Stillwater Critical Minerals Corp. press release
Sierra Iron Ore Corporation - Results of Annual General Meeting and Warrant Extension
TSXV - TSX Venture Exchange · Nickel · Copper · Cobalt · Platinum · Palladium · Rhodium · Gold · Chromium · Ruthenium · Iridium · Osmium · Canada
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Symbol:-TSXV.NAA Symbol:-OTC- SIOCF
VANCOUVER, Aug. 12, 2013/CNW/ - _SIERRA IRON ORE CORP. (the "Company")_is pleased to announce the results of the annual general meeting of shareholders that was held on August 9, 2013. The meeting was well attended with over 25% of the outstanding shares voted.
AGM Results:
At the meeting, shareholders unanimously elected as directors Messrs. Wally Boguski, Laurence Sookochoff, Paul Leeand Alphonse Ruggiero. Mr. Boguskiwas reappointed by the board as Chief Executive Officer and President, Mr. Ruggierowas reappointed as the Chief Financial Officer and Ms. Lisa Szutiakwas reappointed as Corporate Secretary. The Company's Audit Committee consists of Messrs. Sookochoff, Ruggiero and Lee. The Company's 10% rolling stock option plan was also approved by shareholders.
WARRANT EXTENSION:
_The Company _announces that it has applied to the TSX Venture Exchange, to extend the terms of warrants (the "Warrants") issued pursuant to a two tranche unit private placement which closed in June 2011and September 2011, respectively. Warrants to purchase 1,769,291 common shares will be amended to expire on February 1, 2014,at an exercise price of $0.40. The Warrants would have otherwise expired on September 1, 2013. Warrants to purchase 123,180 commons shares will expire on February 1, 2014, at an exercise price of $0.40. These Warrants would have otherwise expired on September 18, 2013
About Sierra IronOre:
Sierra IronOre is a growth focused mineral exploration company creating value through the exploration and development of the El Creston property located in the Sinaloa State of Mexico. The company has a continual fieldwork program at the El Creston Property that is comprised of drilling, mapping, sampling and planning for further property development. Roads have been built and upgraded and equipment has been mobilized for further developing the known magnetite zones identified by recent exploration work.
Sierra IronOre also has 100% ownership of the Tom Cat property which is located 200 kilometres east-northeast of Vancouverwithin the historic Aspen Grove copper camp. The company is currently conducting an exploration program of geological mapping and sampling program as a prelude to a planned diamond drill program.
On behalf of the Board of Directors of Sierra IronOre Corporation
Wally Boguski, President/CEO
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 press release, which has been prepared by management.
SOURCE: Sierra Iron Ore Corporation
Please contact Wally Boguski at 604-581-0004
Copyright CNW Group 2013