Montreal, September 17, 2014 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) announces today that shareholders have approved all resolutions put forth at the Annual Meeting of Shareholders (“Annual Meeting”) held in Montreal, Quebec, on Wednesday, September 17, 2014. Messrs. Patrick Godin, Denis Hamel, Mario Spino, Réjean Talbot, Paul-Henri Couture, Gilles Gingras and Simon Britt were re-elected to serve as directors of the Company (the “Board”).
In addition, the Company announces the re-appointment of PricewaterhouseCoopers, LLP, Chartered Accountants as auditors for the ongoing year, the re-approval of the 10% rolling stock option plan and the approval of the shareholder rights plan of the Company.
Subsequent to the Annual Meeting, the directors renewed Mr. Patrick Godin as Chairman of the Board, Mr. Simon Britt as President and Chief Executive Officer, Mr. Alain Cayer as Vice President of Exploration and Mr. Sébastien Vézina as Corporate Secretary.
Stock Option Grant
Pursuant to the Company’s Stock Option Plan, a total of 710,000 stock options at an exercise price of $0.26 per option have been granted to directors, officers and employees. These options may be exercised for a period of 5 years after the grant date and they vest gradually over a period of 24 months from the day of grant, at a rate of 1/4 per six-month period, in accordance with the terms of the stock option plan of the Company.
About GéoMégA (www.geomega.ca)
GéoMégA is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Québec. GéoMégA is committed to meeting the Canadian mining industry standards and distinguishing itself with innovative engineering, stakeholders’ engagement and dedication to local transformation benefits.
50,431,283 common shares of GéoMégA are currently issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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