iMetal Resources Inc (OTCMKTS:ADTFF) has released the results for the Annual General Meeting of Shareholders. The company had the meeting in Vancouver, BC, on December 20, 2021. iMetal submitted various matters to its shareholders and was able to get approval.
Trading Data
On Thursday, ADTFF stock ended flat at $0.0339 with more than 20k shares traded, compared to its average volume of 15K shares. The stock has moved within a range of $0.0339 – 0.0339 after opening trading at $0.0339.
iMetal Announces Successful Results Of The 2022 Annual General Meeting
The shareholders re-elected several directors like R. Timothy Henneberry, Scott Davis, Johan Grandin, and Satvir S. Dhillon. They also reappointed company auditors, David & Company LLP. In addition, they approved a consolidation which the company will implement at the discretion of Board members.
iMetal presently has 51,370,372 outstanding common shares. After the consolidation, it will have 10,274,074 outstanding common shares. Once the date and detail of consolidation are available, the company will release them to the shareholders.
The company will require approval from the TSX Venture Exchange to complete the consolidation. According to the President and CEO of iMetal Resources, Saf Dhillon, the company is grateful for the support the shareholders have shown this year.
iMetal is an exploration company that focuses on developing and exploring its vast resources in Quebec and Ontario. In addition, the company has an interest in the Carheil Property and the Gowganda West Property.
Key Quote
“On behalf of the board of directors, I would like to take this opportunity to thank the Company’s shareholders for their continued support throughout the past year,” commented Saf Dhillon, Chief Executive Officer and President of the Company.
Technical Data
ADTFF stock is trading above the 20-Day and 50-Day Moving averages of $0.0356 and $0.0405 respectively. However, the stock is trading below the 200-Day moving average of $0.0686.
