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Nirek Resources
4 King ST.W., Suite 1320 Toronto, Ontario M5H 1B6 Canada
Phone: (416) 603-1555
 
 
Frankfurt Stock Exchange: 3N6
 
Home > News > Nirek’s Shareholders’ Meeting – London, England

Nirek’s Shareholders’ Meeting – London, England

Ontario, Canada – March 10, 2008 – Nirek Resources Inc. (“Nirek”) (Frankfurt: 3N6-FRA) (WKN: A0MTW5) and Gold Warrant (Frankfurt: CA6546411175) (WKN: A0SW7M) is pleased to announce that a special meeting of shareholders’ was held at the Holiday Inn (Brent Cross) in London, England on Sunday February 24, 2008.

This was an excellent opportunity for the shareholders based in the U.K. and Europe to meet the Board of Directors and its U.K representative. The meeting was open to all shareholders. Most shareholders were from the U.K. with additional attendees from Canada and Europe.

There were three major resolutions proposed and carried.

  • The issuance of common shares in order to acquire 10,000 ounces gold to back the Gold-Bullion-backed warrant introduced by the company in November 2007.
  • The facility to issue up to 20,000,000 common shares in private placements at a price of $1.25 Canadian per share.
  • An additional facility to issue up to 20,000,000 common shares in private placements at a rate to be determined by the directors at the time of issuance.

The above matters were transacted as preparation for the company’s longer term financing and business plans.

Following the shareholders’ meeting there was a detailed presentation focusing on the company’s properties; the Eby-Otto Fault Zone, the Gosselin Veins and the Kirana Mine, the Gold-Bullion-backed warrant and the future of the Company.

A special thanks extended to Nirek’s London office for an excellent effort in organizing the meeting and insuring that it was well-attended.

About Nirek Resources Inc.

Nirek Resources Inc. (“NIREK”) is a Canadian exploration company focused on exploring for precious and base metals in US and Canada. Its goal is to become one of Canada’s major gold and precious metals producers through a series of joint ventures and mine and property acquisitions.  It is the company’s ambition to fulfill drilling requirements necessary to estimate a NI 43-101 compliant resource.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact:
Richard Ross.
Phone:
(416)603-1555

Website: www.nirekresources.com
E-mail: info@nirekresources.com
 
 
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