SOURCE: LeadFX

LeadFX

May 04, 2016 17:05 ET

LeadFX Announces Details of Annual and Special Meeting of Shareholders and New Chairman

TORONTO, ON--(Marketwired - May 04, 2016) - LeadFX Inc. (the "Company" or "LeadFX") (TSX: LFX) is pleased to announce its slate of nominees to the board of directors (the "Board") for election at the June 9, 2016 annual and special meeting of shareholders (the "Meeting"). The slate is comprised of six current directors.

Messrs. J. Trevor Eyton, Wayne Richardson, David Ming Qi, Peter Robson, David Warner and Robert Metcalfe are standing for re-election at the Meeting. The Honourable J. Trevor Eyton will be stepping down as the Chairman of the Board on or after the Meeting, with Mr. Metcalfe, a member of the Board since 2014, having been appointed by the Board to take his place.

Wayne Richardson, President and CEO of LeadFX, commented: "On behalf of the Company and the Board, I would like to pay special tribute to the Honourable J. Trevor Eyton for his dedication as Chairman over the past 16 years and the significant contribution that he has made. During his tenure as Chairman, LeadFX successfully completed a key acquisition which transitioned the Company to move from a single asset to a portfolio of development projects focused on the lead-silver space. We are pleased that he will remain on the Board and continue to contribute towards the growth and success of LeadFX. I would also like to thank Robert Metcalfe for his dedication to LeadFX as a Director over the past few years and welcome him as the new Chairman of the Board. Robert has a wealth of both industry and market experience and will continue to drive the business forward as Chairman."

LeadFX's Annual and Special Meeting of Shareholders

The Meeting is scheduled for 10:00 a.m. (Eastern Time) on Thursday, June 9, 2016 at:

Offices of Stikeman Elliott LLP
Suite 5300, Commerce Court West
199 Bay Street, Toronto, Ontario M5L 1B9

At the Meeting, shareholders of LeadFX will also be asked to vote on resolutions (i) re-appointing the auditors; (ii) approving all unallocated options under the Company's employee stock option plan; and (iii) approving the entering into of an amendment and restatement of the credit agreement between Enirgi Group Corporation and the Company to, among other things, extend the forbearance period and maturity date for repayment of the outstanding principal and unpaid accrued interest of the loan to June 30, 2017.

Management will host a webcast at its Meeting commencing at 10:00 a.m. (Eastern Time) which will include a management presentation. The Meeting will be webcast live on the LeadFX website at www.leadfxinc.com. Webcast dial-in details will be made available on the LeadFX website prior to the Meeting. A webcast replay will remain available after the meeting on the homepage of the LeadFX website at www.leadfxinc.com for approximately 90 days.

The Company has elected to use the notice-and-access ("Notice-and-Access") system adopted by the Canadian Securities Administrators in accordance with National Instrument 54-101. In accordance with the Notice-and-Access system, a notice and form of proxy (or voting instruction form, as applicable) (the "Notice Package") will be mailed to registered shareholders and non-registered shareholders of the Company on or before May 10, 2016. The notice provides instructions regarding the website availability of the Notice of Meeting and the management information circular (collectively, the "Meeting Materials"). Shareholders also have the ability to immediately access the Meeting Materials on SEDAR, www.sedar.com, and under the "Investor Centre" section on the LeadFX website, www.leadfxinc.com. Instructions on how to request a paper copy of the Meeting Materials can be found in the Notice Package. The use of Notice-and-access significantly reduces the Company's printing and mailing costs and is also more environmentally friendly as it reduces paper use.

About LeadFX

LeadFX is a Canadian-based mining company focused on the development of lead-silver projects located in stable jurisdictions. Our current portfolio includes a restart-ready lead operation in Western Australia and a development project in Utah, USA. The Company is developing opportunities at its new properties in North America to underpin future cash flow and growth. LeadFX trades under the symbol "LFX" on the Toronto Stock Exchange.

Additional information on LeadFX is available on at SEDAR at www.sedar.com and the Company's website at www.leadfxinc.com.

Contact Information

  • For further information please contact:
    Lead
    FX Inc.
    Jessica Helm
    VP, Corporate Communications
    (416) 867 9298
    Email: info@leadfxinc.com