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VanadiumCorp shareholders approve all proposals at AGM

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Vanadiumcorp shareholders approve all proposals at AGM


2014-06-18 16:14 ET – News Release

Mr. Adriaan Bakker reports


All of management’s resolutions submitted to shareholders at Vanadiumcorp Resource Inc.’s annual general meeting (AGM) held on June 13, 2014, were approved. Increased shareholder engagement was clearly demonstrated by a record number of shares cast along with more than two dozen shareholders in attendance.

Adriaan Bakker, Stephen Pearce, Paul Sorbara, John Hewlett and Tom Peregoodoff have all been re-elected to the board of directors with overwhelming support. During the AGM, Mr. Bakker and Lac Dore project manager Rejean Girard provided those in attendance with a detailed update of the Lac Dore project, which was followed by a question-and-answer session. Mr. Bakker, chief executive officer, stated: “Vanadiumcorp’s directors are very pleased to have again received a strong mandate from its shareholders. The company will soon release its first National Instrument 43-101 technical report (NI 43-101) for its Lac Dore project. Compiled by IOS Geoscientifique from Quebec (IOS), it articulates the rich history of geological work completed on the property, spanning 60 years. Completed in a format that illustrates and highlights all areas of value from the prior work, including eight different, historical, non-NI 43-101-compliant resource estimations. The NI 43-101 provides the company with a firm foundation, and enables the development and execution of its future development plans. The imminent public release of our NI 43-101 will be followed by associated developments, and we intend to provide regular updates to shareholders as we move forward.”

Vanadiumcorp has a vision to become the lowest-cost, primary producer of vanadium. The current growth strategy is focused on development of its most advanced project in mining-friendly Quebec, Canada, the Lac Dore project. The Lac Dore project, coupled with the company’s Iron-T vanadium-titanium-iron project, clearly establishes Vanadiumcorp at the forefront of North American vanadium exploration and development.

The company wishes to announce that it has granted an incentive stock option for one million shares to a director, and incentive stock options for 600,000 shares to employees and consultants of the company, at a price of 10 cents per share, exercisable for a period of five years.

The technical contents of this release were approved by Rejean Girard, PGeo, a qualified person as defined by National Instrument 43-101.




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