Aquila Resources Announces Election Results for its 2018 Annual Meeting

Shares Outstanding: 334,639,556

TORONTO, May 22, 2018 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila"), a permitting-stage company advancing the zinc- and gold-rich Back Forty Project in Michigan's Upper Peninsula, today announced voting results for the election of directors at its Annual General Meeting ("AGM") of Shareholders held today, May 22, 2018, in Toronto.

Aquila Resources Inc. (CNW Group/Aquila Resources Inc.)

A total of 199,982,325 common shares representing 60.19% of all of Aquila's issued and outstanding shares were voted in connection with the AGM.  Shareholders approved all items of business before the AGM, including the election of Directors as follows:

Nominee

Votes For

% of Votes
For

Votes
Withheld

% of Votes
Withheld

Joseph de la Plante

147,653,922

98.50%

2,247,599

1.50%

Peter M.D. Bradshaw

147,719,916

98.54%

2,181,605

1.46%

Kevin Drover

147,713,926

98.54%

2,187,595

1.46%

Andrew W. Dunn

147,669,916

98.51%

2,231,605

1.49%

Stephen Fabian

147,700,599

98.53%

2,200,922

1.47%

Barry Hildred

147,704,099

98.53%

2,197,422

1.47%

Edward J. Munden

147,716,109

98.54%

2,185,412

1.46%

Ian Pritchard

147,688,595

98.52%

2,212,926

1.48%

 

ABOUT AQUILA RESOURCES

Aquila Resources Inc. (TSX: AQA) is a development‐stage company with strategic assets in the Great Lakes Region. The Company's experienced management team is currently focused on advancing permitting and engineering activities for its 100%‐owned zinc‐ and gold‐rich Back Forty Project in Michigan.

Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project contains approximately 1.1 billion pounds of zinc and 1 million ounces of gold in the Measured & Indicated categories, with additional upside potential. Currently Aquila is working to secure the final State permit required to build and operate Back Forty while completing a Feasibility Study.

The Company has three other exploration projects: Reef Gold Project located in Marathon County, Wisconsin, the Bend Project located in Taylor County, Wisconsin and Aquila Nickel located in the Upper Peninsula, Michigan. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.

SOURCE Aquila Resources Inc.