VAL D'OR, QUEBEC--(Marketwire - Dec. 28, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES, OR DISSEMINATION IN THE UNITED STATES.
Metanor Resources Inc.(TSX VENTURE:MTO) ("Métanor" or the "Company") held its Shareholders' annual and extraordinary meeting in Val-d'Or last December 16. The Company is pleased to announce that the Shareholders elected as directors' misters Robert C. Bryce, Tristram Robert Coffin, Raymond Couture, Ghislain Morin, Ronald Perry and Serge Roy.
Further, at this meeting, the Shareholders appointed Deloitte & Touche as auditors until the next annual meeting of the shareholders and authorized the directors to fix their remuneration. Raymond Chabot Grant Thornton was the auditors of Metanor and Deloitte & Touche was appointed as new auditor. There were no reserve in the Raymond Chabot Grant Thornton Auditors' Reports and no event to declare between the Company and Raymond Chabot Grant Thornton. Pursuant to National Instrument 51-102 - Continuous Disclosure Obligations, a notice of change of Auditors accompanied by the required letters were filed on SEDAR.
The Shareholders adopted a resolution to approve and ratify the "rolling" stock option plan.
After the shareholders meeting, the directors reviewed the composition of its committees. The Audit Committee will comprise Tristram Robert Coffin, Robert C. Bryce, Ronald Perry and Raymond Couture, who will act as chairman. Raymond Couture, Robert C. Bryce and Tristram Robert Coffin will be the members of the Compensation Committee. The Governance Committee will comprise Raymond Couture and Robert C. Bryce.
The executive officers will be as follows:
Serge Roy, Chairman of the board and Chief Executive Officer (Chairman & CEO);
Ghislain Morin, President and Chief Operating Officer (President & COO);
Claudine Levesque, CFO;
Ronald Perry, Vice-president and treasurer;
Pascal Hamelin, Vice-president Operations and Director General of the Bachelor Mine;
André Tremblay, Vice-president Exploration;
Diane Bournival, Corporative Secretary.
222,528,774 OUTSTANDING SHARES
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