|May 28, 2015|
Bard Announces Results of Annual General & Special Meeting
May 28, 2015 - Vancouver, British Columbia, Canada: Bard Ventures Ltd. ("Bard" or the "Company") is pleased to announce that the Company received two-thirds minority shareholder approval of the Arrangement Agreement between the shareholders of Bard and its wholly-owned subsidiary, 1018512 B.C. Ltd. ("1018512"), which was disclosed in the Company's Management Information Circular dated March 10, 2015, provided to shareholders.
The final Supreme Court of B.C. application to approve the Arrangement has been adjourned to June 3, 2015, at 9:45a.m. at 800 Smithe Street, Vancouver, BC. Once the Company receives all regulatory and judicial approvals, the Share Distribution Record Date, Effective Date and Mailing of Certificates for 1018512 Shares will be advised by news release.
At the Meeting, shareholders elected Eugene Beukman, James Miller-Tait, John B. Malysa and Robert Pryde as directors of the Company for the ensuing year. Adam Sung Kim Ltd., Chartered Accountant, was appointed as auditor of the Company for the ensuing year. The directors were authorized to fix the auditor's remuneration. The adoption of the Company's 2015 Stock Option Incentive Plan (the "2015 Plan") was approved by more than one-half of the votes cast by disinterested shareholders represented by proxy. Under the 2015 Plan, the number of common shares reserved for issuance was increased to 3,203,953, representing an increase of 2,430,663 to the reserve. The 2015 Plan is subject to TSX Venture Exchange approval.
Also at the Meeting, the adoption of the 1018512 Stock Option Incentive Plan (the "Plan") was approved by more than one-half of the votes cast by disinterested shareholders represented by proxy. The Plan entitles holders to purchase up to a maximum of 3,203,593 common shares of 1018512.
Immediately after the Meeting, the directors appointed the following officers of the Company: Eugene Beukman as Chief Executive Officer; Florence Luong as Chief Financial Officer; Debra Watkins as Corporate Secretary; and, Richard Kemp as Vice-President of Exploration.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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