Sama Resources Inc.
TSX VENTURE : SME

Sama Resources Inc.

March 27, 2014 12:33 ET

Sama Resources Reports Results of Its Annual and Special Meeting of Shareholders

MONTREAL, QUEBEC--(Marketwired - March 27, 2014) - Sama Resources Inc./Ressources Sama Inc. ("Sama" or the "Company") (TSX VENTURE:SME) today provides the results of the Company's Annual General and Special Meeting ("AGSM") held in Vancouver, British Columbia on March 26, 2014.

A total of 22,629,729 common shares (representing 26.14% of the votes attached to all outstanding shares as at the record date for the meeting) were represented at the AGSM. All of the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Management Proxy Circular (the "Circular") both dated February 19, 2014, were approved by the requisite majority of the votes cast at the AGSM.

Shareholders voted in favour of setting the number of directors at seven (7) and elected all incumbent directors. The details of the voting results for the election are set out below:

Director Votes For % For Votes Withheld % Withheld
Benoit La Salle, FCPA FCA 20,840,260 100 % 0 0 %
Marc-Antoine Audet 20,840,260 100 % 0 0 %
James C. Gervais 19,312,260 92.67 % 1,528,000 7.33 %
Marcel Aubut 20,793,050 99.77 % 47,210 0.23 %
Todd L. Hilditch 20,290,260 97.36 % 550,000 2.64 %
Steven J. Ryan 20,587,260 98.79 % 253,000 1.21 %
Richard Quesnel 20,840,260 100 % 0 0 %

With the exception of Marc-Antoine Audet and Steven J. Ryan, the Company's directors are independent.

Shareholders also approved:

  • The appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and the directors were authorized to fix the remuneration to be paid to the auditors;
  • The Amended and Restated Stock Option Plan with the number of stock options to be granted under the Amended and Restated Stock Option Plan being a rolling 10% of the number of outstanding issued common shares of the Company, from time to time, less the number of outstanding stock options;
  • The change of province of the registered office from the province of British Columbia to the province of Quebec; and
  • The alteration of the capital of the Company as set forth in the Circular.

About Sama

Sama is a Canadian-based mineral exploration and development company with projects in West Africa. For more information about Sama, please visit Sama's website at http://www.samaresources.com.

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.

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