BC Moly Ltd. Announces Meeting Result and Expiration of Shareholder Rights Plan
BURNABY, BRITISH COLUMBIA--(Marketwired - Dec 9, 2014) - BC Moly Ltd. (the "Company" or "BC Moly") (TSX VENTURE:BM) is pleased to announce that at its Annual and Special General Meeting of Shareholders held on Friday, December 5, 2014 (the "Meeting"), incumbent directors Paul Champagne, Brian Kynoch and Edward Yurkowski were re-elected as directors of the Company. At the Meeting, Shareholders also approved decreasing the number of directors from seven to three and fixed number of directors of the Company at three; appointed Smythe Ratcliffe LLP, Chartered Accountants, as auditor of the Company; authorized the directors of the Company to fix the auditors remuneration; and re-adopted and re-approved the Company's stock option plan.
The Company also announces that in accordance with the terms of the Shareholder Rights Plan (the "Plan") that was implemented on August 24, 2011, the Plan together with all outstanding rights granted thereunder were terminated and are null and void and of no further force and effect as of 4:30 p.m. (Vancouver time) on December 8, 2014.
About BC Moly Ltd.:
BC Moly Ltd. is a Canadian mineral exploration company focused on the development of its Storie Property molybdenum deposit. The Storie Property is situated about 6 km southwest of Cassiar, British Columbia. Cassiar is located 15 km (by paved road) west of Highway 37 which provides access to Watson Lake, Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.
On behalf of BC Moly Ltd.
Edward Yurkowski, President and CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements". All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Although the Company 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.