Canuc Resources Corporation press release
Canuc Announces Results of Voting at Annual and Special Meeting of Shareholders
TSXV - TSX Venture Exchange · Silver · Gold · Copper · Cobalt · Nickel · Rare Earth Elements · Natural Gas · Oil · Canada
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Toronto, Ontario--(Newsfile Corp. - August 20, 2015) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to announce that all matters presented for approval at Canuc's annual meeting of shareholders held on August 17, 2015 have been duly authorized and approved as follows:
| | (i) | Election of all management nominees to the board of directors of the Company; | | | (ii) | Appointment of S&W LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration; | | | (iii) | Resolution to reapprove the stock option plan; | | | (iv) | Approval of a share consolidation of all fully paid and issued common shares on a basis of one (1) new common share for ten (10) old common shares or such other consolidation ratio as the board of directors and management of the Company may deem appropriate; and | | | (v) | Approval of the Company’s advance notice by-law. | | | | |
The detailed results for the election of directors of the management proxy votes were as follows:
| Name | Shares Voted For | Shares Withheld | Shares Not Voted | | Hubert Mockler | 29,339,520 | 115,430 | 188,450 | | Christopher J. Berlet | 29,339,940 | 115,010 | 188,450 | | Marc-André Lavoie | 29,340,600 | 114,350 | 188,450 | | Robert Lelovic | 29,339,580 | 115,370 | 188,450 |
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In total, 53 management proxies were received representing 29,643,400 common shares of the Company or 43.04% of outstanding shares as of the record date.
About Canuc Canuc is a junior natural resource company that is active in the oil and gas sector in Texas. Canuc will be expanding its activities in 2015.
For Further Information Hub Mockler, Chairman & CEO 416-867-1300
_Neither the 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 of this release__._
Forward-Looking Statements
_This news release contains forward-looking statements that include risks and uncertainties. __When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. __The forward-looking statements are based on current expectations and apply only as of the date on which they were made. __The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, __the prevailing price of natural gas, __the Canadian-United States exchange rate, __amount of gas produced__that could affect revenues and production costs. __Other factors such as uncertainties regarding government regulations could also affect the results. __Other risks may be set out in __the Company's annual financial statements and MD&A._
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