NASS VALLEY ANNOUNCES CORPORATE UPDATE
Richmond, BC, Canada – November 1, 2016
Nass Valley Gateway Ltd. (the “Company or “Nass Valley”) wishes to announce that at its Annual General Meeting (the “AGM”), Messrs. Eric Peter-Kaiser, Andrew von Kursell, Dieter Peter and Milo Filgas were re-elected as directors and Manning Elliott LLP, Chartered Accountants were re-appointed as the Company’s auditors. The Company’s shareholders also passed the resolution ratifying the Company’s stock option plan, which is a rolling 10% plan.
Following the AGM, the Board of Directors re-appointed Dieter Peter as President & CEO and Michael Kelm as Corporate Secretary of the Company and Eric Peter-Kaiser was appointed as Interim CFO. Andrew von Kursell was appointed as Chairman of the Company’s Audit Committee, with Milo Filgas and Eric Peter-Kaiser also appointed to the Audit Committee.
The Company also granted an aggregate of 585,000 incentive stock options to its officers, directors and employees at an exercise price of $0.10 per share. These options are granted for a three-year period and the grant is subject to vesting provisions.
THE COMPANY SEEKS SAFE HARBOR.
For further information please contact:
Dieter Peter, President & CEO, Tel.: 604-278-1132
Michael Kelm, Corporate Secretary, Tel.: 604-278-1135
The CSE has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.