VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/21/14 -- North American Tungsten Corporation Ltd. (TSX VENTURE: NTC) ("NTC" or "the Company") is pleased to announce the results of the annual and special meeting of the shareholders of the Company held February 21, 2014 in Vancouver BC. At the meeting the shareholders of the Company:
-- Elected Brian Abraham, Ronald Erickson, Kurt Heikkila, Allan Krasnick,
Dennis Lindahl and Bryce Porter to the board of directors until the next
annual meeting;
-- Reappointed PricewaterhouseCoopers, LLP as auditors of the Company for
the fiscal year ending September 30, 2014, and authorized the board of
directors to fix the remuneration of the auditors;
-- Approved the Company's stock option plan as more fully described in the
information circular dated January 20, 2014 (available for viewing on
SEDAR); and
-- Approved the share conversion feature of convertible debentures issued
by the Company, which resulted in the creation of new "Control Persons"
of the Company, as defined in the policies of the TSX Venture Exchange
and more fully described in the information circular dated January 20,
2014 (available for viewing on SEDAR).
Subsequent to the annual and special meeting, the board of directors re-appointed Kurt Heikkila as the chairman of the board of the Company and appointed Bryce Porter, Brian Abraham, Allan Krasnick, and Dennis Lindahl as members of the Audit Committee.
ON BEHALF OF THE BOARD OF DIRECTORS
Kurt E. Heikkila, Chairman & CEO
ABOUT NORTH AMERICAN TUNGSTEN CORPORATION LTD
The Company is a publicly listed Tier 1 Junior Resource Company engaged primarily in the operation, development, and acquisition of tungsten and other related mineral properties in Canada. The Company's 100% owned Cantung mine and Mactung development project make it one of the few tungsten producers with a strategic asset in the western world. Mactung is one of the world's largest known undeveloped high grade tungsten-skarn deposits.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." Cautionary Note: The Company relies upon litigation protection for "forward-looking" statements.
Cautionary Note: The Company relies upon litigation protection for "forward-looking" statements.
Safe Harbour Statement under the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation: Except for the statements of historical fact contained herein, the information presented contains "Forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and similar Canadian legislation. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," "believes," or variation of such words and phrases that refer to certain actions, events or results to be taken, and other factors which may cause the actual results, performance or achievements of North American Tungsten Corporation Ltd. To be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual results of reclamation activities, the estimation or realization of mineral reserves and resources, the timing and amount of estimated future production, costs of production, capital expenditures, future prices of commodities, possible variations in ore grade or recovery rates, efficacy and efficiency of milling process, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes and other risks in the mining industry. Although North American Tungsten Corporation Ltd. has attempted to identify important factors that could cause actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained herein and in North American Tungsten Corporation Ltd.'s other filing incorporated by reference.
Contacts:
North American Tungsten Corporation Ltd.
+1.604.684.5300
+1.604.684.2992 (FAX)
info@natungsten.com
