Rocmec announces results of its annual and special shareholders’ meeting
Brossard (Quebec), December 19th, 2013– Rocmec Mining inc. (the “Corporation” or “Rocmec”) (TSX-V Symbol: RMI), is pleased to announce that during its annual and special shareholders meeting held on December 18th, 2013, shareholders voted massively in favour of the matters presented for approval, including the adoption of a resolution approving the creation of a new control person of the Corporation, being Nippon Dragon.
Mr. André Savard, Rocmec’s president and CEO states: “I am extremely pleased with the high number of shares that were voted. The total represents more than 50% of the outstanding common shares and I would also like to thank each and every one of the many shareholders who attended the meeting.”
The Corporation also announces that the Board of Directors has approved amendments to the Corporation’s fixed number stock option plan (the “Plan”) in order to increase the number of common shares of the Corporation (the “Common Shares”) reserved for issuance under the Plan from 4,200,000 to 10,748,106 and to take into consideration the amendments made to the rules of the TSX Venture Exchange. The number of Common Shares reserved under the amended Plan represents 20% of the total number of Common Shares currently issued and outstanding. Such increase was approved by the shareholders of the Corporation at the Shareholders Annual and Special Meeting held on December 18th, 2013.
The Corporation further announces, that the Board of Directors granted a total of 3,355,000 options to purchase Common Shares to officers, directors and employees. These options have an exercise price of $ 0.12 per Common Share and an exercise period of 5 years.
Rocmec Mining Inc. is active in the exploration and the development of gold resources in Quebec and Peru. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the thermal fragmentation mining method for exploiting narrow-vein ore deposits.
The company’s growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976
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 release.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
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