STSBF - South Star Mining Announces Results of Annual General Meeting
(TheNewswire)
October 26, 2020 - TheNewswire - Vancouver, B.C. - South Star Mining Corp.("South Star" or the "Company") (TSXV:STS) (OTC:STSBF) is pleased to announce that at its annual generalmeeting held on October 16, 2020 by teleconference all resolutions putto the shareholders were passed.
A total of 10,852,267 common shares of the 42,905,430common shares outstanding at the record date were voted at theMeeting, representing 25.29% of the issued and outstanding commonshares of the Company at the record date.
At the meeting, shareholders approved setting thenumber of directors at six and re-electing all of management'sdirector nominees, as listed in the management proxy circular datedSeptember 8, 2020, to the Board of Directors to serve until the nextannual general meeting or until their successors are elected orappointed.
---------------------------------------------------- |Nominee |For |Withheld/Abstain| |--------------------------------------------------| |DavidMcMillan |10,802,266|50,001 | |--------------------------------------------------| |EricAllison |10,802,255|50,012 | |--------------------------------------------------| |RichardPearce |10,786,756|65,511 | |--------------------------------------------------| |Felipe HolzhackerAlves|10,802,266|50,001 | |--------------------------------------------------| |Daniel Wilton |10,802,267|50,000 | |--------------------------------------------------| |MarcLeduc |10,802,255|50,012 | ----------------------------------------------------
At the meeting, shareholders also approved there-appointment of Manning Elliott LLP as the Company's auditor, andratified and approved the Company's 10% rolling stock optionplan.
ABOUT SOUTH STAR MINING CORP.
South Star Mining Corp. (TSX.V: STS) is focused on theselective acquisition and development of near-term mine productionprojects in Brazil to maximize shareholder value. STS has anexperienced executive team with a strong history of discovering,developing, building and operating profitable mines in Brazil.
The Santa Cruz Graphite Project is located in SouthernBahia, the third largest graphite producing region in the world withover 70 years of continuous mining. The Project has at-surfacemineralization in friable materials, and successful large-scale pilotplant testing (>30t) has been completed. The results of thetesting show approximately 65% of Cg concentrate is +80 mesh with goodrecoveries and 95-99% Cg. With excellentinfrastructure and logistics, South Star is planning the commissioningof the 5,000 tonne per year pilot plant for the end of 2021.
To learn more, please visit the Company website at http://www.southstarmining.ca .
On behalf of the Board,
Mr. Richard Pearce
Chief Executive Officer
For additional information, pleasecontact:
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x231
Email: cathy@chfir.com
Mr. Dave McMillan
Chairman
Email: davemc@telus.net
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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