TORONTO, July 29, 2024 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. (“Canadian GoldCamps”, or the “Company”) (CSE: CAMP) (FSE: A68) (OTC: SMATF) is pleased to announce the results of voting at its Annual General and Special Meeting of Shareholders held July 26, 2024 (the “Meeting”).
At the Meeting, Shareholders voted in favour of all items put forward by the Company in the management information circular dated June 25, 2024. Michael Taylor, Maciej Lis and Jason Hawkins were all elected to the board of directors.
Shareholders also voted in favour of:
- re-appointing Stern & Lovrics LLP, as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration;
- approving the Company’s Omnibus Long-term Incentive plan;
- authorizing the Company to conduct a non-brokered private placement; and
- authorizing the Company to enter into the definitive agreement with F4 Uranium Corp. for the purchase of up to 70% of the Murphy Lake Project described below.
A total of 3,425,741 common shares were voted, representing approximately 26.98% of total shares issued and outstanding as at the record date of the Meeting.
About the Murphy Lake Property
F4 Uranium Corp's 609-hectare Murphy Lake Project is located in the north-eastern corner of the Athabasca Basin, 30 km northwest of Orano's McLean Lake deposits, 5 km south of ISOEnergy's Hurricane Uranium Deposit, and 4 km east of Cameco's La Rocque Lake Uranium Zone where drill hole Q22-040 intersected 27.9% U O over 7.0 m. The maiden drill program at Murphy Lake was concluded in late September of 2022, and consisted of 14 completed drillholes totaling 6,850m. The scintillometer results from hole ML22-006 intersected up to 2,300 cps (see NR August 10, 2022), which resulted in assay results of 0.065% U3O8 over 2.5m from 322.5m to 324.5m, including 0.242% U3O8 over 0.5m on the E1 EM conductor. Unconformity associated, basement hosted uranium mineralization was encountered along a strike length of 330m on the E1 conductor between ML22-011 and ML22-013 (See Assay Results Map in F3’s news release here) and was associated with graphitic and sulphide rich shear zones in an area overlain by approximately 260m of Athabasca Sandstone.
Qualified Person: The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of F3 by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has verified the data disclosed.
About Canadian GoldCamps Corp.
Canadian GoldCamps Corp. is a Canadian-based junior exploration stage company engaged in the evaluation, acquisition and exploration of uranium properties.
For further information, please contact:
Canadian GoldCamps
Michael Taylor, Interim CEO
604-687-2038
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, including, but not limited to statements related to the company’s business in general, the ability to complete the transaction, and the timing of completion of the transactions contemplated by the definitive option agreement, including the parties' ability to satisfy the conditions or approvals to the consummation of the transaction and the possibility of any termination of the agreement. The Company disclaims any intention or obligation to revise or update such statements.
