Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS)
announced the voting results from its 2020 Annual General and
Special Meeting ("AGM") held April 29, 2020 in Vancouver, British
Columbia. A total of 263,980,673 common shares were voted at the
meeting, representing 65.99% of the votes attached to all
outstanding common shares. Shareholders voted in favour of all
items of business before the meeting, as follows:
Number of Directors
% For
% Against
Number of Directors to be set at
seven
99.43
0.57
Election of Directors
% of Votes For
% of Votes Withheld
George L. Brack
99.21
0.79
Robert J. Gallagher
99.19
0.81
Peter G. Meredith
99.26
0.74
Dale C. Peniuk
99.24
0.76
Darren M. Pylot
99.27
0.73
SeungWan Shon
99.25
0.75
Richard N. Zimmer
90.48
9.52
Appointment of
Auditors
% For
% Withheld
To appoint Deloitte LLP as
Auditors of the Company for the ensuing year and to authorize the
Directors to fix their remuneration
99.53
0.47
Approve All Unallocated
Entitlements
% For
% Against
Approve Capstone to grant all
unallocated entitlements, including options and bonus shares, under
Capstone’s Incentive Stock Option and Bonus Share Plan, as amended
from time to time (the “Plan”) in accordance with its terms until
April 29, 2023.
94.65
5.35
Advisory Vote on Executive
Compensation
% For
% Against
To pass an advisory vote on
Capstone’s approach to executive compensation (“Say on Pay”)
94.76
5.24
Detailed voting results for the 2020 AGM are available on SEDAR
at www.sedar.com.
ABOUT CAPSTONE MINING CORP.
Capstone Mining Corp. is a Canadian base metals mining company,
focused on copper. We are committed to the responsible development
of our assets and the environments in which we operate. Our two
producing mines are the Pinto Valley copper mine located in
Arizona, US and the Cozamin copper-silver mine in Zacatecas State,
Mexico. In addition, Capstone has the large scale 70% owned
copper-iron Santo Domingo development project in Region III, Chile
in partnership with Korea Resources Corporation, as well as a
portfolio of exploration properties. Capstone's strategy is to
focus on the optimization of operations and assets in politically
stable, mining-friendly regions, centred in the Americas. Our
headquarters are in Vancouver, Canada and we are listed on the
Toronto Stock Exchange (TSX). Further information is available at
www.capstonemining.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This document may contain “forward-looking information” within
the meaning of Canadian securities legislation and “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
“forward-looking statements”). These forward-looking statements are
made as of the date of this document and the Company does not
intend, and does not assume any obligation, to update these
forward-looking statements, except as required under applicable
securities legislation.
Forward-looking statements relate to future events or future
performance and reflect our expectations or beliefs regarding
future events and the impacts of the ongoing and evolving COVID-19
pandemic. Forward-looking statements include, but are not limited
to, statements with respect to the estimation of Mineral Resources
and Mineral Reserves, the realization of Mineral Reserve estimates,
the timing and amount of estimated future production, costs of
production and capital expenditures, the success of our mining
operations, the continuing success of mineral exploration,
Capstone’s ability to fund future exploration activities,
environmental risks, unanticipated reclamation expenses and title
disputes. The potential effects of the COVID-19 pandemic on our
business and operations are unknown at this time, including
Capstone’s ability to manage challenges and restrictions arising
from COVID-19 in the communities in which Capstone operates and our
ability to continue to safely operate and to safely return our
business to normal operations. The impact of COVID-19 to Capstone
is dependent on a number of factors outside of our control and
knowledge, including the effectiveness of the measures taken by
public health and governmental authorities to combat the spread of
the disease, global economic uncertainties and outlook due to the
disease, and the evolving restrictions relating to mining
activities and to travel in certain jurisdictions in which we
operate.
In certain cases, forward-looking statements can be identified
by the use of words such as “plans”, “expects”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”,
“believes” or variations of such words and phrases, or statements
that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved” or the
negative of these terms or comparable terminology. In this document
certain forward-looking statements are identified by words
including “anticipated”, “guidance”, “plan” and “expected”. By
their very nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, amongst others, risks related to inherent hazards
associated with mining operations and closure of mining projects,
future prices of copper and other metals, compliance with financial
covenants, surety bonding, our ability to raise capital, Capstone’s
ability to acquire properties for growth, counterparty risks
associated with sales of our metals, use of financial derivative
instruments and associated counterparty risks, foreign currency
exchange rate fluctuations, market access restrictions or tariffs,
changes in general economic conditions, accuracy of Mineral
Resource and Mineral Reserve estimates, operating in foreign
jurisdictions with risk of changes to governmental regulation,
compliance with governmental regulations, compliance with
environmental laws and regulations, reliance on approvals, licenses
and permits from governmental authorities, acting as Indemnitor for
Minto Exploration Ltd.’s surety bond obligations post divestiture,
impact of climatic conditions on our Pinto Valley and Cozamin
operations, aboriginal title claims and rights to consultation and
accommodation, land reclamation and mine closure obligations, risks
relating to widespread epidemics or pandemic outbreak including the
COVID-19 pandemic; the impact of COVID-19 on our workforce,
suppliers and other essential resources and what effect those
impacts, if they occur, would have on our business, including our
ability to access goods and supplies, the ability to transport our
products and impacts on employee productivity, the risks in
connection with the operations, cash flow and results of Capstone
relating to the unknown duration and impact of the COVID-19
pandemic, uncertainties and risks related to the potential
development of the Santo Domingo Project, increased operating and
capital costs, challenges to title to our mineral properties,
maintaining ongoing social license to operate, dependence on key
management personnel, potential conflicts of interest involving our
directors and officers, corruption and bribery, limitations
inherent in our insurance coverage, labour relations, increasing
energy prices, competition in the mining industry, risks associated
with joint venture partners, our ability to integrate new
acquisitions into our operations, cybersecurity threats, legal
proceedings, and other risks of the mining industry as well as
those factors detailed from time to time in the Company’s interim
and annual financial statements and MD&A of those statements,
all of which are filed and available for review under the Company’s
profile on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause our actual
results, performance or achievements to differ materially from
those described in our forward-looking statements, there may be
other factors that cause our results, performance or achievements
not to be as anticipated, estimated or intended. There can be no
assurance that our forward-looking statements will prove to be
accurate, as our actual results, performance or achievements could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on our
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200429005991/en/
Jerrold Annett, VP, Strategy and Capital Markets 647-273-7351
jannett@capstonemining.com
Virginia Morgan, Manager, IR and Communications 604-674-2268
vmorgan@capstonemining.com
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