Vancouver, BC, Canada – November 9, 2021– Gold Line Resources Ltd. (TSX-V: GLDL, Frankfurt: 4UZ, WKN: A2QGWC, OTCQB: TLLZF) (“Gold Line” or the “Company”) is pleased to announce the results from the Annual General and Special Meeting of Shareholders of the Company (the “Shareholders”), held on November 9, 2021 at 10:00 a.m. PST at Suite 3123 – 595 Burrard Street, Vancouver, BC, and by conference call.
All nominees listed in the Company’s information circular dated September 28, 2021 (the “Circular”) were elected as directors of the Company, with the resulting directors being:
- Mr. Adam Cegielski;
- Mr. Joel Shacker;
- Mr. Simon D. Studer;
- Dr. Eric Jensen; and
- Mr. Toby Pierce.
In addition, the Shareholders received the audited annual financial statements of the Company for the year ended December 31, 2020, and approved all of the other resolutions detailed in the Circular and put forward at the Meeting, namely:
- To re-appoint Davidson & Company LLP as the auditor of the Company for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditor.
- To fix the number of directors for the ensuing year at five (5).
- To elect directors for the ensuing year.
- To re-approve the Company’s stock option plan.
The Company also announces that an aggregate of 1.5 million incentive stock options have been granted to consultants, including 375,000 incentive stock options to Toby Pierce, a Director and Consultant of the Company, exercisable at a price of $0.14 per share for a term of 5 years, subject to the approval of the TSX Venture Exchange.