TALON METALS ANNOUNCES RESULTS OF AGM
Road Town, Tortola, British Virgin Islands (June 23, 2021) – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) is pleased to announce the results of its annual and special meeting of shareholders (“AGM”) held today in St. Michael, Barbados.
All of the nominee directors listed in Talon’s management information circular dated May 27, 2021 were elected as directors. The results of the shares voted in respect of the election of each director were as follows:
Furthermore at the AGM, shareholders of the Company:
- voted in favour of authorizing the Company to effect a combination of the common shares of the Company (the “Consolidation”) on the basis of one (1) post-Consolidation common share of the Company for up to ten (10) pre-Consolidation common shares, as determined by the directors of the Company, in their sole discretion; and
- voted in favour of appointing MNP LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration.
For greater certainty and notwithstanding the foregoing, the directors of the Company have not yet determined to effect the Consolidation and may elect not to proceed with the Consolidation, in their sole discretion (subject to fiduciary and statutory duties). The directors will continue to assess market conditions and the interests of the Company and shareholders before proceeding to effect the Consolidation, if at all. To be effective, the Consolidation must also be approved by the Toronto Stock Exchange.
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project. Talon has an earn-in to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts outside the current resource area. Talon is focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry. Talon has a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact: