Wallbridge Mining Announces Voting Results from Annual and Special Meeting of Shareholders
09 June 2020 - 1:43AM
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7)
(“Wallbridge” or the “Company”) held its Annual and
Special Meeting of Shareholders (the “
Meeting”) on
June 5, 2020.
A total of 395,764,439 shares or 66.89% of the outstanding
shares of the Company were represented at the Meeting by proxy or
in person. All of the matters submitted to the shareholders
for approval as set out in the Company's notice of meeting and
information circular dated April 21, 2020 were approved by the
requisite majority of votes cast at the Meeting.
Voting on all matters was conducted by electronic ballot, with
the results as follows:
Item 1: To Set the Number of Directors at Nine
(9)
|
Votes
For |
Votes
Against |
|
|
Number |
Percent |
Number |
Percent |
Not Voted |
|
367,700,539 |
99.541% |
|
1,694,309 |
0.459% |
|
25,730,126 |
Item 2: Election of Directors
The following directors were elected until the next annual
meeting of shareholders or until their successors are otherwise
duly elected or appointed: Alar Soever, Faramarz (Marz) Kord,
Parviz Farsangi, W. Warren Holmes, Janet Wilkinson, Darryl Sittler,
Shawn Day, Anthony Makuch and Michael Pesner. All of the directors
received the support of more than 98% of the votes represented at
the meeting as follows:
|
Votes
For |
Votes
Withheld |
|
|
Number |
Percent |
Number |
Percent |
Not Voted |
Alar Soever |
368,883,026 |
99.861% |
|
511,822 |
0.139% |
|
25,730,126 |
Faramarz (Marz) Kord |
368,885,026 |
99.862% |
|
509,822 |
0.138% |
|
25,730,126 |
Parviz Farsangi |
362,904,426 |
98.243% |
|
6,490,422 |
1.757% |
|
25,730,126 |
W. Warren Holmes |
367,821,238 |
99.574% |
|
1,573,610 |
0.426% |
|
25,730,126 |
Janet Wilkinson |
368,835,955 |
99.849% |
|
558,893 |
0.151% |
|
25,730,126 |
Darryl Sittler |
367,628,105 |
99.522% |
|
1,766,743 |
0.478% |
|
25,730,126 |
Shawn Day |
368,599,565 |
99.785% |
|
795,283 |
0.215% |
|
25,730,126 |
Anthony Makuch |
368,746,825 |
99.825% |
|
648,023 |
0.175% |
|
25,730,126 |
Michael Pesner |
366,582,625 |
99.239% |
|
2,812,223 |
0.761% |
|
25,730,126 |
Item 3: Appointment of KPMG LLP as
Auditor of the Corporation for the ensuing year and authorizing the
Directors to fix their remuneration
|
Votes
For |
Votes
Withheld |
|
Number |
Percent |
Number |
Percent |
|
394,277,129 |
99.785% |
|
847,845 |
0.215% |
|
Item 4: New By-Law No. 1A Resolution
|
Votes
For |
Votes
Against |
|
|
Number |
Percent |
Number |
Percent |
Not Voted |
|
346,899,370 |
93.910% |
|
22,495,478 |
6.090% |
|
25,730,126 |
About Wallbridge Mining
Wallbridge is establishing a pipeline of
projects that will support sustainable 100,000-ounce-plus annual
gold production as well as organic growth through exploration and
scalability.
The Company is currently developing its
100%-owned Fenelon Gold Property, which is located along the
Detour-Fenelon Gold Trend, an emerging gold belt in northwestern
Quebec with an ongoing 70,000 to 80,000-metre exploration drill
program in 2020 and a 33,500-tonne bulk sample and 75,000 metres of
drilling completed in 2019. Wallbridge is also pursuing additional
advanced-stage projects which would add to the Company's near-term
project pipeline. Wallbridge is also the operator of, and a 16.5%
shareholder in, Loncan Canada Inc., a privately-held company with a
large portfolio of nickel, copper, and PGM projects in Ontario's
Sudbury Basin.
For further information please
visit the Company's website at www.wallbridgemining.com or
contact:
Wallbridge Mining Company
LimitedMarz Kord, P. Eng., M. Sc., MBAPresident &
CEOTel: (705) 682-9297 ext. 251Email:
mkord@wallbridgemining.com
Brian Penny, CPA, CMAChief Financial OfficerTel:
(416) 716-8346Email: bpenny@wallbridgemining.com
This press release may contain
forward-looking statements (including "forward-looking information"
within the meaning of applicable Canadian securities legislation
and "forward-looking statements" within the meaning of the US
Private Securities Litigation Reform Act of 1995) relating to,
among other things, the operations of Wallbridge and the
environment in which it operates. Generally, forward-looking
statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "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". Wallbridge has relied on a number of assumptions and
estimates in making such forward-looking statements, including,
without limitation, the costs associated with the development and
operation of its properties. Such assumptions and estimates are
made in light of the trends and conditions that are considered to
be relevant and reasonable based on information available and the
circumstances existing at this time. A number of risk factors may
cause actual results, level of activity, performance or outcomes of
such exploration and/or mine development to be materially different
from those expressed or implied by such forward-looking statements
including, without limitation, whether such discoveries will result
in commercially viable quantities of such mineralized materials,
the possibility of changes to project parameters as plans continue
to be refined, the ability to execute planned exploration and
future drilling programs, the need for additional funding to
continue exploration and development efforts, changes in general
economic, market and business conditions, and those other risks set
forth in Wallbridge's most recent annual information form under the
heading "Risk Factors" and in its other public filings.
Forward-looking statements are not guarantees of future performance
and such information is inherently subject to known and unknown
risks, uncertainties and other factors that are difficult to
predict and may be beyond the control of Wallbridge. Although
Wallbridge has attempted to identify important risks and factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors and risks that cause actions, events or
results not to be as anticipated, estimated or intended.
Consequently, undue reliance should not be placed on such
forward-looking statements. In addition, all forward-looking
statements in this press release are given as of the date
hereof.
Wallbridge disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities laws.
The forward-looking statements contained herein are expressly
qualified by this disclaimer.
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