Yale Resources Ltd. (TSX-V – YLL and Frankfurt – YAB) is pleased to report that all resolutions were passed at its Annual General Meeting held on May 14, 2013. The Board of Directors and management would like to thank all shareholders for their continued support and confidence.
The resolution for the proposed consolidation of the shares in Yale and a subsequent name change to Alta Vista Ventures Ltd. were passed with over 11.5M shares voting in favour. The timing of the consolidation will be determined by the Exchange and is anticipated to occur within the next several weeks.
“The Board of Directors is confident that this is a necessary step in the evolution of the Company as Alta Vista will have only 8.1M shares outstanding pre-financing. Combine that with the successful business model that has supported the Company for the past three years and we feel that the Company will be on solid footing moving forward”, stated Ian Foreman, P.Geo., president of Yale.
The Board of Directors and Officers for the upcoming year will consist of:
On behalf of the Board,
“Ian Foreman”
Ian Foreman, P.Geo.
President
The resolution for the proposed consolidation of the shares in Yale and a subsequent name change to Alta Vista Ventures Ltd. were passed with over 11.5M shares voting in favour. The timing of the consolidation will be determined by the Exchange and is anticipated to occur within the next several weeks.
“The Board of Directors is confident that this is a necessary step in the evolution of the Company as Alta Vista will have only 8.1M shares outstanding pre-financing. Combine that with the successful business model that has supported the Company for the past three years and we feel that the Company will be on solid footing moving forward”, stated Ian Foreman, P.Geo., president of Yale.
The Board of Directors and Officers for the upcoming year will consist of:
| Ian Foreman, P.Geo. | – President, Director and Audit Committee Member |
| Lindsay Bottomer, P.Geo. | – Director |
| David Hall | – Director and Audit Committee Chair |
| Edmundo Uribe | – Director and Audit Committee Member |
| Ezra Jimenez, LLM, MBA | – Vice President – Operations and CFO |
On behalf of the Board,
“Ian Foreman”
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
