ATAC Resources Announces AGM Results and Management Changes

June 24th, 2015
View in PDF

June 24, 2015 - Vancouver, B.C. - ATAC Resources Ltd. (TSX-V:ATC) (the “Company” or “ATAC”) announces voting results from its June 18, 2015 Annual General and Special Meeting of shareholders and management changes from a subsequent board of directors’ meeting as follows:

(a) each of the Company’s incumbent directors, Robert Carne, Douglas Goss, Bruce Kenway, Helmut Wöber, Glenn Yeadon and Bruce Youngman were reelected; and the ordinary resolution to ratify the adoption by the Company on June 24, 2014 of an Advance Notice Policy for the nomination of Directors was approved;
(b) Graham Downs has been reappointed as Chief Executive Officer and has also been appointed as President. Robert Carne, the Company’s former President, will remain active with ATAC as a consulting geologist with regular field visits and as a senior technical advisor to the board in matters concerning exploration and potential acquisitions and mergers. To perform the role of senior technical advisor to the board, Mr. Carne has been appointed the Chairman of the Company’s Technical Committee; and,
(c) Julia Lane, B.Sc., P.Geo., has been appointed as the Company’s Vice President, Exploration. Ms. Lane has worked in mineral exploration, predominately in the Yukon, since 2006. She has been involved in advancing ATAC’s flagship Rackla Gold Project and is a partner in Archer, Cathro & Associates (1981) Limited. “We are very pleased to formally appoint Julia as Vice President, Exploration for the Company. Ms. Lane has been involved in the Rackla Gold Project since the discovery of Carlin-type mineralization in 2010 and has been instrumental in the development and successful execution of ATAC’s exploration programs,” said the Company’s President and Chief Executive Officer Graham Downs.

Advance Notice Policy

The Advance Notice Policy (the “Policy”), among other things, includes a provision that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by the shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the “Act”); or (ii) a shareholder proposal made pursuant to the provisions of the Act.

The Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting. If the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

About ATAC Resources Ltd.

ATAC is developing Canada’s only Carlin-type gold district and additional mineral occurrences at its 100% owned, 1,700 sq/km, Rackla Gold Project in Yukon. Exploration on the project has resulted in a positive Preliminary Economic Assessment on the Tiger oxide gold deposit, delineation of multiple high-grade Carlin-type gold zones, the discovery of significant silver-lead-zinc mineralization at Ocelot and the identification of numerous early-stage gold targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-financed with approximately $20 million in its treasury.

On behalf of Management and the Board of Directors
of ATAC Resources Ltd.

Graham Downs, CEO
For further information, please contact:

Vanessa Pickering, Manager, Corporate Communications
ATAC Resources Ltd.
T: 604-687-2522 ext. 260
[email protected]


View in PDF