Soma Announces Results of AGM and Appointment of New Director
Updated: Dec 28, 2020
December 22, 2020, Vancouver, British Columbia – Soma Gold Corp. (the “Company” or “Soma”) is pleased to announce that all matters submitted to the shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, both dated November 17, 2020, were approved by the requisite majority of votes with 72.11% of eligible votes cast at the Company’s Annual General Meeting (“AGM”) held on Tuesday, December 22, 2020.
The Company is also pleased to announce the appointment of Ms. Natascha Kiernan to the Company’s Board of Directors.
Ms. Kiernan is a lawyer and consultant with over 15 years of experience specializing in transactions involving mining and other natural resources. Ms. Kiernan has held senior positions with several prominent international law firms, including in the New York and London offices of Skadden, Arps, Slate, Meagher & Flom, and was listed as a “Top 40 under 40” rising legal star by the Financial News.
The Board of Directors also takes this opportunity to thank Larry Timlick, who served for over 10 years on the Board of Directors. Geoff Hampson, Soma’s Executive Chairman, states, “We appreciate and thank Mr. Timlick for his efforts and dedication to Soma. His advice and counsel, while sitting on our Board, have helped steer the Company through challenging times.”
Mr. Hampson further states, “I am very pleased to have Natascha join Soma’s Board and bring to the Company her diverse business experience and in-depth knowledge of the public markets, finance, mergers and acquisitions and Corporate Governance. I am also proud of the fact that Soma has been able to attract such a highly experienced individual as Natascha and to bring additional depth and diversity to the Board of Directors.”
The Company also announces, subject to regulatory approval, the grant of a total of 400,000 stock options to directors and employees of the Company to purchase common shares of the Company in accordance with its Equity Incentive Plan. The options vest immediately and are issued at an exercise price of 30.5 cents per common share and expire five years from the date of issuance.