Hinterland Metals Inc.
TSX VENTURE : HMI

Hinterland Metals Inc.

May 16, 2016 13:01 ET

Hinterland 2016 AGM Results and Extension of Warrants

VAL D'OR, QUEBEC--(Marketwired - May 16, 2016) - Hinterland Metals Inc. (TSX VENTURE:HMI) (the "Corporation" or "Hinterland") announces that at the Annual and Special Meeting held on May 11, 2016 in Montreal, Quebec, the Shareholders of the Corporation:

  • Elected Mark Fekete, Greg Fekete, John Langton and Zak Dingsdale to the Board of Directors until the next annual meeting;
  • Appointed Raymond Chabot Grant Thornton LLP to be Auditors for the financial year ending December 31, 2016, and authorized the Board of Directors to fix the remuneration of the Auditors;
  • Approved the "rolling" Stock Option Plan more fully described in the Information Circular dated as of March 30, 2016 (available for viewing on SEDAR); and
  • Approved the consolidation of the Corporation's share capital on the basis of up to five (5) existing common shares for one (1) new common share.

After serving on the Board of Directors since 2007, Vaughn MacLellan chose not to run for re-election. Hinterland would like to thank Mr. MacLellan for his many contributions to the Corporation over the years.

Subsequent to the Annual and Special Meeting, the Board of Directors reappointed the following people as Officers of the Corporation until the next general meeting:

  • Mark Fekete, President and Chief Executive Officer;
  • Ingrid Martin, Chief Financial Officer; and
  • Greg Fekete, Corporate Secretary.

Hinterland also wishes to announce that, subject to final approval of the TSX Venture Exchange, the 900,000 warrants due to expire on May 27, 2016 and the 590,000 warrants due to expire June 13, 2016 have been extended for two years such that the new expiry dates are May 27, 2018 and June 13, 2018, respectively.

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. This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

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