Squire Mining Announces Voting Results From Annual General and Special Meeting of Shareholders

VANCOUVER, British Columbia, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (the "Company") is pleased to announce the results of the Company's annual general and special meeting of shareholders (the "Meeting") held on December 9, 2019.

A total of 82,380,792 common shares (“Common Shares”) representing approximately 63.65% of the Company's issued and outstanding Common Shares were present in person or represented by proxy at the Meeting.

Number of Directors and Election of Directors

At the Meeting, shareholders set the number of directors of the Company at five (5) and each of Angela Holowaychuk, Stefan Matthews, Marco Strub, Michael Cella and Michael W. Darcy were elected as directors of the Company for a term expiring at the conclusion of the next annual meeting of shareholders of the Company, or until their successors are elected or appointed.

Appointment of Auditor

Shareholders were not asked to pass a resolution with respect to the appointment of the auditor of the Company, as the Company continues to seek a successor auditor. A successor auditor, as and when identified by the board of directors of the Company, will, pursuant to section 204(4) of the Business Corporations Act (British Columbia), be appointed by the board to fill the vacancy of the office of the auditor of the Company and will hold office from the date of appointment of such auditor until the following annual meeting of shareholders of the Company, at a remuneration to be fixed by the board.

Stock Option Plan

The Company’s existing ‘rolling’ stock option plan was approved by an ordinary, which resolution passed by a total 80,969,475 Common Shares voted in favour of such resolution, representing approximately 99.953% of the votes cast on such resolution.

Creation of Non-Voting Participating Shares

The amendment of the articles of the Company to create a new class of shares to be classified as ‘non-voting participating shares’ in an unlimited number, with the rights, privileges, restrictions and conditions, as disclosed in the Company’s management information circular dated November 8, 2019 (the “Circular”) sent to shareholders in connection with the Meeting, was approved by an ordinary resolution, which resolution passed by a total 80,977,775 Common Shares voted in favour of such resolution, representing approximately 99.963% of the votes cast on such resolution.