Tanzanian Royalty Reports Annual Meeting Voting Results
02 March 2018 - 9:30AM
Tanzanian Royalty Exploration Corporation (TSX:TNX) (NYSE MKT:TRX)
(the "Company") announces the voting results from its 2018 annual
and special meeting held on February 28, 2018.
A total of 60,967,489 common shares were voted
representing 49.79% of the issued and outstanding common shares of
the Company. Shareholders voted in favour of all items of
business before the Meeting, as follows:
Item Voted Upon |
Result of Vote |
Ordinary resolution to set the number of directors for
the ensuing year at five. |
On a show of hands, shareholders approved the
resolution. Proxies: |
Votes For |
Votes Against |
58,944,321 (97.64%) |
1,425,006 (2.36%) |
Ordinary resolution to elect the following nominees as
Directors: |
On a show of hands, shareholders approved the
resolution. Proxies: |
James E. Sinclair |
Votes For |
Votes Withheld |
21,264,869 (94.57%) |
1,221,586 (5.43%) |
Norman Betts |
Votes For |
Votes Withheld |
21,520,198 (95.70%) |
966,257 (4.30%) |
William Harvey |
Votes For |
Votes Withheld |
21,433,321 (95.32%) |
1,053,134 (4.68%) |
Rosalind Morrow |
Votes For |
Votes Withheld |
21,533,600 (95.76%) |
952,855 (4.24%) |
Ulrich E. Rath |
Votes For |
Votes Withheld |
21,464,945 (95.46%) |
1,201,510 (4.54%) |
Ordinary resolution to approve the appointment of Dale
Matheson Carr-Hilton Labonte LLE, Chartered Accountants, as
auditors and authorize the directors to fix the remuneration of the
auditors. |
On a show of hands, shareholders approved the
resolution. Proxies: |
Votes For |
Votes Withheld |
58,621,700 (97.11%) |
1,747,639 (2.89%) |
Ordinary resolution to approve and ratify the adoption of the 2018
incentive stock option plan. |
Shareholders approved the resolution by way of a ballot
Ballot: |
|
Votes For |
Votes Against |
20,051,146 (86.86%) |
3,033,459 (13.41%) |
Special resolution to approve and ratify grant of stock options to
directors, officers, employees and consultants |
Shareholders approved the resolution by way of a ballot
Ballot: |
|
Votes For |
Votes Against |
55,065,133 (90.32%) |
5,902,355 (9.68%) |
For more information and updates, please see the
Company website at:www.tanzanianroyalty.com
Respectfully Submitted,
"James E. Sinclair"
James E. SinclairExecutive Chairman
Tanzanian Royalty Exploration
Corporation
For further information, please contact Investor
Relations:
m.martin@tanzanianroyalty.com860-248-0999
Cautionary Note Regarding
Forward-looking StatementsCertain of the statements made
herein may contain forward-looking statements or information within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities laws. Often,
but not always, forward-looking statements and forward-looking
information can be identified using words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the
negatives thereof 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.
Forward-looking statements or information herein include, but are
not limited to the Positive Feasibility Study on Buckreef.
Forward-looking statements and forward-looking
information by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information. We have made
certain assumptions about the forward-looking statements and
information and even though our management believes that the
assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that the forward-looking statement or information will prove to be
accurate. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or
information. These risks, uncertainties and other factors
include, among others, the following: gold price volatility;
discrepancies between actual and estimated production, mineral
reserves and resources and metallurgical recoveries; mining
operational and development risk; litigation risks; regulatory
restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; currency fluctuations;
speculative nature of gold exploration; global economic climate;
dilution; share price volatility; competition; loss of key
employees; additional funding requirements; and defective title to
mineral claims or property, as well as those factors discussed in
the sections entitled "Forward-Looking Statements" and "Risk
Factors" in the Company's Form 20-F Annual Report dated November
25, 2016.
There can be no assurance that forward-looking
statements or information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, you should not
place undue reliance on the forward-looking statements or
information contained herein. Except as required by law, we
do not expect to update forward-looking statements and information
continually as conditions change and you are referred to the full
discussion of the Company's business contained in the Company's
reports filed with the securities regulatory authorities in Canada
and the U.S.
Cautionary Note Regarding Mineral
Reserves and Mineral ResourcesThe terms "Mineral Reserve",
"Proven Mineral Reserve" and "Probable Mineral Reserve" used in
this release are Canadian mining terms as defined in accordance
with National Instrument 43-101 – Standards of Disclosure for
Mineral Projects under the guidelines set out in the Canadian
Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards
on Mineral Resources and Mineral Reserves, adopted by the CIM
Council on August 20, 2000 as may be amended from time to time by
the CIM. These definitions differ from the definitions in the
United States Securities Exchange Commission ("SEC") Guide 7.
In the United States, a mineral reserve is defined as a part of a
mineral deposit which could be economically and legally extracted
or produced at the time the mineral reserve determination is
made.
The terms "Mineral Resource", "Measured Mineral
Resource", "Indicated Mineral Resource", "Inferred Mineral
Resource" used in this release are Canadian mining terms as defined
in accordance with National Instruction 43-101 – Standards of
Disclosure for Mineral Projects under the guidelines set out in the
CIM Standards. Mineral Resources which are not Mineral Reserves do
not have demonstrated economic viability.
For a detailed discussion of Buckreef resource
and reserve estimates and related matters see the Company's
reports, including the Form 20-F Annual Report dated November 25,
2016 and technical reports filed under the Company's name at our
website at: www.TanzanianRoyalty.com.
Cautionary Note to US Investors
Concerning Estimates of Measured, Indicated and Inferred
ResourcesNote to U.S. Investors. While the terms
"mineral resource", "measured mineral resource," "indicated mineral
resource", and "inferred mineral resource" are recognized and
required by Canadian regulations, they are not defined terms under
standards in the United States and normally are not permitted to be
used in reports and registration statements filed with the
SEC. As such, information contained in this report concerning
descriptions of mineralization and resources under Canadian
standards may not be comparable to similar information made public
by U.S companies in SEC filings. With respect to "indicated
mineral resource" and "inferred mineral resource" there is a great
amount of uncertainty as to their existence and a great uncertainty
as to their economic and legal feasibility. It cannot be
assumed that all or any part of an "indicated mineral resource" or
"inferred mineral resource" will ever be upgraded to a higher
category. Investors are cautioned not to assume that any part
or all mineral deposits in these categories will ever be converted
into reserves.
There can be no assurance that forward-looking
statements or information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, you should not
place undue reliance on the forward-looking statements or
information contained herein. Except as required by law, we
do not expect to update forward-looking statements and information
continually as conditions change and you are referred to the full
discussion of the Company's business contained in the Company's
reports filed with the securities regulatory authorities in Canada
and the U.S.
TRX Gold (TSX:TNX)
Historical Stock Chart
From Apr 2024 to May 2024
TRX Gold (TSX:TNX)
Historical Stock Chart
From May 2023 to May 2024