Founders Metals Appoints Barry Macdonald as New Director & Announces Results of AGM
Founders Metals Appoints Barry Macdonald as
New Director & Announces Results of AGM
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2025) -
Founders Metals Inc.
(TSXV: FDR)
(OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the appointment of Barry
Macdonald to the Company's Board of Directors as an Independent Director.
Founders' President & CEO, Colin Padget, commented, "We are pleased to welcome Barry to
Founders' Board of Directors. His extensive experience in finance and corporate governance will be
invaluable as we continue to grow."
Mr. Macdonald is a Fellow of the Chartered Professional Accountants of British Columbia and retired
Partner at PwC with over 40 years of experience in strategic governance, international tax, mergers and
acquisitions, and corporate finance. He is the current Board Chair of the Simon Fraser University
UniverCity Real Estate Trust, and Truvera Trust & Mortgage Corporation. Mr. Macdonald was the
2018/19 Chair of the Board of the Chartered Professional Accountants of B.C. where he led its board of
17 Directors governing 35,000 members. He is currently on the B.C. Executive of the Institute of
Corporate Directors.
The Company also announces the results from the Annual General Meeting ("AGM") held on April 8
th
,
2025, in Vancouver, British Columbia. Shareholders approved the election of all Directors and the new
appointment of Barry Macdonald. The reappointment of MS Partners LLP as the Company's auditors
and the stock option plan were also approved by shareholders. A total of 41,676,989 shares were voted,
representing 41.94% of the Company's issued and outstanding common shares at the record date of the
AGM. The following table provides detailed results of the voting.
Table 1: Voting Results for Election of Directors
Nominee
Votes For
Votes Withheld
Percentage For
Colin Padget
41,676,356
633
99.99%
Barry Macdonald
41,676,356
633
99.99%
Nicholas Stajduhar
38,696,953
2,980,036
92.85%
Kevin Vienneau
41,174,956
502,033
98.79%
Christopher Taylor
40,376,553
1,300,436
96.88%
About Founders Metals Inc.
Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold
Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares
and has produced over 500,000 ounces of gold from surface and alluvial mining to date
1
. The Company
is fully financed for up to 60,000 metres of drilling in 2025.
1
2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per:
"
Colin Padget
"
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 |
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, without limitation, statements regarding the
use of proceeds from the Company's recently completed financings and the future or prospects of the
Company. Generally, forward-looking information can be identified by the use of forward-looking
terminology 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 state that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a
number of assumptions that, while considered reasonable by management, are inherently subject to
business, market, and economic risks, uncertainties, and contingencies that may cause actual results,
performance, or achievements to be materially different from those expressed or implied by forward-
looking statements. Although the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking information, other factors may
cause results not to be as anticipated, estimated, or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
information. Other factors which could materially affect such forward-looking information are described in
the risk factors in the Company's most recent annual management discussion and analysis. The
Company does not undertake to update any forward-looking information except in accordance with
applicable securities laws.
All material information on Founders Metals can be found at
www.sedarplus.ca
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/248020