Badger - Press Release Source: Honey Badger Exploration Inc. Monday, July 4, 2011, 8:00 PM EDT - Toronto, Ontario-(Marketwire - 07/04/11) - Honey Badger Exploration Inc. (TSX-V: TUF - News) (the "Company") announces the results of its Annual General and Special Meeting ("AGM") of the Company shareholders held June 23, 2011 at the headquarters of the company. A number of the company's outstanding common shares of the record date of May 16, 2011 was present in person or by proxy at the meeting.
Proposals for Decision
First To receive and consider the accounts for the year ended 31 December 2010 thefiscal farms and report on accounts.
Identify the second Scm LLP, Chartered Accountants, as auditors theCompany, and to authorize the Board to fix their remuneration.
3. Elected to the Board in office until the next Annual General Meeting ofShareholders or until their successors are elected or appointed.
4th To approve the continuation of the stock option plan of the Company asinstituted and approved by the TSX Venture Exchange.
5. To agree to share instead of giving cash bonuses for the Board of Directors serve a maximum and Officers of2, 000,000 shares in a collective manner.
6. To approve the sale of 49% in BlackjackProperty.
7. Resolution to approve share consolidation to travel across tothe information dated May 16, 2011 meeting was canceled fromconsideration.
Summary voting resolutions
The following are the results of the vote at the AGM:
Resolution No. 2) Over 99% of the shares voted to approve the reappointment of auditors of the Company, MSCM LLP, Chartered Accountants for the next fiscal year.
Resolution No. 3) Over 85% of the shares voted in every election the following persons are the leaders of both the company's term in office which ends next Annual General Meeting or until their successor (s) has been duly elected and qualified:
JA Kirk M. Scherba LiabotisCraig McKinnonRichard ThompsonPeter SchlerKenneth
Resolution No. 4) Over 85% of the shares voted for the continuation of the "stock options" as described in accordance with the recommendations of the TSX Venture Exchange.
Resolution No. 5) Over 86% of the shares voted to approve the issue instead of cash compensation for directors and officers in respect of services rendered to the maximum limit of 2 million shares collectively.
Resolution No. 6) More than 98% of the shares voted for the sale of the remaining 49% owned Blackjack.
Board Meeting
The Company is also pleased to announce that June 23, 2010 Annual General Meeting after the meeting of the Board of Directors have been made to the Company by telephone conference in Toronto, Ontario, Canada.
At the meeting, the Board approved the following appointments to serve in this capacity until the next annual meeting of shareholders:
JA Kirk McKinnon as President and CEO Richard Schler as Chief Operating Officer and as Secretary Liabotis CFOPeter
Administration
The TSX Venture Exchange approval of the Company intends to modify its 2.015 million share options with an exercise price of $ 0.10 per share and expire April 1, 2012 for a term which expires June 30, 2016 at the price of subscription accordance with the same stock option plan of the company.
About Honey Badger Exploration Inc.
Honey Badger is an exploration company with gold and base metals exploration headquartered in Toronto, Ontario, Canada. Exploration projects underway Company are concentrated in the mining friendly state of Nevada. "Draft Yerington" is a porphyry copper and skarn property near the town of Yerington, and positions the Company for new exploration in the prolific copper district. Shares of the Company are traded on the TSX Venture Exchange under the symbol "TUF."
For more information, please visit our website http://tok0blog.blogspot.com. or Toko Blog
Proposals for Decision
First To receive and consider the accounts for the year ended 31 December 2010 thefiscal farms and report on accounts.
Identify the second Scm LLP, Chartered Accountants, as auditors theCompany, and to authorize the Board to fix their remuneration.
3. Elected to the Board in office until the next Annual General Meeting ofShareholders or until their successors are elected or appointed.
4th To approve the continuation of the stock option plan of the Company asinstituted and approved by the TSX Venture Exchange.
5. To agree to share instead of giving cash bonuses for the Board of Directors serve a maximum and Officers of2, 000,000 shares in a collective manner.
6. To approve the sale of 49% in BlackjackProperty.
7. Resolution to approve share consolidation to travel across tothe information dated May 16, 2011 meeting was canceled fromconsideration.
Summary voting resolutions
The following are the results of the vote at the AGM:
Resolution No. 2) Over 99% of the shares voted to approve the reappointment of auditors of the Company, MSCM LLP, Chartered Accountants for the next fiscal year.
Resolution No. 3) Over 85% of the shares voted in every election the following persons are the leaders of both the company's term in office which ends next Annual General Meeting or until their successor (s) has been duly elected and qualified:
JA Kirk M. Scherba LiabotisCraig McKinnonRichard ThompsonPeter SchlerKenneth
Resolution No. 4) Over 85% of the shares voted for the continuation of the "stock options" as described in accordance with the recommendations of the TSX Venture Exchange.
Resolution No. 5) Over 86% of the shares voted to approve the issue instead of cash compensation for directors and officers in respect of services rendered to the maximum limit of 2 million shares collectively.
Resolution No. 6) More than 98% of the shares voted for the sale of the remaining 49% owned Blackjack.
Board Meeting
The Company is also pleased to announce that June 23, 2010 Annual General Meeting after the meeting of the Board of Directors have been made to the Company by telephone conference in Toronto, Ontario, Canada.
At the meeting, the Board approved the following appointments to serve in this capacity until the next annual meeting of shareholders:
JA Kirk McKinnon as President and CEO Richard Schler as Chief Operating Officer and as Secretary Liabotis CFOPeter
Administration
The TSX Venture Exchange approval of the Company intends to modify its 2.015 million share options with an exercise price of $ 0.10 per share and expire April 1, 2012 for a term which expires June 30, 2016 at the price of subscription accordance with the same stock option plan of the company.
About Honey Badger Exploration Inc.
Honey Badger is an exploration company with gold and base metals exploration headquartered in Toronto, Ontario, Canada. Exploration projects underway Company are concentrated in the mining friendly state of Nevada. "Draft Yerington" is a porphyry copper and skarn property near the town of Yerington, and positions the Company for new exploration in the prolific copper district. Shares of the Company are traded on the TSX Venture Exchange under the symbol "TUF."
For more information, please visit our website http://tok0blog.blogspot.com. or Toko Blog
This press release contains forward-looking statements. Forward-looking statements are statements that relate to future events. In some cases you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipate," "believes," "estimate," "expects," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to differ materially from the results, the level of activity, performance or achievements expressed or implied by such statements.
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