January 14, 2019, North Vancouver, BC – Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX:LLO) (“Lion One” or the “Company”) is pleased to announce the results of its AGM held at the Company’s North Vancouver head office on December 18, 2018.
According to the scrutineer’s report, 98 shareholders were present at the Meeting, in person or by proxy, representing 56,660,382 common shares or 55.27% of the 102,522,044 common shares outstanding on the October 29, 2018 record date for the Meeting.
The Company’s shareholders voted unanimously to reappoint the directors of Lion One’s board comprising Walter Berukoff (Chairman and CEO), Stephen Mann (Managing Director), and independent directors Richard Meli, Kevin Puil, and John Robinson. Shareholders also voted unanimously to approve the Company’s stock option plan and the appointment and remuneration of the Company’s auditor Davidson & Company.
The Company also announces that Fiji’s Prime Minister Bainimarama was re-elected for a second consecutive term in Fiji’s general election in November 2018, with his Fiji First Party winning 50.02% of the votes and a narrow majority of 27 seats in the country’s 51 seat parliament. The opposition Social Democratic Liberal Party (SODELPA) placed second in the election with nearly 40 percent of the vote and 21 seats. Prime Minister Bainimarama has recently been recognition internationally for his role as President of COP23, the United Nations Framework Convention on Climate Change (UNFCCC).
About Lion One Metals
Lion One Metals Limited is a Canadian exploration and development company focused on advancing its 100% owned and fully permitted Tuvatu Gold Project towards production. Lion One envisions a low-cost high grade underground gold mining operation with district-scale exploration upside, located near the Nadi International Airport on the island of Viti Levu in the South Pacific island nation of Fiji.
Additional information about Lion One including NI 43-101 technical reports for the Tuvatu Gold Project is available at www.liononemetals.com and at www.sedar.com.
On behalf of the Board of Directors of Lion One Metals Limited
“Walter Berukoff”
Chairman & CEO
Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.
This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.