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MONTREAL - SRQ Resources Inc. (TSX-V: SRQ), a junior mining exploration company with a market capitalization of $4.54 million, announced the election of its board of directors and the ratification of stock options at its annual general meeting (AGM) held today. According to InvestingPro data, the company’s stock has seen significant volatility, dropping 13% in the past week while gaining nearly 59% over the last six months. The mining exploration company reported that 18.25% of its outstanding common shares were represented at the AGM, either in person or by proxy.
All six director nominees, as listed in the Management Proxy Circular dated May 2, 2025, were elected for the upcoming year. Marc-Antoine Audet, the company’s president and CEO, received unanimous support with 100% of the votes. The other directors, Matthieu Bos, Stephanie Gourde, Ugo Landry-Tolszczuk, Jean-Christophe Parisien-La Salle, and Michel Rioux, were elected with more than 98% approval each.
In addition to the election of directors, the appointment of Pricewaterhouse Coopers LLP as the company’s external auditors was approved with 100% of the votes. The auditors have been authorized to fix their remuneration for the coming year.
The AGM also saw the ratification of 1,430,000 stock options granted on January 24, 2025, to officers, directors, employees, and consultants. Of these, 1,200,000 options were granted to insiders under the company’s Omnibus Plan. This resolution passed with 98.28% approval.
SRQ Resources, which focuses on mineral exploration, did not discuss specific financial performance or future business strategies in the press release. The company’s forward-looking statements included in the release were qualified with the usual cautionary language, highlighting that actual results could differ materially from those projected. For deeper insights into SRQ’s financial health and access to additional 6 exclusive ProTips, visit InvestingPro.
This news event is based on a press release statement from SRQ Resources Inc. and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
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