Nuinsco Resources Limited
TSX : NWI

Nuinsco Resources Limited

June 18, 2014 17:28 ET

Nuinsco Announces Results of Annual and Special Meeting

TORONTO, ONTARIO--(Marketwired - June 18, 2014) - Nuinsco Resources Limited ("Nuinsco" or the "Company") (TSX:NWI) (www.nuinsco.ca) today announced the results of its annual and special meeting of shareholders ("AGM") held on June 17, 2014.

All of the nominee directors listed in Nuinsco's management information circular dated May 12, 2014 (the "Circular") were elected as directors. The results of the shares voted in respect of the election of each director were as follows:

Name of Nominee Votes For Votes Withheld
Paul Jones 49,845,219 97.52% 1,265,559 2.48%
James Franklin 50,268,397 98.35% 842,381 1.65%
René Galipeau 49,279,357 96.42% 1,831,421 3.58%
Ed Guimaraes 50,161,523 98.14% 949,255 1.86%
Marvin Singer 50,193,495 98.21% 917,283 1.79%
Robert Wardell 50,231,910 98.28% 878,868 1.72%

At the AGM, shareholders also voted in favour of:

  • re-appointing BDO Canada LLP, Chartered Accountants, Licensed Public Accountants, as the auditor of the Corporation and authorizing the directors to fix the auditor's remuneration;
  • Approving all unallocated options, rights and other entitlements under the Company's stock option plan; and,
  • Approving all unallocated rights and other entitlements under the Corporation's share incentive plan.

An archived recording of the AGM proceedings can be accessed on the Company's website at www.nuinsco.ca, or at http://www.gowebcasting.com/5605

About Nuinsco Resources Limited

Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada and internationally. In addition to its property holdings in Ontario, Saskatchewan and Turkey, Nuinsco owns common shares in Victory Nickel Inc. (TSX:NI), and a 50% interest in CBay Minerals Inc. (50% Nuinsco, 50% Ocean Partners Investments Limited), a private company that is a dominant player in Quebec's Chibougamau mining camp with assets including a permitted mill and tailings facility, eight past-producing copper/gold mines, three potential near-term copper producers and a 96,000 acre land position. Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements." All statements, other than statements of historic fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world copper and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and approvals, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nuinsco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nuinsco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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