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Marching Moose Capital Corp. Announces Results of AGSM

VANCOUVER, BC--(Marketwired - June 28, 2017) - Marching Moose Capital Corp. (TSX VENTURE: MMC.P) ("MMCC" or the "Company"), a capital pool company, is pleased to announce that all proposed resolutions were approved at the Company's Annual General and Special Meeting of Shareholders held on June 27, 2017 (the "Meeting").

The number of directors was set at three (3) and shareholders approved the re-election of Larry K. Doan, Anurag Arun, and Luc Pelchat as directors.

Davidson & Company, Chartered Accountants, have been re-appointed as auditors of the Company for the ensuing year and the directors have been authorized to fix their remuneration.

Also reapproved was the Company's stock option plan. The Company's stock option plan will remain a 10% "rolling" plan.

As disclosed in the Company's news release dated April 18, 2017 the TSX Venture Exchange (the "Exchange") provided the company with an extension to the prescribed 24 month period in which it must complete a Qualifying Transaction. A condition of the extension was that the company's shareholders authorize a move to the NEX Board of the Exchange and a cancellation of 50% of the Company's seed shares in the event that the proposed Qualifying Transaction with Avidian Gold Inc., as previously announced, was cancelled. Therefore special resolutions were approved authorizing the directors to initiate a move to the NEX and the cancellation of 410,002 seed shares should the proposed Qualifying Transaction be cancelled.

Management and the Board would like to thank MMCC's shareholders for their continued support.

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.

/EINPresswire.com/ -- For further information please contact:

Larry K. Doan
Director, President, Chief Executive Officer &
Chief Financial Officer
Marching Moose Capital Corp.
Phone: (778) 867-8874