SOURCE: First Point Minerals Corp.

First Point Minerals Corp.

May 13, 2016 07:30 ET

`First Point Minerals Announces Results of Its Annual General and Special Meeting and the Granting of Stock Options

VANCOUVER, BC--(Marketwired - May 13, 2016) - First Point Minerals Corp. (TSX: FPX)("First Point" or the "Company") is pleased to announce the voting results for directors and the Company's stock option plan at its Annual General and Special Meeting of Shareholders held on May 12, 2016.

Each of the six nominees for director listed in the Company's information circular dated April 12, 2016 was elected. While a total of 36,802,447 shares were voted at the Meeting, that figure includes 8,434,502 shares that were not voted on the resolutions in respect of the election of each individual director, together with 8,000 shares that were WITHHELD from the election of each individual director and 28,359,945 shares that were voted FOR each individual director's election.

The voting results for each individual director, expressed as a percentage of the 28,367,945 votes cast are as follows:

DIRECTOR NUMBER OF SHARES PERCENTAGE OF VOTES CAST
  FOR   WITHHELD   NON VOTE FOR
 
Peter M.D. Bradshaw 28,359,945   8,000   8,434,502   99.97
John B. Gammon 28,359,945   8,000   8,434,502   99.97
James S. Gilbert 28,359,945   8,000   8,434,502   99.97
John A. McDonald 28,359,945   8,000   8,434,502   99.97
William H. Myckatyn 28,359,945   8,000   8,434,502   99.97
Robert A. Watts 28,359,945   8,000   8,434,502   99.97

At the Meeting, the Company's auditor, DeVisser Gray LLP, was appointed as the auditor for the ensuing year at a remuneration to be determined by the Board of Directors and the Company's Stock Option Plan was approved, ratified and confirmed, with 26,592,775 shares voted FOR, 1,775,107 shares voted AGAINST and 8,434,502 shares not voted, being 93.74% of the shares voted FOR the Plan.

The Company also announces that a total of 2,950,000 options have been granted to directors, officers and consultants. The exercise price is $0.10 per share, and the options will expire on May 12, 2021.

About First Point

First Point Minerals Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.firstpointminerals.com or contact Martin Turenne, President and CEO, at (604) 681-8600.

On behalf of First Point Minerals Corp.

"Martin Turenne"

Martin Turenne, President and CEO

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • First Point Minerals Corp.
    Suite 725 -- 1155 West Pender Street 
    Vancouver, BC Canada V6E 2P4 
    Tel: 604/681-8600 
    Fax: 604/681-8799 
    E-mail: firstpoint@firstpointminerals.com