HALIFAX, June 28, 2017 /CNW/ - Antler Gold Inc. ("Antler" or the "Company") (TSXV: ANTL) is pleased to announce that at the annual and special meeting held on June 28, 2017, the shareholders re-appointed the directors, namely Daniel Whittaker, Carl Hansen, Paul Sparkes and Jim Megann, to hold office until their successors are duly elected or appointed. KPMG LLP has been re-appointed as auditor of the Company until the next annual meeting of shareholders or until its successor is duly appointed. Shareholders also approved the Company's incentive stock option plan as required under the rules and policies of the TSX Venture Exchange ("Exchange").
In addition, the shareholders of the Company approved a share split of the Company's issued and outstanding common shares ("Common Shares") on the basis of up to one and a half (1.5) Common Shares for every existing Common Share ("Share Split"), as the directors may determine, previously announced on May 4, 2017. The board of directors of the Company has determined to effect the Share Split on the basis of one and a half (1.5) Common Shares for every existing Common Share. Outstanding options will be adjusted on the basis of the same ratio. The record date for the Share Split will be July 11, 2017. The Company anticipates that certificates or DRS advices representing the additional Common Shares to be issued to shareholders as of the record date will be mailed to shareholders on or about July 14, 2017. Any fractional shares resulting from the Share Split will be cancelled. Pursuant to the rules of the Exchange, the Common Shares will begin trading on a post-split basis effective July 7, 2017, the second trading day preceding the record date. Antler currently has a total of 27,478,544 common shares issued and outstanding. Following the Share Split, the Company will have up to 41,217,816 common shares issued and outstanding, subject to reduction for any cancelled fractional shares. The Share Split is subject to final approval of the Exchange.
Further details of the Share Split are contained in the Company's Management Information Circular dated May 29, 2017, which has been filed and is available on SEDAR under the Company's profile.
Following the AGM, the board of directors re-appointed all executive officers and committee members, with the exception that, to better reflect corporate governance best practices, Carl Hansen was appointed to the audit committee to replace Daniel Whittaker. As a result of this appointment, all members of the audit committee are independent members of the board of directors.
