Itasca Announces Voting Results for its 2017 Annual General Meeting

TORONTO, Sept. 7, 2017 /CNW/ - Itasca Capital Ltd. (TSX-V: ICL) (the "Company" or "Itasca") is pleased to announce the voting results from its 2017 Annual General Meeting of Shareholders (the "Meeting") held in Toronto, Ontario on September 7, 2017. All resolutions put to shareholders at the Meeting were duly passed, including: the election of the Company's incumbent directors: Edward H. Benford, D. Kyle Cerminara, John T. Fitzgerald, Andrew McIntyre, R. Michael Powell and Larry G. Swets, Jr. and an ordinary resolution re-approving the Company's stock option plan.

Following the Meeting, the Board of Directors granted 80,000 options to each director, for a total of 480,000 options, under the Company's stock option plan for a term of 10 years with an exercise price of $1.00 per option. The stock options granted to directors are in lieu of the directors' cash fee that has been accrued and unpaid since the current directors were elected in June 2016.

Neither of the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Itasca Capital Ltd.

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