Latin Metals Reports AGM Results
Latin Metals announced the results of its annual general meeting held on July 10, 2024. All motions were approved by shareholders representing 59.73% of the outstanding shares. Key decisions include the appointment of Felicia de la Paz as an independent director and Chair of the Audit Committee, replacing Ryan King who did not stand for re-election.
The company also granted 950,000 stock options to directors, officers, and consultants, priced at $0.10 per share, valid for 36 months. Latin Metals continues its Prospect Generator model, aiming to acquire and develop exploration properties in South America with minimal costs and shareholder dilution.
- All motions were approved unanimously at the AGM.
- Appointment of experienced financial professional Felicia de la Paz as an independent director and Chair of the Audit Committee.
- Granting of 950,000 stock options to incentivize directors, officers, and consultants.
- Latin Metals operates a cost-effective Prospect Generator model.
- Retirement of Ryan King from the Board after 5 years.
- The stock options granted represent 8.5% of issued and outstanding stock, potentially leading to shareholder dilution.
Appoints New Independent Director and Grants Incentive Stock Options
VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) reports the results of its annual general meeting (the “Meeting”) of shareholders held on July 10, 2024, in Vancouver, British Columbia. All the motions presented to the shareholders were approved.
Votes representing 48,668,109 shares were cast, representing
| Motion | Votes for the Motion | Percentage of Votes in Favour |
| Number of Directors | 48,668,109 | |
| David Cass | 48,667,422 | |
| Keith Henderson | 48,667,422 | |
| Robert Kopple | 48,667,422 | |
| Appointment of Auditor | 48,668,109 | |
| Ratification and Approval of Stock Option Plan | 48,661,684 |
Appointment of Felicia de la Paz as an Independent Director
The Company welcomes Ms. Felicia de la Paz (CPA, CA) to its Board of Directors (the “Board”) as an independent director and Chair of the Audit Committee.
Ms. de la Paz is a Chartered Professional Accountant with 15 years of experience in accounting and financial reporting in the natural resources sector. She currently serves as Chief Financial Officer of FPX Nickel Corp. (TSXV: FPX). Previously, Ms. de la Paz spent six years with Equinox Gold Corp., where she was responsible for corporate accounting, financial reporting, systems development and managing the integration of several acquisitions across multiple jurisdictions for operating and large-scale development projects. Following her time at Equinox Gold, Ms. de la Paz served as VP Finance for Vida Carbon, a start-up carbon royalty and streaming company.
Ms. de la Paz holds a Bachelor of Commerce from the University of British Columbia and previously articled with KPMG LLP in Vancouver, British Columbia.
Retirement of Director from the Board
Mr. Ryan King, an independent director, did not stand for re-election to the Board, effective July 10, 2024. The Board would like to thank Ryan for his significant contribution to the Board over the last 5 years and wish him every success with his other ventures.
Incentive Stock Options
The Company announces that it has granted 950,000common share stock options (each, an "Option") to certain directors, officers, and consultants of the Company. The Options entitle the holder to purchase shares at a price of
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. For more information, please get in touch with Latin Metals Investor Relations at 604-638-3456 or via email at info@latin-metals.com.
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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+.
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.
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