GFK Resources Inc.
TSX VENTURE : GFK

June 17, 2015 08:00 ET

GFK Resources Annouces Results of Annual and Special Meeting of Shareholders and Provides Corporate Update

MONTREAL, QUEBEC--(Marketwired - June 17, 2015) - GFK Resources Inc. (TSX VENTURE:GFK) (the "Company") announces that at the annual and special meeting of shareholders held on June 10, 2015, the Company's shareholders approved the following:

  1. Re-appointment of Michael Kinley, Patrick Fernet, Marco Gagnon, Anthony Croll and Antoine Fournier as directors of the Company;
  2. Election of Alain Beland as a director of the Company;
  3. Re-appointment of Davidson & Company LLP, chartered accountants, as auditors for the ensuing fiscal year;
  4. The Company's 10% rolling stock option plan;

The full text of the matters considered are set out in the Company's information circular prepared for the annual and special meeting of shareholders, as filed under the Company's profile on SEDAR at www.sedar.com.

Immediately following the annual and special meeting of shareholders, the directors appointed the following officers:

Anthony Croll as Chairman of the Board
Alain Beland as CEO
Michael Kinley as President, CFO and Secretary

The Company also wishes to announce the granting of 300,000 stock options to an officer. Each option entitles its holder to purchase one share of the Company for $0.20 for a period of 5 years expiring June 10, 2020. The options are granted in accordance with the policies of the TSX Venture Exchange and the terms and conditions of the Company's Stock Option Plan.

The 2015 exploration program on the Casa-Cameron project commenced during the last quarter. A 28 kilometer line of ground Induced Polarization (IP) survey and 20 kilometer line of magnetic survey on selected targets on Casagosic and Vezza North has now been completed. The initial results of the Casagosic and Vezza North surveys are pending. Additional 26 kilometer line of ground IP survey has been planned on Bell-Vezza (11 km) and Sinclair-Bruneau (15km) properties. New surveys should be completed by the end of June. All the results should be released together later this summer.

About GFK

GFK Resources Inc. is a mining exploration company focused on discovering high quality gold deposits close to existing mines in the Abitibi Greenstone Belt located in north-west Quebec and north-east Ontario - one of the most prolific gold deposits areas in the world. GFK holds assets in Val-d'Or and is now optioning / buying from Adventure Gold Inc. new quality assets along the Casa-Berardi-Cameron Gold Break - a proven environment with strong potential for new gold discoveries and where exploration costs are low. Flagship Casa-Cameron properties are adjacent to: Hecla Mining Company - Casa Berardi Gold Mine, Metanor Resources Inc.- Bachelor Gold Mine, Maudore Minerals Ltd.- Vezza, Discovery and Flordin Gold deposits.

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

Contact Information

  • Alain Beland
    CEO
    514-845-1101