GGLovers Resources (GGL-V) share consolidation
Sept 15, '17 - NR
GGL Resources has released the results of voting at its special meeting of shareholders held on Sept. 15, 2017, in Vancouver, B.C.
A total of 7,299,760 shares, or 20.57 per cent of the company's issued and outstanding shares, were voted.
For the special resolution to consolidate the company's share capital on a one-new-share-for-five-old-share basis, 6,988,048 shares, or 95.73 per cent of shares voted were in favour of the resolution.
For the ordinary resolution to create a new control person, 7,015,160 shares, or 96.10 per cent of shares, voted were in favour of the resolution.
Graham Eacott, interim chairman and chief executive officer, commented: "The company is pleased to have received the strong support from its shareholders who voted to approve the share consolidation and approve Strategic Metals Ltd. as the new control person of the company. Strategic will bring in a new management and technical team that will provide stability and financing to ensure that GGL can continue as a going concern and continue its diamond exploration activities in Canada's Northwest Territories."
On be half o f t he Boar d of Directors
“Graham Eacott”
Graham Eacott Interim Chairman and CEO
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