Merida announces the name change and the results of the annual general and extraordinary assembly | Daily News Byte

TORONTO, November 30, 2022 (GLOBE NEWSWIRE) — Merida Minerals Holdings Inc., (“Corporation“or”Merida“) (TSXV: ESPN) announced that the Corporation has changed its name to “Hispania Resources Inc.”, effective November 17, 2022. The Corporation’s common stock will begin trading under the new name on the TSX Venture Exchange under its current trading symbol ” ESPN” on the market open on December 14, 2022. There is no consolidation or change in share capital. The Corporation is changing its name as it plans to acquire additional mining assets in various regions of Spain. In view of these expansion plans, the Corporation considers that the current name is “Merida” , which refers to a specific region in Spain where the current mining assets of the corporation located, are no longer appropriate.

Certificates of common stock with the former name of the company “Merida Minerals Holdings Inc.”, continue to be valid in the calculation of trading and will be replaced by certificates bearing the new name after the transfer. The Corporation is not required, and stockholders are not required, to exchange their existing stock certificates for new stock certificates bearing the new company name.

Merida is also pleased to announce that all of the management nominees are named in the corporation’s management information report dated October 14, 2022 (“Circular“) were elected as directors of the Corporation at the annual general and extraordinary shareholders’ meeting held on November 14, 2022 (“a meeting“).

The detailed results of the voting for the election of directors held at the Assembly are listed below. Miguel Cabal voluntarily resigned as director and did not run for re-election.

At the meeting, the shareholders of the Corporation also approved: (i) fixing the number of directors for the coming year at three and authorizing the board of directors of the Corporation to adjust that number between meetings of shareholders by resolution in accordance with the provisions of the Corporation. documents; (ii) reappointing DMCL LLP as auditor of the Corporation for the ensuing year and authorizing the board of directors to determine the auditor’s compensation; (iii) the Corporation’s Equity Incentive Plan, and (iv) changing the Corporation’s name to “Hispania Resources Inc.”.

About Merida Minerals Inc.

Merida Minerals Inc is a mineral exploration company focused on mining opportunities in Spain. Mérida is currently focused on developing the long-term mining potential of its core asset, Puebla de la Reina enriched with zinc, copper, lead (“PBR”) estate in the low-risk and historic mining district of Extremadura in southwestern Spain. The PBR property covers an area of ​​90 km². Merida, through its subsidiary, La Joya, entered into a purchase agreement with Auplat SA to acquire 100% of the PBR assets. Merida’s management consists of industry veterans who have more than 80 years of experience in mineral exploration and production in multiple jurisdictions and have successfully managed multiple international mining companies. This includes Spain, where part of the team was responsible for the establishment and construction of Iberian Minerals, with ongoing support from local and regional governments, including a well-developed and sophisticated transport and mining infrastructure.

For more information about Merida Minerals Inc., visit: http://meridaminerals.com/.

Contact info

For more information or to request an interview, please contact:

Norman Brewster – Chief Executive Officer
norm@meridaminerals.com
(416) 970-3223

Kyle Appleby – Chief Financial Officer
kapplebi@cfoadvantage.ca
(416) 417-9176

Forward looking information

This release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: “intend”, “believe”, “estimate”, “expect”, “may”, “will” and similar references to future periods. Examples of forward-looking information include, but are not limited to, the proposed trading date of the Corporation’s shares under a new name, the Corporation’s plans to acquire additional mining assets, and information relating to Merida. Although Merida believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors deemed appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Merida does not can give no guarantee that it will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those anticipated by these statements depending on, among other things, the risk (i) that Merida’s future plans may differ from those currently contemplated; and (ii) that the expected trading date of the Common Shares may change. Additional risks include those disclosed in the Filing Statement, which is incorporated herein by reference and is available through SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof, and the Corporation undertakes no obligation to publicly update or revise any forward-looking statements or information, except as required by law.

This press release is not an offer of securities for sale in the United States. The securities described in this press release have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or, or for the account or benefit of, persons in US (as defined in Regulation S under the US Securities Act of 1933, as amended) absence of registration or exemption from registration. This press release will not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of securities in any state in which such an offer, solicitation or sale would be illegal.

Neither TSKS Venture Exchange nor its regulation service provider (as that term is defined in TSKS Venture Exchange’s policies) accepts responsibility for the adequacy or accuracy of this announcement.