Silvercorp Reports 2018 AGM Results and Management Updates
02 October 2018 - 7:00AM
Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE
AMERICAN: SVM) is pleased to report that all matters placed before
the shareholders at its Annual General Meeting (“AGM”) held on
Friday, September 28, 2018 were approved. A total of
104,008,762 common shares, representing 61.95% of the votes
attached to all outstanding shares as at the record date for the
meeting, were represented at the AGM. All of the matters
submitted to the shareholders for approval as set out in the
Company's Notice of Meeting and Information Circular, both dated
August 9, 2018, were approved by the requisite majority of votes
cast at the AGM. The details of the voting results for the
election of directors are set out below:
|
Votes For |
Non Vote |
Withheld Votes |
Director |
Number |
Percentage |
Number |
Number |
Percentage |
Dr. Rui Feng |
60,101,927 |
99.14 |
% |
43,385,204 |
521,631 |
0.86 |
% |
S. Paul Simpson |
60,019,863 |
99.00 |
% |
43,385,204 |
603,695 |
1.00 |
% |
David Kong |
59,746,654 |
98.55 |
% |
43,385,204 |
876,904 |
1.45 |
% |
Yikang Liu |
60,201,057 |
99.30 |
% |
43,385,204 |
422,501 |
0.70 |
% |
Marina Katusa |
60,260,447 |
99.40 |
% |
43,385,204 |
363,111 |
0.60 |
% |
Shareholders also approved the re-appointment of
Deloitte LLP as auditors of the Company for the ensuing year at the
remuneration to be fixed by the directors. Final results for
all matters voted on at the AGM will be filed on SEDAR at
www.sedar.com and on the Company's website.
Management Updates
The Company announces the following updates to
its senior management team.
Yong-Jae Kim has joined Silvercorp as General
Counsel and Corporate Secretary. Mr. Kim has extensive
experience as legal counsel. He was a partner at Gowling WLG
(Canada) LLP, where he advised a number of large companies in the
resource sector active in various international
jurisdictions. He will be responsible for overseeing the
legal function Company-wide and providing strategic legal advice to
management and the Company’s board of directors.
Lon Shaver has joined Silvercorp as Vice
President. Mr. Shaver has over 25 years of capital markets
and corporate finance experience, mostly focused on the Canadian
mining sector, including investment banking roles with Raymond
James and Merrill Lynch where he guided numerous corporate clients
through financing and M&A transactions. He will have
responsibilities in investor relations and corporate
development.
Luke Liu has resigned as Vice President of China
Operations and Lorne Waldman resigned as Senior Vice President of
the Company. The Company thanks Mr. Liu and Mr. Waldman for
their contributions, and wishes them continued success.
About Silvercorp
Silvercorp is a low-cost silver-producing
Canadian mining company with multiple mines in China. The Company’s
vision is to deliver shareholder value by focusing on the
acquisition of under developed projects with resource potential and
the ability to grow organically. For more information, please
visit our website at www.silvercorp.ca.
For further information
Lon ShaverVice PresidentSilvercorp Metals
Inc.
Phone: (604) 669-9397Toll Free: 1(888)
224-1881Email: investor@silvercorp.ca Website:
www.silvercorp.ca
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