GFM Announces AGM Results and Grant of Stock Options

May 16, 2024 | blog

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VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) — GFM Resources Limited (the “Corporation”) (TSX-V: GFM.H) is happy to the outcomes of its annual common assembly of shareholders, celebrated on May 14, 2024 (the “AGM”).

The following administrators have been elected on the AGM: James Robertson, Pedro Rivero González, Esteban Rivero González, and Roberto Rivero Larrea. Davidson & Company LLP, Chartered Professional Accountants, have been ratified as auditors of the Corporation for the following yr. The shareholders of the Corporation additionally ratified the continuation of the rolling incentive inventory choice plan (the “Plan”) pursuant to which a most of 10% of the issued shares will likely be reserved for issuance below the Plan.

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Following the AGM, the board made the next officer appointments: Mr. Pedro Rivero González as Chairman and Chief Executive Officer, Mr. Roberto Rivero Larrea as President, and Mr. Salvador Miranda as Chief Financial Officer and Corporate Secretary. The audit committee of the Corporation will likely be chaired by Mr. James Robertson with the opposite members of the committee being Pedro Rivero González and Esteban Rivero González.

Mr. José Antonio Rivero Larrea, long-time director and chairman of the board of the Corporation, has now stepped down from the board to take a senior advisory function with the Corporation.

The Board additionally granted an mixture of 880,000 inventory choices to its administrators, officers and one advisor. Each choice entitles its holder to buy one frequent share of the Corporation at an train worth of $0.10 per share for a interval of 5 years from the date of grant. All choices will vest as follows: one third six months after the date of grant, one other third one yr after the date of grant, and the ultimate third two years after the date of grant. These choices are granted pursuant to the provisions of the Plan, are topic to regulatory approval.

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About GFM Resources Limited

GFM Resources Limited is an rising mineral exploration firm targeted on the acquisition and growth of high-potential exploration properties in Mexico. Its shares are listed on the NEX Board of the TSX Venture Exchange below the image GFM.H. The Corporation’s majority shareholder, Compañía Minera Autlán, S.A.B. de C.V., is an organization listed on the Mexican Stock trade and energetic in valuable metallic mining, energy era in Mexico in addition to manganese ore and ferroalloy operations. Autlán can also be engaged in electrolytic manganese dioxide manufacturing by its facility in Spain and serving the European alkaline battery trade.

For further data, please contact:

Salvador Miranda, Chief Financial Officer and Corporate Secretary
Phone: (+1) 604 925 2839

Neither TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this press launch.

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