Pierre Colas, Jeffrey Hussey, André Le Bel Amy Satov, Mathieu Savard and Robert Wares were re-elected to the board of directors.
The shareholders also approved (i) the re-appointed Raymond Chabot Grant Thornton LLP as auditors for the ensuing financial year, and (ii) an amendment of the Corporation’s articles to include provisions to the effect that the board of directors may, at its discretion, appoint one or more directors, who shall hold office for a term expiring no later than the close of the annual meeting of shareholders following their appointment, provided that the total number of directors so appointed may not exceed one third of the number of directors elected at the annual meeting of shareholders preceding their appointment (the “Articles Amendment”). Articles of amendment were filed to effect the Articles Amendment following the AGM.
Amendment to Stock Option Plan
On May 8, 2024, the board of directors adopted a resolution approving an amendment to the Corporation’s stock option plan in order to increase the maximum number of common shares that may be issued pursuant to the exercise of options granted thereunder from 13,000,000 to 19,400,000, which represents less that 10% of the number of common shares currently issued and outstanding (the “Stock Option Plan Amendment”).
The Articles Amendment and Stock Option Plan Amendment remain subject to the final approval of the TSX Venture Exchange.
About Brunswick Exploration
Brunswick Exploration is a Montreal-based mineral exploration company focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.
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