Unity Energy Corp. Annual General And Special Meeting Results
December 16, 2016 – Unity Energy Corp. (UTY:TSX.V) (“Unity” or the “Company”) held its Annual General and Special Meeting (“AGSM”) at 11:00 am Pacific Standard Time on Thursday, December 15, 2016. At the Company's Meeting, shareholders representing 11.92% of the Company’s outstanding shares, reappointed Anita Algie, Richard Ko, Gilbert Schneider and Peter Born to the board of directors. Shareholders re-approved the 10-per-cent rolling stock option plan, reappointed MNP LLP as auditor of the Company for the ensuing year, and authorized the directors to fix the remuneration to be paid to the auditor. In addition, shareholders also approved the re-pricing of 985,000 stock options previously granted to insiders of the Company.
Ms. Algie, who is also the President, CEO and Director of First Cobalt Corp. (FCC-TSX.V) and director of Avarone Metals Inc. (AVM-CSE), CEO and CFO of Norsemont Capital Inc. (NOM-CSE) graduated from the University of British Columbia with an Honours Degree in Science. Ms. Algie was formerly a director of Alderon Resource Corp. (ADV-TSX.V), Aroway Minerals Inc. (ARW-TSX.V), and August Metal Corp. (AGP-TSX.V). She has been actively involved in management, corporate finance and compliance for public companies in the oil and gas and mining sectors for over ten years. This includes the completion of three CPC Qualifying Transactions in the mining and energy sectors.
Dr. Born, who will act as the Company’s Qualified Person, is a highly respected senior geologist with over 32 years experience exploring and evaluating mining properties for senior and junior Canadian and US resource companies. He holds a Ph.D. in Earth Sciences with expertise in Precambrian Sedimentary Geology, Basin Analysis, Sedimentology, Stratigraphy and Sedimentary Ore deposits. His experience includes several years of uranium exploration in the Athabasca Basin the Thelon Uranium Basin of the Northwest Territories.
Mr. Schneider has over 37 years of senior management experience, including a distinguished 15 year career as Vice President with world renowned Aramark Corporation. He successfully listed Agrimine Holdings (FSH-TSX.V), co-founded Athabasca Uranium Inc. and acts a director.
Mr. Ko, who is also a CFO of First Cobalt Corp. (FCC-TSX.V), Aldever Resources Inc. (ALD-TSX.V) and director of Atom Energy Inc. (ATM-TSX.V) received his Chartered Accountant designation in 1979 and since then has worked actively in the area of public companies and as a self employed businessman.
On behalf of the Board of Directors of Unity Energy Corp.
President, Unity Energy Corp.
The TSX Venture Exchange has in no way passed upon the merits of this release and has neither approved nor disapproved its contents. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Trading in the securities of the Company should be considered highly speculative.