Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V;
MDW:NYSE-MKT) is pleased to announce the results of its 2013 Annual
General and Special Meeting of Shareholders (the “Meeting”) held in
Vancouver, British Columbia on June 20, 2013.
Election of
Directors:
At the Meeting, all nominees listed in the management
information and proxy circular for the Meeting were elected as
directors of the Company. Detailed results of the vote by ballot
are as follows:
Nominee
Votes For(Number)
Votes For(Percent) Votes
Withheld(Number) Votes
Withheld(Percent) Kenneth A. Brunk
101,162,229 99.84% 539,327 0.53% Martin
M. Hale, Jr. 101,087,920 99.47% 613,636 0.60% Roger A. Newell
90,557,011 89.04% 11,144,545 10.96% John W. Sheridan 100,768,988
99.08% 932,568 0.92% Frank S. Yu 101,258,402 99.56% 443,154 0.44%
Rodney D. Knutson 101,250,898 99.56% 450,658 0.44% Nathaniel E.
Klein 100,857,573 99.17% 843,983 0.83%
Number of
Directors:
At the Meeting, the shareholders approved a resolution to set
the number of directors of the Company’s board of directors at
seven. Detailed results of the vote by ballot are as follows:
132,759,527 votes for and 206,310 votes against setting the number
of directors of the Company’s board of directors at seven.
Ratification of the Appointment of
Auditors:
At the Meeting, the shareholders approved a resolution to ratify
the appointment of KPMG LLP to serve as the Company’s auditor for
the Company’s 2013 fiscal year, as follows: 125,356,369 votes for
and 8,983,477 votes against ratifying the appointment of KPMG LLP
as the Company’s auditor for the Company’s 2013 fiscal year.
Preferred Holder Director
Proposal:
Pursuant to the side letter agreement (the “Side Letter”) with
the holders of the Company’s Series A Preferred Stock, the Company
agreed to seek shareholder approval at the Meeting to amend the
Company’s Articles and Notice of Articles to permit the Series A
Preferred Holders, voting as a separate class, to nominate and
elect a director to the Company’s board of directors. At the
Meeting, the shareholders approved the resolution, as follows:
58,262,234 votes for and 5,601,483 votes against the Preferred
Holder Director Proposal.
Preferred Shares Rights
Proposal:
Under the Side Letter, the Company agreed to seek shareholder
approval to amend the Company’s Articles and Notice of Articles
such that in the event the Company is unable to redeem the
Company’s Series A Preferred Stock within two years from the
redemption date, the Company will grant the Series A Preferred
Holders the right, voting as a separate class (to the exclusion of
the holders of all other securities and classes of common stock),
to elect a majority of the Company’s board of directors. The common
shareholders voted, as follows: 35,548,443 votes for and 29,689,285
votes against the proposal.
The resolution to approve the Preferred Shares Rights Proposal,
requiring a two-thirds majority vote, was not approved, and under
the terms of the Side Letter, the Company will be required to seek
shareholder approval for the Preferred Shares Rights Proposal at
each subsequent annual or special meeting of the Company’s
shareholders until the shareholders approve the Preferred Shares
Rights Proposal.
Adoption of Stock and Incentive
Plan:
At the Meeting, the shareholders approved a resolution to
approve Midway’s 2013 Stock and Incentive Plan, as follows:
80,463,845 votes for and 21,237,711 votes against adopting Midway’s
2013 Stock and Incentive Plan.
Detailed information related to the meeting is available on the
Schedule 14A Proxy Statement filed with the United States
Securities and Exchange Commission on April 29, 2013, and available
at www.sec.gov. The Report of Voting Results with respect to all
matters voted upon at the Meeting will be available at SEDAR at
www.sedar.com.
ON BEHALF OF THE BOARD
"Kenneth A. Brunk"
Kenneth A. Brunk, Chairman, President and CEO
About Midway Gold Corp.
Midway Gold Corp. is a precious metals company with a vision to
explore, design, build and operate gold mines in a manner
accountable to all stakeholders while assuring return on
shareholder investments. For more information about Midway, please
visit our website at www.midwaygold.com or contact Jaime Wells,
Investor Relations Analyst, at (877) 475-3642 (toll-free).
Neither the TSX Venture Exchange, its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor the NYSE MKT accepts responsibility for the
adequacy or accuracy of this release.
Midway Gold Corp.Jaime Wells, (877) 475-3642 (toll-free)Investor
Relations Analyst
Midway Gold Corp. (TSXV:MDW)
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