MONTREAL, February 1, 2018 – Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX VENTURE: BFD) announces that it has filed its management information circular (“Circular”) and related proxy materials in advance of its annual meeting (the “Meeting”) of shareholders (“Shareholders”) to be held at the offices of Lavery, de Billy, 1 Place Ville Marie, 40th Floor, Montreal, Quebec on Tuesday, February 27, 2018, at 11:00 a.m.
The record date for the purpose of determining Shareholders entitled to receive notice of and to attend and vote at the Meeting was January 23, 2018.
Shareholders are being asked to vote on the following matters:
i) To elect the directors for the ensuing year;
ii) To appoint Raymond Chabot Grant Thornton, L.L.P. as Auditors of the Corporation for the ensuing year and to authorize the Directors to fix their remuneration;
iii) To consider and, if deemed advisable, to adopt a resolution ratifying, confirming and approving the Corporation’s new by-law No. 2018-01 regarding the advance notice; and
iv) To transact such other business as may properly come before the Meeting or any adjournments thereof.
Management has nominated the following persons as directors of the Corporation: Messrs. Hao Liu, George N. Mannard, Donald R. Siemens, Ronald W. Stewart, Hervé Thiboutot and Robert P. Wares.
Mr Liu had served in CEFC China Energy Company Ltd (“CEFC China”) for more than 5 years, and currently is the Chief Director of Financial Investment Department of Shanghai Huaxin Group (Hong Kong) Limited (“Huaxin Group”), mainly in charge of CEFC China’s oversea financing, investment and oil trading business. Mr. Liu holds a Bachelor’s Degree of Business Administration and Master’s Degree of Science. CEFC China is a World Fortune 500 enterprise with energy and financial services as its core business. CEFC China has established its whole oil industry chain over the world, and the annual return exceeds $200 billion. Shanghai Huaxin Group (Hong Kong) Limited is a wholly-owned subsidiary of CEFC Shanghai International Group Limited (“CEFC Shanghai”) which belongs to CEFC China. Huaxin Group is positioned as CEFC China’s oversea business center, financial center and investment center.
Mr. Mannard is a Professional Geologist with over 30 years’ experience. Mr. Mannard was the Vice President Exploration of Wesdome Gold Mines Ltd. from 1994 to 2017 and CEO and Director of Moss Lake Gold Mines Ltd. from 1995 to 2015. He has developed 8 gold mines and is co-credited with discovery of the Louvicourt base metal mine, Val d’Or Quebec. His experience ranges from grassroots prospect targeting through development of underground and surface mining operations and production to mine closure and rehabilitation. Working with junior companies has provided him experience in all aspects of public company administration, strategic acquisitions and restructuring, mergers and financing. Mr. Mannard holds a Bachelor Science honours in Geology, diploma Geological Science in Mineral Exploration and a Master degree in applied science in Mineral Exploration.
Mr. Siemens brings over 30 years of experience to the board as a Chartered Professional Accountant, including 8 years in public practice as a partner with major accounting firms, 8
years in senior executive positions in industry and 25 years as a self-employed Financial Services executive. Mr Siemens has been an independent financial advisor, specializing in Corporate Finance, cross-border transactions and Mergers & Acquisitions since 1989. He currently serves as a Director and Audit Committee Chair for Arizona Mining Inc., Atlantic Gold Corporation, Skeena Resources Limited, Eros Resources Corp and Hansa Resources Ltd. Previously, Mr. Siemens was Partner-in-Charge of Thorne Ernst & Whinney’s (now KPMG) Vancouver office Financial Advisory Services group. Mr. Siemens obtained a B.A. from the University of British Columbia followed by a Chartered Professional Accountant (Chartered Accountant) designation.
Messrs. Stewart, Thiboutot and Wares have been directors of the Corporation since 2017.
Shareholders will receive the Notice of Meeting, the Proxy form and the Management Proxy Circular in the usual manner. The documents are available for viewing online at the following websites and links:
• under the Corporation’s SEDAR profile at www.sedar.com;
• on the Corporation’s website at www.beaufield.com under Investors / Annual General Meeting.
Beaufield will have a booth at the upcoming PDAC Convention in Toronto March 4 to 7, 2018. Beaufield welcomes visitors at booth # 2903.
Beaufield is a mineral exploration company with its exploration activity focused in Quebec and Ontario. Please refer to Beaufield’s website to view the Corporation’s properties in Urban, Eleonore-Opinaca, Tortigny, Hemlo and Launay. The Corporation is actively exploring, is well financed with approximately $5 million in working capital, has no debt and has excess work credits on its properties.
Ronald Stewart, President and CEO : Tel: 647.409.0293
Mathieu Stephens, VP Exploration and Corporate Development: Tel: 514.842.3443
E-mail: [email protected]
Investor Relations: Jason Monaco, Partner at FCCC : Tel: 416.566.8894
E-mail: [email protected]
Web : www.firstcanadiancapital.com
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.