Kirrin Resources Inc.

Kirrin Resources Inc.

May 04, 2011 08:00 ET

Kirrin Provides Update From AGM: REE and Uranium Programs Underway; Management to Focus on Acquisitions and Corporate Development

CALGARY, ALBERTA--(Marketwire - May 4, 2011) - Kirrin Resources Inc. (TSX VENTURE:KYM) today reported the results of its Annual General and Special Meeting of shareholders held on May 2, 2011. During the report to shareholders following the meeting, Kirrin President and CEO, Derek J. Moran said: "Kirrin's management intends to pursue opportunities for corporate development in 2011. There are juniors out there that should consider consolidating; private companies in our sector that want to go public; and majors with orphan assets. We want to hear from those companies." Mr. Moran added that the 2011 exploration program on Kirrin's portfolio of REE and uranium properties is underway and that news on the individual properties will be released shortly.

Annual General and Special Meeting

The business at Kirrin's Annual General and Special Meeting of shareholders comprised the usual business of consideration of the 2010 audited financial statements, election of directors; appointment of KPMG LLP as auditors and ratification of Kirrin's stock option plan. Shareholders representing 6,981,324 shares, 15.09% of the outstanding shares, attended in person or by proxy. No votes were cast against the resolutions excepting 0.06% of the votes cast in respect of the ratification of the stock option plan.

Additional information relating to Kirrin is available on Kirrin's web site at and on SEDAR at

Kirrin explores for rare earth elements and uranium. In addition to its exploration activities, Kirrin seeks to enhance its capitalization and the quality of its portfolio through options and corporate development activity. Its strategy is well defined: enhancing shareholder value by combining technical expertise, corporate development skills and professional management. Kirrin's shares trade on the TSX Venture Exchange under the symbol KYM.

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Contact Information

  • Kirrin Resources Inc.
    Derek J. Moran
    27 82 440 3426

    CHF Investor Relations
    Robin Cook
    Account Manager
    (416) 868-1079