(TheNewswire)
TheNewswire - November10, 2020 - JIULIAN RESOURCES INC. (TSXV:JLR) (OTC: JLRRF ) (" Jiulian " or the" Company ") is pleased towelcome Mr. Bruce Higson-Smith and Mr. Antenor Silva to the Board ofDirectors of the Company. Mr. Higson-Smith will serve as Chairman ofthe Board.
The Company is also announcing the results of itsannual general meeting of shareholders held November 10, 2020.
Board of Directors
Bruce Higson-Smith, with nearly 40 years' experience,is a mining engineer who holds a B.Sc. (Min.Eng.) Honours,ARSM, from the Royal School of Mines, Imperial College London in 1982and an M.B.A. from Baruch College, City University of New York in1992. Mr. Higson-Smith has extensive experience in the capitalmarkets, having served in senior management positions for 9 years inDenver CO, having worked with Castle Group, Emerging Markets Gold Fundand Resource Capital Funds. Before retiring, Mr. Higson-Smith wasChief Financial Officer of Castle Exploration and Senior VP ofCorporate Strategy for Golden Star Resources Ltd. from 2003 to 2019.Mr. Higson-Smith is currently a strategic advisor to the board ofdirectors of Federation Mining LTD.
Mr. Antenor Silva is a mine engineer with over 50 years' experience inmetallurgical plants engineering and operation, open pit andunderground mines, in several multi-national and public companies. Mr.Silva started his professional career at Serrana de Mineracao in 1966.In 1971, Mr. Silva was a co-founder of Paulo Abib Eng. acting asPresident and COO. By 1986 as CEO of CMP/CMA, one of the firstBrazilian gold companies listed at the BOVESPA stock market. Mr. Silvawas a co-founder of Yamana Gold, where he served as COO and President for over 10 years. Mr. Silva is currently retired and serves as aboard member on South Atlantic Gold and Amarillo Gold Corp.
Douglas Meirelles, President and CEO, stated, "I am very pleased tohave both Bruce Higson-Smith and Antenor Silva join our Board. Thedepth and breadth of experience from these two highly respected menwill add greatly to our team. I want to thank Dr. Charlie Cheng andTerese Gieselman for their generous dedication to our Board. Ms.Gieselman will remain as our CFO & Corporate Secretary."
Results of Annual GeneralMeeting
The shareholders of the Company approved all matters asset forth in the Company's Notice of Meeting and Information Circular,dated October 14 2020, by the required majority of votes cast at theannual general meeting including:
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- Acceptance of the 2020 audited financial statementsof the Company;
- Approval to set the number of directors for theensuing year at six;
- Election of all nominees to the Board of Directors ofthe Company including Bruce Higson-Smith, Douglas Meirelles, MarcLeduc, Antenor Silva, Nanmao Su and Oliver Friesen;
- Approval of the appointment of Smythe LLP as auditorsof the Company until the next annual general meeting of shareholders;
- Approval of the rolling stock option plan; and
- Disinterested Shareholder Approval of the rollingoption grant.
Proposed Corporate Name Change toSouth Atlantic Gold Inc.
The Company is proposing to change the corporate nameto South Atlantic Gold Inc., subject to regulatory approval. TheCompany intends to primarily invest its resources in our Pedra Brancaproject as we move this project forward with our current drillingprogram (press release dated October 22, 2020). Additionally, we willbe conducting business development activities in Brazil to broaden ourland position for greater geographical diversity. The change of thename of the Company to South Atlantic Gold will better reflect ourongoing and increased presence in Brazil as a major sphere of ourwork.
Corporate
The Company is further pleased to advise that Anne Hitewill be joining the Company to serve as Vice President of Investor Relations. Ms. Hite has over 20 yearsof experience in IR for mineral exploration and mining companies. Shehas been employed by a number of mid-tier and junior explorationcompanies in various investor relations positions. She also worked fora money management firm and written both commissioned and independentresearch reports. She has worked with Golden Star Resources, RareElement Resources, Luna Gold, Sandspring Resources (Gold X Mining),Pershing Gold (Americas Gold and Silver) and others. Ms. Hite holds aB.Sc. degree in geophysics and an MBA.
Stock Option Grant
The Company has granted an aggregate of 3,755,000 stockoptions at $0.14 per share over a five year period to certaindirectors, officers, and consultants pursuant to the Company's stockoption plan. The options have certain vesting periods thatinclude:
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- 3,505,000 shall vest a t hird(1/3) immediately on date of grant with a 1/3 12 months from the dateof grant and final balance 24 months from the date of grant;and
- 250,000 options shall vest 4 months from date ofgrant.
About Jiulian
Jiulian is an exploration company engaged in acquiringand advancing prospective and under-explored gold properties both inCanada and internationally. The Company's current portfolio includesthe wholly-owned, Bigg Kidd property, located near Aspen Grove, BC.Jiulian Resources is listed on the Exchange under the symbol"JLR".
ON BEHALF OF THE BOARD
Douglas Meirelles, President and CEO
For more information regarding thisnews release, please contact:
Douglas Meirelles
T: 250-762-5777
E: ir@jiulianresources.com
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