By james art Vancouver, British Columbia–(Newsfile Corp. – November 1, 2024) – Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR20) (“Hayasa” or “Company“) is pleased to announce that the TSX Venture Exchange (“TSXV“) approved the company’s name change from Fremont Gold Ltd. to Hayasa Metals Inc.
When the markets open on November 6, 2024, the Company’s common stock will begin trading under the new name Hayasa Metals Inc. and the new ticker symbol “HAY”. The company’s new CUSIP number is 420634107 and its new ISIN number is CA4206341071. The name change was approved by a decision of the Company’s board of directors on September 13, 2024.
There is no consolidation of the Company’s share capital in connection with the name change. As a result, shareholders are not required to exchange their existing share certificates for new certificates bearing the new name of the Company. The name change does not affect the Company’s share structure or the rights of the Company’s shareholders, and no further action is required by existing shareholders.
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The Board believes that the name change is necessary to more closely associate the company with Armenia and our flagship properties: Vardenis and Urasar. “We are particularly pleased to continue to prioritize our capital in the drill and as such have not spent much at all on the rebranding effort. While some scammers may have their own interpretation of the logo, we think we’ve got a pretty decent result and we’re looking forward to launching the new website on or around November 6,” said Joel Sutherland, CEO.
The Company also announces that all resolutions have been passed at its annual general meeting of shareholders held in Vancouver on October 22, 2024 (“OS“).
All nominees for election as directors of the Company listed in the Company’s information circular dated September 13, 2024 were re-elected for the following year and the number of directors was fixed at five. Accordingly, Joel Sutherland, Dennis Moore, Michael Williams, Randall Chatwin and Jason Libenson were elected as directors of the Company.
DeVisser Gray LLP, Chartered Professional Accountants, were reappointed as the Company’s auditors for the coming year.
The Company’s Omnibus Equity Compensation Plan (“Omnibus plan“) was also approved at the general meeting. The omnibus plan includes the possibility to issue stock options (“Options“), restricted share units (“RSUs“), efficiency share units (“power supplies“) and deferred units (“DSU“, and together with Options, RSUs, PSUs, “Awards“). The maximum number of Common Shares that may be issued with respect to Options will not exceed 10% of the total number of Common Shares issued at the time an Option is granted and the total number of Common Shares that may be issued with respect to RSUs , PSU and DSU (total, “Performance-based rewards“) will not exceed 5,818,809. The Omnibus Plan has a “rolling” limit in connection with the grant of Options because the number of shares of common stock reserved for issuance pursuant to the grant of Options will automatically increase as the number of shares issued and outstanding increases the Company’s share capital The Omnibus Plan will replace the Company’s existing stock option plan All options currently issued and outstanding under the Company’s existing stock option plan will continue to be exercisable by the Omnibus Plan.