Gungnir Resources Announces AGM Results

Rhea-AI Summary

Gungnir Resources Inc. held its Annual General Meeting (AGM) on November 10, 2022, in Surrey, BC, where shareholders approved all resolutions presented. Key outcomes include a decision to maintain a Board of four Directors and the re-election of Jari Paakki, Chris Robbins, Todd Keast, and Garett Macdonald. Additionally, DeVisser Gray, LLP was appointed as auditors, and a 10% rolling stock option plan was approved. Mr. Paakki and Mr. Robbins were reappointed as CEO and CFO, respectively. Gungnir continues to explore its mineral projects in northern Sweden, focusing on nickel, copper, and gold.

Positive

• Shareholders approved all resolutions at the AGM with overwhelming support, indicating strong confidence in management.
• The Company maintains a solid Board structure with re-elections of experienced Directors.
• The appointment of auditors for the upcoming year received nearly unanimous approval.
• Approval of the 10% rolling stock option plan can incentivize management and employees, potentially driving company performance.

Negative

• None.

SURREY, BC / ACCESSWIRE / November 11, 2022 / Gungnir Resources Inc. (GUG:TSX-V, ASWRF:OTCPK) ("Gungnir" or the "Company") shareholders approved all the resolutions put before them at the Company's Annual General Meeting (the "AGM") held November 10, 2022, in Surrey, BC.

At the AGM, shareholders voted in favour of resolutions to:

• Set the number of Directors at four (99.98%);
• Re-elect Jari Paakki, Chris Robbins, Todd Keast, and Garett Macdonald as Directors for the ensuing year (all > 99.58%);
• Appoint DeVisser Gray, LLP as the auditors for the ensuing year and authorize the Directors to fix the auditor's remuneration (99.98%); and
• Approve the Company's Stock Option 10% rolling plan (96.91%).

Following the AGM, the Board of Directors re-appointed Mr. Jari Paakki as CEO and Mr. Chris Robbins as CFO and Corporate Secretary of the Company. The Board of Directors would like to thank the shareholders for their ongoing support.

About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG:TSX-V, ASWRF:OTCPK) with gold and base metal projects in northern Sweden. Gungnir's assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets, all of which are open for expansion and further discovery. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.

On behalf of the Board,
Jari Paakki, CEO and Director

For further information contact:
Head Office/Investor Relations
Phone: +1-604-683-0484

Jari Paakki, CEO
Email: jpaakki@eastlink.ca

Chris Robbins, CFO
Email: robbinshcr@shaw.ca

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.

Forward-Looking Information: Certain statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied by the forward-looking statements. Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. For example, there is no certainty, that any economically viable mineral deposit will be located on the properties, that the Company will receive or be able to raise sufficient capital to complete all of its exploration programs or that the transaction will complete as anticipated. Accordingly, undue reliance should not be placed on forward-looking statements or information. Gungnir does not expect to update forward-looking statements or information continually as conditions change, except as may be required by securities law.

SOURCE: Gungnir Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/725344/Gungnir-Resources-Announces-AGM-Results

FAQ

What were the results of Gungnir Resources' AGM on November 10, 2022?

At the AGM, shareholders approved all presented resolutions, including the number of Directors, re-elections, auditor appointments, and a rolling stock option plan.

Who were re-elected as Directors during Gungnir Resources' AGM?

Jari Paakki, Chris Robbins, Todd Keast, and Garett Macdonald were re-elected as Directors.

What stock symbol is associated with Gungnir Resources?

The stock symbol for Gungnir Resources is ASWRF.

What is the purpose of the 10% rolling stock option plan approved at the AGM?

The 10% rolling stock option plan is intended to incentivize management and employees, aligning their interests with shareholder value.

Which firm was appointed as auditors for Gungnir Resources after the AGM?

DeVisser Gray, LLP was appointed as the auditors for the ensuing year.