|By Marketwired .||
|December 30, 2013 04:00 PM EST||
BURLINGTON, ONTARIO -- (Marketwired) -- 12/30/13 -- Silver Shield Resources (TSX VENTURE: SSR) ("Silver Shield" or the "Corporation") announced today that at its Annual General Meeting of Shareholders ("AGM") held on December 27, 2013, all resolutions proposed to shareholders and listed in the Corporation's circular were duly passed. The voting results were as follows:
The election of John Grounds as a Director: For - 15,791,348 / Withhold - 19,000 The election of Raymond Lashbrook as a Director: For - 15,791,348 / Withhold - 19,000 The election of Frank Kordy as a Director: For - 15,791,348 / Withhold - 19,000 The appointment of Rose Pope and Company LLP as the For - 15,810,348 / auditors of the Corporation: Withhold - 0 (i)The approval of name change & rollback in the For - 15,810,348 / Capital of the Corporation up to 10:1: Withhold - 4,018,400 The approval to issue 7,393,595 shares at $0.05 per For - 15,770,348 / share, to eliminate Three Hundred and Seventy Withhold - 40,000 Thousand Dollars ("$370,000.00") CDN debt: The approval of the proposed debt or equity raise of For - 15,770,348 / up to Three Million Five Hundred Thousand Dollars Withhold - 40,000 ("$3,500,000.00") CDN: Business Review: For - 15,810,348 / Withhold - 0
The Corporation would also like to announce that effective immediately, the primary phone number of the Corporation has been changed to (416) 883-9112 and that the primary e-mail address has been changed to [email protected].
Furthermore, the Board of Directors of the Corporation announced today it has appointed Mr. Frank Kordy as Interim Chief Operating Officer and VP of Corporate Development and that Mr. Tim Towers has resigned as both President and CEO. The current members of board want to thank Mr. Towers for his years of service and wish him well in his future endeavours.
(i)Denotes one proxy totaling 3,644,000 shares with the instruction to vote only on resolution #5.
About Silver Shield Resources
Silver Shield Resources is determined to become a world class silver producing company. The Corporation continues to source both debt and equity financing to move the Corporations quality projects to first stage production. For more information please visit the corporate website at www.silvershieldresources.net.
Forward-Looking Statements - Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.