Vancouver, British Columbia--(Newsfile Corp. - April 4, 2023) - StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) ("StraightUp" or the "Company") is pleased to announce the results of its annual general meeting of shareholders held on Friday, March 31, 2023 (the "Meeting"). All matters presented to the shareholders (the "Shareholders") for approval as set out in the Company's Notice of Meeting and Information Circular, dated February 21, 2023 respectively, were approved by a majority of votes cast at the Meeting.
The shareholder of the Company approved the setting of the number of directors at three (3) and elected Mark Brezer, Matthew Markin and Barry Wattenberg as directors (the "Board of Directors") of the Company for the ensuing year.
The Shareholders of the Company re-appointed Manning Elliott LLP, Chartered Professional Accounts as the Company's auditor for the ensuing year, and authorized the Board of Directors to fix the remuneration to be paid to the auditor.
In addition, the Shareholders of the Company approved the Company's rolling stock option plan.
Following the Meeting, the Board of Directors appointed the following officers of the Company: Mark Brezer as President, Chief Executive Officer and Chairman, and Matthew Markin as Chief Financial Officer (the "Management").
The Board of Directors and Management of the Company wish to thank its Shareholders for its continue support of the Company.
About StraightUp Resources
Straightup Resources focuses on precious metal, base metal and critical mineral exploration and the acquisition and the development of assets. Its primary holdings are in the Red Lake district of Ontario, Canada, and, to date, StraightUp has assembled over 20,000 hectares of claims in the region. StraightUp's RLX project is in close proximity to Kinross Gold's Great Bear Resources Dixie project and contiguous to its Sobel project.
On Behalf of the Board of Directors
Mark Brezer, Director
For further information, please contact:
Mark Brezer
C.E.O.
mbrezer@straightupresources.com
(604) 741-0444
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release).
Forward-Looking Statement Cautions
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to the Company's plans and expectations regarding the Acquisition; the potential benefits of and opportunities relating to the Acquisition; plans for future exploration of the Opatica Lithium Project; and merits of the Opatica Lithium Project. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "suggests," "indicate," "often," "target," "future," "likely," "pending," "potential," "goal," "objective," "prospective," and "possibly," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the Canadian Securities Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the completion of the Acquisition and risks associated with mineral exploration operations, inludint the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
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