(Vancouver, June 28, 2016) – Balmoral Resources Ltd. (TSX:BAR; OTCQX:BALMF) (“Balmoral” or the “Company”) announces the voting results from its 2016 Annual General Meeting of shareholders held in Vancouver, B.C. on Friday, June 24, 2016 (“the Meeting”).
At the Meeting, the Company’s shareholders re-elected the following nominees as directors of the Company, with all receiving a majority of the votes cast. Balmoral’s shareholders also re-appointed the Company’s current auditors, Smythe LLP, Chartered Professional Accountants, as auditors of the Company for the fiscal year ending December 31, 2016 and authorized the directors to fix the auditors remuneration. The shareholders also re-approved the Company’s Stock Option Plan and unallocated options, rights and other entitlements. Results of the vote for the election of directors held at the Meeting are set out below:
| Nominee | Total Votes Cast | Votes For | Votes Withheld |
|---|---|---|---|
| Darin Wagner | 24,807,951 | 24,755,651 (99.79%) | 52,300 (0.21%) |
| Lawrence Talbot | 24,807,951 | 19,229,080 (77.51%) | 5,578,871 (22.49%) |
| Graeme Currie | 24,807,951 | 24,780,751 (99.89%) | 27,200 (0.11%) |
| Daniel MacInnis | 24,807,951 | 22,986,121 (92.66%) | 1,821,830 (7.34%) |
| Bryan Disher | 24,807,951 | 24,753,051 (99.78%) | 54,900 (0.22%) |
A detailed “Report of Voting Results” for the Meeting is available under the Company’s profile on SEDAR and on the Company’s website.
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a well-funded, Canadian-based exploration company focussed on the continued expansion and delineation of the high-grade Martiniere Gold System and the exploration on its wholly owned, 700 square kilometre Detour Trend Project in Quebec, Canada. Employing an award winning exploration team, Balmoral has a philosophy of creating value through the drill bit. By focusing our efforts in proven productive precious/base metal belts in one of the world’s preeminent mining jurisdictions, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold and base metal assets.
On behalf of the board of directors of
BALMORAL RESOURCES LTD.
“Darin Wagner”
President and CEO
For further information contact:
John Foulkes, Vice-President, Corporate Development
Tel: (604) 638-5815 / Toll Free: (877) 838-3664 E-mail: [email protected]
Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company’s mineral properties and the Company’s latest financial statements.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
