ICS Copper Systems Ltd. 2010 Annual General and Special Meeting of Shareholders
By Ics Copper Systems Ltd., PRNEWednesday, January 12, 2011
VANCOUVER, January 13, 2011 - ICS Copper Systems Ltd. (ICX:TSX.V) (the "Company) announces that it held
its 2010 Annual General and Special Meeting of Shareholders (the "Meeting")
on Tuesday, January 11, 2011 at which Meeting the following individuals were
re-elected directors of the Company: Graham Chisholm, Markus Janser, David A.
Fynn, Lawrence G. Treadgold. Shareholders approved the re-appointment of
Morgan & Co., as auditors of the Company and continuation of the Company's
10% rolling stock option plan.
Shareholders also approved the name of the Company be changed from "ICS
Copper Systems Ltd." to "Nubian Resources Ltd." Further the Shareholders
approved a share consolidation of the Company's issued common shares on a
ratio not to exceed five (5) pre-consolidation shares for (1)
post-consolidation share.
The Board of Directors will be proceeding with the change of name and
share consolidation subject to the approval of the TSX Venture Exchange, and
confirmation that, on a post-consolidation basis, the Company would meet all
applicable TSX Venture Exchange listing requirements.
Immediately after the Meeting, the Board of Directors appointed the
following officers of the Company:
Graham A. Chisholm President and Chief Executive Officer
David A. Fynn, CA Chief Financial Officer
Jeannette Durand Secretary
Markus Janser will assume the role as Lead Director of the Company.
David A. Fynn, Markus Janser and Lawrence G. Treadgold were appointed
members of the Audit Committee for the ensuing year, of which David A. Fynn
is Chair.
President & CEO of ICS, Graham Chisholm, comments: "The change of the
company's name more accurately reflects the Company's new business interests
and the consolidation of the Company's issued Common Shares will provide the
Company with greater flexibility for future corporate activities."
ICS COPPER SYSTEMS LTD.
Signed "Graham Chisholm"
Graham Chisholm, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that are "forward-looking statements". All
statements in this release, other than statements of historical facts that
address future exploration, development and production activities, and other
circumstances, events and developments that the Company expects, are
forward-looking statements. Although management believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance, and
actual results, events and developments may differ materially from those in
the forward-looking statements. The occurrence of certain risk factors, the
probability of which is unknown, may also affect actual results, events and
developments expected by the Company.
For further information: Graham Chisholm, graham@icscopper.com, Office:
+1-604-859-3007; Cell: +1-604-302-0746, Jeannette Durand,
jeannette@icscopper.com
Web Page: www.icscopper.com
For further information: Graham Chisholm, graham at icscopper.com, Office: +1-604-859-3007; Cell: +1-604-302-0746, Jeannette Durand, jeannette at icscopper.com
Tags: canada, ICS Copper Systems Ltd., January 13, Vancouver