Gungnir Resources Announces AGM Results

Rhea-AI Summary

Gungnir Resources held its Annual General Meeting (AGM) on December 22, 2021, in Surrey, BC, where shareholders approved all resolutions. Key decisions included setting the number of Directors at four, re-electing existing Directors, and appointing DeVisser Gray, LLP as auditors. The company re-approved a 10% rolling stock option plan and granted 4,000,000 options to Directors. Gungnir Resources focuses on mineral exploration in northern Sweden, with projects that include nickel and gold deposits. For more information, visit gungnirresources.com.

Positive

• Shareholders approved all AGM resolutions, indicating strong support for management.
• Re-appointment of experienced Directors suggests stability in leadership.
• Granting of 4,000,000 incentive stock options aligns management's interests with shareholders.

Negative

• None.

SURREY, BC / ACCESSWIRE / December 22, 2021 / Gungnir Resources Inc. (TSXV:GUG) ("Gungnir" or the "Company") shareholders approved all the resolutions put before them at the Company's Annual General Meeting (the "AGM") held today, December 22, 2021 in Surrey, BC.

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

• Set the number of Directors at four (99.90%);
• Re-elect Jari Paakki, Chris Robbins, Todd Keast, and Garett Macdonald as Directors for the ensuing year (all > 99.51%);
• Appoint DeVisser Gray, LLP as the auditors for the ensuing year and authorize the Directors to fix the auditor's remuneration (99.90%); and
• Re-approve the Company's Stock Option 10% rolling plan (95.48%).

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 Company has also granted, in compliance with the Company's stock option plan, 4,000,000 incentive stock options to purchase common shares of the Company at $0.11 per share for five (5) years to the directors 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/679219/Gungnir-Resources-Announces-AGM-Results

FAQ

What were the key outcomes of Gungnir Resources' AGM on December 22, 2021?

All resolutions were approved, including the number of Directors set at four and the re-election of existing Directors.

Who are the key executives re-appointed at Gungnir Resources during the AGM?

Jari Paakki was re-appointed as CEO, and Chris Robbins as CFO and Corporate Secretary.

What stock option plan was re-approved by Gungnir Resources shareholders?

The shareholders re-approved a 10% rolling stock option plan.

What significant decision was made regarding Gungnir Resources' auditors?

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

How many incentive stock options were granted to Gungnir Resources' Directors?

4,000,000 incentive stock options were granted to the Directors.