SilverCrest Reports Results of AGM
14 June 2014 - 2:30AM
Marketwired
SilverCrest Reports Results of AGM
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2014) -
SilverCrest Mines Inc. (the "Company") (TSX:SVL) (NYSEMKT:SVLC) is
pleased to announce the results of its Annual General Meeting of
Shareholders ("AGM") held in Vancouver, B.C.
Shareholders voted in favour of all items of business, including
the election of each director nominee by show of hands. A total of
38,023,455 votes were submitted by proxy, representing 32.03% of
the issued common shares as of the record date. The following is a
tabulation of the votes submitted by proxy:
|
Director |
Votes For |
Votes Withheld |
Percentage For |
Percentage Withheld |
|
Dunham L. Craig |
33,342,847 |
125,360 |
99.63% |
0.37% |
| J.
Scott Drever |
27,666,485 |
5,801,722 |
82.66% |
17.34% |
| N.
Eric Fier |
27,666,481 |
5,801,726 |
82.66% |
17.34% |
|
Ross O. Glanville |
31,432,810 |
2,035,397 |
93.92% |
6.08% |
|
Barney Magnusson |
26,410,473 |
7,057,734 |
78.91% |
21.09% |
|
George W. Sanders |
32,538,841 |
929,366 |
97.22% |
2.78% |
|
Graham C. Thody |
32,539,075 |
929,132 |
97.22% |
2.78% |
Shareholders also cast votes by ballot with 64.88% voted in
favour of reconfirming the Company's shareholder rights plan. In
addition, shareholders voted in favour to re-appoint Davidson &
Company, Charted Accountants, as auditor of the Company.
Mr. J. Scott Drever, Chief Executive Officer stated: "It is
particularly gratifying to have shareholders reaffirm their
confidence in management with the election of their proposed slate
of Directors. We are extremely pleased with the election of Mr.
Dunham Craig to the Board. Mr. Craig has 26 years in the mining
industry which has encompassed all aspects of mining projects and
operations, progressing from exploration discovery to feasibility,
financing, permitting, construction and production related to two
mines. He has extensive experience in Canada, Central America and
Mexico with groups such as Wheaton River Minerals Inc. and
Glencairn Gold Inc. and has worked in development, construction and
production in Latin America for over 15 years. In addition to his
"discovery to production" experience with Wheaton River Minerals,
Mr. Craig was Project, Construction & Interim Mine Manager for
a 12,000 tpd gold heap leach operation in Central America. Mr.
Craig is currently President and CEO of Geologix Explorations which
has successfully acquired and permitted a 38,000 tpd gold/copper
project in Mexico.
Mr. Craig brings to the Board a broad range of hands-on
experience in all aspects of the mining sector. His fellow
Directors and Management of the company welcome his participation
and look forward to working with him as the many exciting aspects
of the growth of SilverCrest continue to unfold."
At the Board of Directors meeting following the AGM, Mr. Graham
C. Thody was appointed Non-Executive Chairman of the Company,
replacing Mr. J. Scott Drever who had previously served as
Executive Chairman. Mr. Drever remains Chief Executive Officer and
a Director of the Company. Mr. Thomas Keating, Corporate Controller
was appointed VP Finance for the Company.
Graham C. Thody was re-appointed Chair of the Audit Committee;
George W. Sanders was re-appointed Chair of the Corporate
Governance and Nominating Committee and Ross. O. Glanville was
re-appointed Chair of the Compensation Committee. Mr. Craig
replaced Mr. Thody as a member of the Corporate Governance and
Nominating Committee.
SilverCrest Mines Inc. (NYSEMKT:SVLC) (TSX:SVL) is a Canadian
precious metals producer headquartered in Vancouver, BC.
SilverCrest's flagship property is the 100%‐owned Santa Elena Mine,
located 150 km northeast of Hermosillo, near Banamichi in the State
of Sonora, México. The mine is a high‐grade, epithermal silver and
gold producer, with an estimated life of mine of 8 years and
operating cash costs of $11 per ounce of silver equivalent (55:1
Ag:Au). SilverCrest anticipates the new 3,000 tonnes per day
conventional mill facility at the Santa Elena Mine should recover
average silver and gold annual quantities of 1.5 million ounces of
silver and 32,800 ounces of gold over the current 8 year reserve.
Exploration programs continue to make new discoveries at Santa
Elena and also have rapidly advanced the definition of a large
polymetallic deposit at the La Joya property in Durango State,
Mexico.
SilverCrest Mines Inc.Fred Cooper(604) 694-1730 ext. 108 or
1-866-691-1730(604) 694-1761info@silvercrestmines.comSilverCrest
Mines Inc.Suite 501 - 570 Granville StreetVancouver, BC Canada V6C
3P1www.silvercrestmines.com
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