Darnley Bay Resources Limited

Darnley Bay Resources Limited

July 02, 2013 15:31 ET

Darnley Bay Announces Voting Results of Annual and Special Meeting

TORONTO, ONTARIO--(Marketwired - July 2, 2013) - Darnley Bay Resources Limited (TSX VENTURE:DBL) ("Darnley Bay") is pleased to announce the voting results for the election of its Board of Directors at its annual and special meeting which was held on June 27, 2013 in Toronto, Ontario.

All of the director nominees set out in the management information circular were re-elected as directors to serve until the next annual general meeting of shareholders or until their successors are elected or appointed. The detailed results of the proxies submitted for the vote on the election of directors are as follows:


Elections of directors Votes for % of Votes Withheld
Patricia Mannard 25,027,135 74.6% 5,518,162
Stephen Reford 25,674,831 76.6% 4,870,466
Kerry Knoll 25,938,297 77.4% 4,607,000
Leon La Prairie 24,816,297 74.0% 5,729,000
Jamie Levy 25,664,831 76.5% 4,880,466
Don Yamkowy 25,890,357 77.2% 4,654,940
Peter Telford 28,967,405 86.4% 1,577,892

Collins Barrow LLP, Chartered Accountants has been appointed as auditor of the Company for the ensuing year.

For details on the matters considered at the meeting, please refer to the Company's management information circular, which can be found under the Company's profile on SEDAR at www.sedar.com.

Darnley Bay also announces that the exercise price of a total of an aggregate of 5,700,000 stock options granted on January 31, 2013, February 13, 2013 and February 28, 2013, have been amended to increase the exercise price to $0.10. The original exercise price of the stock options was $0.05, which was contrary to the policies of the TSX Venture Exchange, necessitating the amendment to the exercise price.

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Darnley Bay expects are forward-looking statements. Although Darnley Bay believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Darnley Bay, investors should review registered filings at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information