Key Highlights
- Southern Silver shareholders re-elected six directors and reappointed Smythe LLP as auditor.
- Shareholders approved a 2026 rolling stock option plan reserving up to 10% of shares.
- Shareholders extended the company’s shareholder rights plan for three years, to the 2029 annual meeting.
- Southern Silver granted options for 13.9 million shares at $0.40 per share, exercisable for five years.
Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) reported that shareholders approved a series of governance and compensation-related resolutions at its annual general meeting on October 27, 2026, including the election of directors, approval of its stock option plan, and an extension of its shareholder rights plan.
At the meeting, shareholders elected incumbent directors Lawrence Page, K.C., D. Roger Scammell, Nigel Bunting, Peter Cheesbrough, Ginalee Jones and Ramon Davila. Russell Ball did not stand for re-election, and the company thanked him for his past service. Shareholders also reappointed Smythe LLP, Chartered Accountants as auditor.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Shareholders approved the company’s 2026 rolling incentive stock option plan, under which up to 10% of Southern Silver’s issued shares may be reserved for issuance under the plan.
They also ratified and confirmed Southern Silver’s shareholder rights plan for an additional three years, until the conclusion of the company’s 2029 annual meeting of shareholders, and approved minor amendments to the plan. The rights plan is set out in an agreement dated September 4, 2020 between the company and Computershare Investor Services Inc.
Following the annual general meeting, Southern Silver reappointed its officers: Lawrence Page, K.C. as President, Robert Macdonald as Vice President, Exploration, Jay Oness as Vice President, Corporate Development, Killian Ruby as Chief Financial Officer, and Arie Page as Corporate Secretary.
Separately, Southern Silver granted incentive stock options to directors, officers and consultants to purchase an aggregate 13,900,000 common shares at an exercise price of $0.40 per share. The options are exercisable for five years and are subject to the company’s stock option plan and TSX Venture Exchange policies.
The original press release is available on stockhouse.com
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