MONTREAL, QUEBEC -- (Marketwired) -- 08/29/13 -- Augyva Mining Resources Inc. ("Augyva") (TSX VENTURE: AUV) is pleased to provide the results from its annual general and special meeting of shareholders held August 29, 2013 in Toronto (the "Meeting").
At the Meeting, shareholders re-elected the incumbent management nominees, Farhad Abasov, Kuldeep Billan, Sandy C.K. Chim, Peter R. Jones, C. Nigel Lees and Michael R. Skutezky, to serve as directors of the Company for the ensuing year. Shareholders also voted in favour of the re-appointment of Raymond Chabot Grant Thornton LLP as the Company's auditors and authorized the directors to fix their remuneration. The Company's stock option plan was also approved by shareholders at the Meeting.
Following the Meeting, the Board of Directors elected Peter R. Jones as Chairman of the Board and confirmed his ongoing role as Interim CEO of the Company. Shannon Penney will continue as CFO of the Company.
About Augyva Mining Resources Inc.
Augyva is an exploration and development company holding five properties located in the James Bay and Abitibi regions of the Province of Quebec. Its major project is its 35% interest in the Duncan Lake Iron Property located in the western part of the La Grande Greenstone Belt. The property is accessible by road and covers approximately 25,602 hectares. Augyva received the results of a National Instrument 43-101 compliant Preliminary Economic Assessment prepared by Met-Chem Canada Inc. in March 2013. The property is subject to an option and joint venture agreement between Augyva and Canadian Century Iron Ore Corporation which has 65% interest in the property.
In addition to the Duncan Lake Iron Property, Augyva holds a 100% interest in four other mineral properties, namely: Yasinski and Kali in the James Bay region and Senneville and Malartic in the Abitibi region. At these mineral properties, the exploration focus is for other than iron ore.
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.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Augyva's disclosure documents on the SEDAR website at www.sedar.com. Augyva does not undertake to update any forward looking information except in accordance with applicable securities laws.
Peter R. Jones
Chairman and Interim CEO
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OCTOBER 31, 2014
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