(TheNewswire)
TORONTO, Ontario – TheNewswire- June 03, 2022 – AFR NuVenture Resources Inc.(TSXV:AFR) (“ AFR ” or the “ Company ”) announces that it held its Annualand Special Meeting of shareholders on June 1, 2022, at which allmatters proposed by management were approved, supported by 100% of thevotes of the shareholders who voted at the meeting.
All directors were re-elected to the Board and, at thedirectors’ meeting following the shareholders’ meeting, managementwas re-appointed for the ensuing year. John O’Donnell continues topreside as Chairman, President and Chief Executive Officer, whileErrol Farr remains as Chief Financial Officer and Corporate Secretary.
The Company is also pleased to announce a new corporatepresentation has been filed on SEDAR ( www.sedar.com ) accompanyingthis press release and on the Company’s website (afrnuventure.com).Also filed is the amended stock option plan which was approved by theshareholders. The plan was amended to comply with the new requirementsof the TSX Venture Exchange which were recently published.
The Company has entered into a diamond drill contractwith respect to its proposed program on its project in New Brunswick,Canada (see new corporate presentation) and drilling is expected tocommence around the end of this month or early July. The Company isanalysing the recent geophysical reports received concerning theSilver Bell-St. Lawrence project in Montana (see new corporatepresentation) to determine appropriate drill targets.
On behalf of the Board of Directors,
“John F. O’Donnell”
John F. O’Donnell, Chairman and CEO
For more information on the Company, investors shouldreview the Company's filings on SEDAR at www.sedar.com and our websiteat www.afrnuventure.com .
Douglas Hunter, P.Geo., is theQualified Person responsible for the technical information containedin this press release.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release .
This news release contains"forward-looking information" (within the meaning ofapplicable Canadian securities laws) and "forward-lookingstatements" (within the meaning of the U.S. Private SecuritiesLitigation Reform Act of 1995). Such statements or information areidentified with words such as "anticipate","believe", "expect", "plan","intend", "potential", "estimate","propose", "project", "outlook","foresee" or similar words suggesting future outcomes orstatements regarding an outlook.
Such statements include, amongothers, those concerning, the Company's exploration and reportingplans, including the commencement of its diamond drilling program..Such forward-looking information or statements are based on a numberof risks, uncertainties and assumptions which may cause actual resultsor other expectations to differ materially from those anticipated andwhich may prove to be incorrect. Assumptions have been made regarding,among other things, management's expectations regarding its ability toinitiate and complete future exploration work as expected and acquireand finance other projects. Actual results could differ materially dueto a number of factors, including, without limitation, operationalrisks in the completion of the Company's future exploration work,technical, safety or regulatory issues, social and market conditions related tothe COVID-19 global pandemic; the worldwide economic and social impactof COVID-19; the duration and extent of COVID-19; changes in generaleconomic conditions; the imposition of government restrictions onbusiness related to COVID-19, any positive cases of COVID-19 at aproject site or in the area which may cause a reduction or suspensionin operations and activities which may ultimately affect and delay theexploration timeline, and the new potentially worldwide geopoliticaland economic uncertainties resulting from the current widely followed crisis in Ukraine.
Although the Company believes thatthe expectations reflected in the forward-looking information orstatements are reasonable, prospective investors in the Company'ssecurities should not place undue reliance on forward-lookingstatements because the Company can provide no assurance that suchexpectations will prove to be correct. Forward-looking information andstatements contained in this news release are as of the date of thisnews release and the Company assumes no obligation to update or revisethis forward-looking information and statements except as required bylaw.
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