" or the "Company") today announced the voting results from its annual general meeting ("AGM") of shareholders held on June 23, 2014. A total of 293,403,090 common shares representing 62.62% of Eagle Hills's issued and outstanding common shares were voted at the AGM.
Board of Directors
Each of the nominees proposed by management was elected as a director of the Company to hold office until the next AGM, or until successors are elected or appointed:
Percentage of Nominee Position Votes for John Proust Chairman and Chief Executive Officer 99.97% Dr. Mike Andrews Director and President 99.94% David Christie Director 99.94% Carl Calandra Director 99.95% Robert Parsons Director 99.98%
Daniel Racine chose not to stand for re-election to allow him to focus on his new position as Senior Vice President Canadian Operations, Mine Planning & Development with Yamana Gold Inc.
Following the AGM, the Board of Directors held a meeting and appointed Paul-Henri Girard to the position of Director. Mr. Girard was most recently Vice-President of Canadian Operations for Agnico Eagle Mines Limited. During his 25 years at Agnico Eagle, Mr. Girard was instrumental in the development of its flagship LaRonde mine and in the advancement of the Goldex and Lapa mines in Quebec. Mr. Girard was an integral part of a successful senior management team that oversaw the growth of Agnico Eagle from 400 employees to over 4,000 employees at the time of his retirement.
In conjunction with his appointment as a Director of Eagle Hill, Mr. Girard has been granted 1.5 million stock options at an exercise price of $0.11 per share. The options expire five years from the date of grant and 25% of the options will vest immediately upon grant, with the remaining options to vest at a rate of 25% every six months for an 18-month period.
Other Business of the Meeting
Shareholders voted in favour of all items of business put forth at the meeting, as outlined below:
Motion Percentage of Votes for To appoint KPMG LLP, Chartered Accountants as Auditors of the Company 99.97% To approve the adoption of new Articles 99.83% To approve the adoption of Advance Notice Provisions 99.95% To replace the existing 10% Rolling Stock Option Plan 98.76% On Behalf of the Board of Directors "John Proust" Chief Executive Officer
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral exploration company focused on the exploration and development of the high-grade Windfall Lake gold deposit, located between Val-d'Or and Chibougamau in Quebec, Canada. The current mineral resource comprises 2,375,000 tonnes at 9.75 g/t gold (744,000 ounces) in the indicated category and 3,084,000 tonnes at 7.37 g/t gold (731,000 ounces) in the inferred category (Technical Report for the Windfall Lake Gold Project, Quebec prepared by SRK Consulting (Canada) Inc., dated March 3, 2014). These grades make Windfall Lake one of the highest grade resource-stage gold projects in the world. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit remains open at depth and along strike, with additional drilling and technical work planned for 2014. More information is available at www.eaglehillexploration.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-looking Statements
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use the words "will" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This document contains forward-looking statements and assumptions pertaining to the granting of regulatory approval; the timing of receipt of regulatory approvals; and the use of proceeds raised from the offering. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors, including global financial market events that cause significant volatility. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in the document are expressly qualified by this cautionary statement. These statements speak only as of the date of this document and the Company does not undertake to update any forward-looking statements that are contained in this document, except in accordance with applicable securities laws.
The technical information in this document has been reviewed by Eagle Hill's Vice President Exploration, Jean-Philippe Desrochers, PhD, PGeo, who has sufficient experience relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined by National Instrument 43-101.
Eagle Hill Contact
Vice President, Communications & Investor Relations
Email: [email protected]
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