(TORONTO, ONTARIO – June 30, 2010) Honey Badger Exploration, Inc. (TUF: TSX-V) (the “Company”) announces the results of its Annual General Meeting (“AGM”) of its Shareholders held on June 22, 2010 at The Board of Trade of Metro Toronto, First Canadian Place, 3rd Floor, Toronto, Ontario at 10:30 a.m. A quorum of the Company’s outstanding common stock as of the record date of May 14, 2010 was present in person or by proxy at the AGM.
Proposed Resolutions
- To receive and consider the financial statements of the Company for the fiscal year ended December 31, 2009 and the Auditors’ Report thereon.
- To appoint MSCM LLP, Chartered Accountants, as the Auditors of the Company, and to authorize the Directors to fix their remuneration.
- To elect a slate of five Directors to serve until the next Annual General Meeting of Shareholders or until such time as their successors are elected or appointed.
- To approve continuation of the Stock Option Plan of the Company as instituted and as approved by the TSX Venture Exchange.
- To approve share issuances in lieu of cash remuneration to Directors and Officers with respect to services rendered to a maximum of 1,000,000 shares collectively.
- To transact such other business as may properly come before the Meeting or any adjournment or adjournments thereof.
Voting Summary on Resolutions
The following are the voting results at the AGM:
Resolution No. 2) More than 99% voted to approve the re-appointment of the Company’s auditors, MSCM LLP, Chartered Accountants for the coming fiscal year.
Resolution No. 3) More than 96% voted to approve the election of each of the following persons to serve as directors of the Company, each to hold office for a term expiring at the next annual meeting of shareholders or until their successor(s) have been duly elected and qualified:
J.A. Kirk McKinnon
Richard Schler
Michael Marchand
Kenneth M. Thompson
Peter D. Liabotis
Resolution No. 4) More than 91% voted to approve continuation of the current “Stock Option Plan” in accordance with the recommendations as described in the TSX Venture Exchange.
Resolution No. 5) More than 91% of the shares voted to approve the issuance in lieu of cash remuneration to Directors and Officers with respect to services rendered to a maximum limit of 1,000,000 shares collectively.
BOARD OF DIRECTORS’ MEETING
The Company is also pleased to announce that on June 23, 2010, following the AGM, a meeting of the Board of Directors of the Company was conducted via telephone conference in Toronto, Ontario, Canada.
At the Meeting, the Board of Directors approved the following appointments to serve in those capacities until the next annual Meeting of Shareholders:
J.A. Kirk McKinnon as President and Chief Executive Officer
Richard E. Schler as Chief Operating Officer and CFO
About HoneyBadger Exploration Inc.
Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company’s current exploration projects are focused in the mining-friendly State of Nevada. The “Yerington Project” is a copper porphyry and skarn property near the town of Yerington, and positions the Company for new exploration in prolific copper districts. The Company's common shares trade on the TSX Venture Exchange under the symbol “TUF”.
For more information, please visit our website at http://www.honeybadgerexp.com
HoneyBadger Exploration Inc.
Brent Nykoliation
Vice President of Business Development
Tel.: (416) 364-4029
Fax: (416) 364-2753
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Or Kirk McKinnon, President and Chief Executive Officer or Richard Schler, Chief Operating Officer and CFO
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “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, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.