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Spey Resources Corp. (CSE: SPEY) (OTC Pink: SPEYF) (FSE: 2JS) ("Spey" or the "Company") is pleased to announce that its shareholders approved all resolutions at its Annual General Meeting of Shareholders (the "Meeting") held on June 29, 2021.
During the business proceedings of the Meeting, Spey's shareholders approved the following resolutions:
- Resolution to appoint 4 board members, with between 99.977 per cent and 99.999 per cent of shares represented at the Meeting voting in favour of individual directors.
- Resolution to appoint Manning Elliott LLP, Chartered Professional Accountants, as the Company's auditors, with 99.979 per cent of the shares represented at the Meeting voting in favour of the resolution.
The Company also announces that Abbey Abdiye has been appointed to the position of CFO, Corporate Secretary and Director replacing Kelvin Lee who did not stand for appointment. Mr. Lee is transitioning to pursue other interests. The Company wishes to thank him for his substantial contributions during his term as a director and in the areas of financial management and reporting, audit preparation as well as corporate governance and internal systems implementation.
Mr. Abdiye has extensive experience in the financial sector in both public and private companies. He is a Chartered Professional Accountant (CPA), and CFO of other reporting issuers, where he was responsible for all financial, fiscal management, regulatory compliance matters and reporting aspects of company operations. He also provided strategic guidance and direction in capital structuring and engaged in innovative financing program that leveraged sales and development.
At Spey, Mr. Abdiye will provide leadership and coordination in the administrative, business planning, reporting, and budgeting efforts of the company. He will oversee the company's financial reporting, internal controls, corporate governance management systems, annual audit and regulatory compliance matters. He obtained a Bachelor of Business Administration degree from Simon Fraser University and a Co-op Education certificate.
About Spey Resources Corp.
Spey Resources is a Canadian mineral exploration company which holds two option agreements to acquire 100% interest in the Candela II, Pocitos I and II lithium brine projects located in the Salta Province, Argentina. Spey also holds an option to acquire a 100% undivided interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.
For more information, please contact:
Nader Vatanchi CEO, Director
nader@speyresources.ca
778-881-4631
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release, including without limitation, statements pertaining to the future exercise of the Agreement to acquire an interest in the Property, the Company's exploration programs and the Company's mineral property development plans, are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, without limitation, financing risks, delays in obtaining or inability to obtain required regulatory approvals, legislative, environmental and other judicial, regulatory, political or competitive developments, exploration and operational difficulties, the timing of future business expenditures, the potential of the Company's mineral properties and changes in economic conditions or financial markets. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89174
Figure 1: Cave Hill Project tenements on aeromagnetics with new lithium anomalies and other lithium deposits
Figure 1: ‘The Lithium Gap’ emerging between North America’s planned conversion facilities estimated to have 100,000t LCE per annum capacityandthedownstreamdemandestimatedtototalanestimated850,000tLCEperannum.