Latin Metals Announces Results of Annual General Meeting

Rhea-AI Summary

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) held its Annual General Meeting on July 7, 2021, with 30,928,120 shares represented, accounting for 64.43% of outstanding shares. All proposed resolutions, including the election of five directors and the re-appointment of Smythe LLP as auditors, were approved by 100% of votes cast. A 10% rolling stock option plan was also sanctioned. Following the meeting, Keith Henderson was appointed as President & CEO, and Dani Palahanova was named CFO. Additionally, Latin Metals has contracted Lycan Capital Corp. for a new investor outreach program at a cost of $30,000 for one year.

Positive

• 100% approval for all proposed resolutions at the Annual General Meeting.
• Successful election of five directors, ensuring board stability.
• Re-appointment of established auditors, Smythe LLP, enhancing financial oversight.
• Implementation of a 10% rolling stock option plan to incentivize performance.
• Engagement with Lycan Capital Corp. for investor relations to broaden outreach.
• Strong voting participation, indicating shareholder confidence.

Negative

• None.

VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) announces the results of voting from its Annual General Meeting of shareholders (the “Meeting”) held on July 7, 2021. A total of 30,928,120 of the Company's issued and outstanding common shares ("Common Shares") were present or represented by proxy at the Meeting, representing 64.43% of the outstanding Common Shares.

All resolutions set out in the Company’s notice of meeting and information circular were passed by shareholders. Each of the five nominees - Davis Cass, Hendrik van Alphen, Keith Henderson, Robert Kopple and Ryan King proposed as Directors and listed in the Company’s Management Information Circular were elected as Directors by a 100% of the votes cast at the Meeting.

The shareholders re-appointed Smythe LLP, Chartered Professional Accountants as auditors of the Company for the ensuing year and approved the Company’s 10% rolling stock option plan. The stock option plan is subject to annual TSX Venture Exchange acceptance.

Subsequent to the annual general meeting, the board of directors appointed the following officers: Keith Henderson as President & Chief Executive Officer, and Dani Palahanova as Chief Financial Officer and Corporate Secretary.

Investor Relations and Marketing Contracts

Latin Metals has engaged Lycan Capital Corp. (the “Consultant”), to lead a new investor communications and outreach program. The Company has agreed to pay the Consultant $30,000 for an initial term of one year. The agreement terminates in March 2022 unless extended by the Company. To the Company’s knowledge, the Constant does not have any direct interest in the Company or its securities.

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.  

On Behalf of the Board of Directors of

LATIN METALS INC.

“Keith Henderson”

President & CEO

For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

For further information, please contact:

Keith Henderson

Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2

Phone: 604-638-3456
E-mail: info@latin-metals.com

Neither 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 news release.

FAQ

What were the results of Latin Metals' Annual General Meeting on July 7, 2021?

At the Annual General Meeting, all proposed resolutions were passed, including the election of directors and re-appointment of auditors.

How many shares were represented at the Latin Metals Annual General Meeting?

30,928,120 shares were present or represented, which is 64.43% of the outstanding shares.

Who were appointed as directors during the Latin Metals Annual General Meeting?

Davis Cass, Hendrik van Alphen, Keith Henderson, Robert Kopple, and Ryan King were elected as directors.

What is the purpose of the 10% rolling stock option plan approved by Latin Metals?

The plan aims to incentivize performance and align the interests of management with shareholders.

What is the role of Lycan Capital Corp. for Latin Metals?

Lycan Capital Corp. was engaged to lead a new investor communications and outreach program for Latin Metals.