Nippon Dragon announces results of its annual shareholders’ meeting
Brossard (Quebec), January 28th, 2015 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), is pleased to announce that during its annual shareholders meeting held on January 6th, 2015, shareholders voted in favour of all the matters presented for approval, including the re-election of the six Board Members.
Mr. André Savard, Nippon’s president and CEO states: “As a result of this shareholders meeting, Nippon’s Board is composed of a majority of independent Directors. I feel that the guidance provided by the Board will ensure that the interests of our shareholders will be well represented again this year. The management team feels supported in order to achieve the Corporation’s objectives for 2015.”
The Corporation further announces, that on January 27th 2015 the Board of Directors granted a total of 3,275,000 options to purchase Common Shares to officers, directors and employees. These options have an exercise price of $0.10 per Common Share and an exercise period of 5 years.
About Nippon Dragon Resources
Nippon 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 high-grade 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.
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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.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com