Official news release
MCLAREN RESOURCES INC. Suite 520, 65 Queen St. West Toronto, Ontario, M5H2M5
News Release
January 14, 2016
McLaren Shareholder Update
Toronto, ON: McLaren Resources Inc. (“McLaren” / the “Company”) (CSE: MCL, Frankfurt: 3ML) announces this further update to its proposed share exchange transaction as previously announced on December 2, 2015. A shareholder information circular is being prepared for mailing in advance of a special meeting of shareholders. Approval to acquire income producing commercial properties will be sought from shareholders at the shareholder meeting anticipated to be held near the end of March, 2016.
McLaren also announces that it has reached an agreement with the former CEO of the Company whereby the former CEO is to receive $30,000 and 1,000,000 common shares of the Company as full consideration for services previously provided. The Company has delivered $15,000 and 1,000,000 shares. The agreement made together with the payment of $15,000 plus 1,000,000 shares has reduced the amount of the account payable to the former CEO to $15,000. The Company now has 30,244,281 Common Shares outstanding.
Contact information:
MCLAREN RESOURCES INC. 65 Queen Street West, Suite 520 Toronto, Ontario M5H 2M5 Tel: 416 203 6784