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Fieldex announces results of its annual and special meeting of shareholders(Canada Newswire Via Acquire Media NewsEdge) ROUYN-NORANDA, QC, July 4, 2014 /CNW Telbec/ - Fieldex Exploration Inc. (TSXV: FLX) is pleased to announce the results of its annual and special meeting of shareholders held on June 27, 2014 in Rouyn-Noranda, Québec. At the meeting, shareholders elected Martin Dallaire, Sylvain Champagne, Donald Lacasse and Jean-Pierre Landry as members of the Board of Directors of Fieldex and re-appointed Dallaire & Lapointe Inc., Chartered Professional Accountants, as the auditors of Fieldex. At the meeting, shareholders also approved a resolution ratifying and confirming Fieldex's stock option plan, as required under the policies of the TSX Venture Exchange, and a special resolution authorizing, if deemed advisable by the Board of Directors no later than June 27, 2015, an amendment to the Articles of Fieldex so as to consolidate the common shares of Fieldex on the basis of one share for a maximum of ten common shares then issued and outstanding. Also, shareholders approved a resolution approving, ratifying and confirming By-Law No. 2014-1 of Fieldex, replacing and repealing all of the previous by-laws of Fieldex. Following the shareholders' meeting, the Board of Directors appointed Martin Dallaire as Chairman of the Board of Directors, President and Chief Executive Officer of Fieldex and Sylvain Champagne as Secretary and Chief Financial Officer of Fieldex. Fieldex's Board of Directors has also granted stock options in respect of an aggregate of 1,150,000 common shares to Fieldex's four directors. The options were granted pursuant to Fieldex's amended stock option plan. The exercise price of the options is $0.05, which is greater than the closing price of Fieldex's common shares on the TSX Venture Exchange on Wednesday, July 2, 2014. The options expire in ten years. The option granted to the Fieldex's directors vested immediately. About Fieldex: Fieldex is a mineral resource company actively exploring for base and strategic group metal deposits located throughout Canada. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release. SOURCE FIELDEX EXPLORATION INC. |