Vancouver B.C. - July 20, 2018: Evrim Resources Corp. (TSX.V: EVM) (“Evrim” or the “Company”) is pleased to announce the results of its Annual and Special General Meeting of Shareholders (the “Meeting”) held on July 16, 2018 in Vancouver, British Columbia. All resolutions voted on at the meeting were approved with greater than 99% support.
At the Meeting the shareholders adopted and approved a shareholder rights plan (the “Rights Plan”). Following the approval of the Rights Plan the Company entered into a shareholder rights plan agreement with Computershare Investor Services Inc. effective July 16, 2018. The Rights Plan has been accepted by the TSX Venture Exchange. The objectives of the Rights Plan are to ensure, to the extent possible, that all shareholders are treated fairly and equally in the event of an unsolicited take-over bid or other attempted acquisition of control of the Company and that the Board of directors (“Board”) of Evrim is provided with adequate time to consider and evaluate any take-over bid or other acquisition in order to, if appropriate, identify, develop and negotiate possible value-enhancing alternatives. The Rights Plan was not adopted in response to any specific proposal to acquire control of the Company, nor is the Board aware of any pending or threatened take-over bid for the Company. The Rights Plan is similar in structure to shareholders rights plans adopted by, and approved by the shareholders of, many Canadian public companies. The full text of the Rights Plan is available on the Company’s profile on SEDAR at www.sedar.com.
In addition, shareholders approved the following items at the Meeting:
- Fixed the number of directors at four (4) and elected J. Patrick (Paddy) Nicol, David A. Caulfield, Paul van Eeden and John Thompson as directors of the Company for the ensuing year;
- the re-appointment of Smythe LLP, Chartered Professional Accountants as auditors;
- the Company’s Stock Option Plan; and
- approved certain amendments to the Company’s Articles to accommodate the Rights Plan.
All of these items are detailed in the Management Information Circular dated June 8, 2018.
About Evrim Resources
Evrim Resources is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable value generation model. The Company is well financed, has a diverse range of quality projects and a database in Mexico and portions of southwestern United States. The existing projects, and generation of quality exploration targets and ideas, are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim’s business plan also includes royalty creation utilizing the Company’s exploration expertise and existing projects.
On Behalf of the Board
EVRIM RESOURCES CORP.
President & CEO
To find out more about Evrim Resources Corp., please contact Paddy Nicol, President, Charles Funk, VP New Opportunities and Exploration at 604-248-8648, or Donna Yoshimatsu at 416-722-2456, or visit our website at www.evrimresources.com.
Forward Looking Information
This news release includes certain statements that may be deemed “forward looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the “Company”) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.