VANCOUVER, BRITISH COLUMBIA May 14, 2013 – Oakmont Capital Corp. (TSX-V: OMK.P) (the “Company”) is pleased to announce that all resolutions presented at the Company’s annual general and special meeting (the “Meeting”) held on Tuesday, May 14, 2013, including the appointment of directors, the ratification of the appointment and the reappointment of MacKay LLP as auditors, the approval of the Company’s Stock Option Plan and the approval of the Company’s Qualifying Transaction (as defined in the policies of the TSX Venture Exchange (the “Exchange), were approved by shareholders of the Company.
At the Meeting, the Company elected the current directors, Fraser Atkinson, Mark Achtemichuk, Malcolm Clay and Theo Sanidas to the board of directors. In addition, the Company also announces the appointment of David Terry to the board of directors and as Technical Advisor.
Dr. Terry holds a BSc and a PhD in Geology from the University of Western Ontario and is a licensed Professional Geoscientist (P.Geo.) in the Province of British Columbia. Dr. Terry has over 20 years of experience in the resource sector focused primarily on exploration for a wide spectrum of mineral deposits throughout North and South America. He has held numerous senior positions with both large mining companies and junior exploration companies.
For additional information regarding the Qualifying Transaction and any of the matters approved at the Meeting, please see the Company’s information circular dated April 12, 2013, available under the Company’s SEDAR profile at www.sedar.com.
Trading of the Company’s common shares on the Exchange will remain halted until the Qualifying Transaction is accepted by, or satisfactory documentation has been filed with, the Exchange pursuant to Section 3.4 of Exchange Policy 5.2. The Qualifying Transaction is anticipated to close by mid-June, 2013.
On behalf of the board of directors of OAKMONT CAPITAL CORP.
Fraser Atkinson
Chief Executive Officer, Chairman and Director
For further information, please contact:
Fraser Atkinson
Telephone: (604) 220-8048
Completion of the Qualifying Transaction is subject to a number of conditions. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Circular, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about whether the Qualifying Transaction will be completed and whether the conditions to completion, including the approval of the Exchange, can be satisfied. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company’s control. These risks and uncertainties include, among other things, the risk that the Qualifying Transaction may not be approved by the Exchange. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
