Benz Announces Results of Annual General and Special Meeting
Benz Announces Results of Annual General
and Special Meeting
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - Benz Mining Corp. (TSXV: BZ)
(ASX: BNZ) (
Benz
or the
Company
) is pleased to announce the results of voting at its Annual General
and Special Shareholder Meeting held on Tuesday, December 17, 2024, at 10am (AWST) in Perth,
Australia (the
Meeting
).
All matters submitted to shareholders for approval as set out in the company's Notice of Annual General
and Special Meeting of Shareholders and Information Circular dated November 15, 2024, were
approved by the requisite majority of votes cast at the Meeting.
A total of 41,010,211 common shares were voted at the Meeting, representing approximately 24.25% of
the total issued and outstanding common shares of the Company as of the record date of the Meeting.
As required under ASX Listing Rule 3.13.2, we advise details of resolutions and the proxies as set out at
Appendix 1.
This announcement has been approved for release by the Board.
For more information please contact:
Mark Lynch-Staunton
Chief Executive Officer
Benz Mining Corp.
E:
T: +61 8 6143 6702
About Benz Mining Corp.
Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the
TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold
Project in Quebec, with a NI 43-101 and JORC (2012) compliant mineral resource of 1,005,000 ounces
at 6.1g/t Au, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions.
On 6 November 2024, Benz announced a binding agreement to acquire the Glenburgh and Mt Egerton
Gold Projects in Western Australia from Spartan Resources Limited (ASX: SPR). This acquisition, once
completed, will mark a transformational step, establishing Benz as a multi-jurisdictional gold exploration
company with a focus on unlocking value in underexplored assets. The Glenburgh Project features a
Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold).
Benz's key point of difference lies in its team's deep geological expertise and the use of advanced
geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to
rapidly grow its global resource base and solidify its position as a leading gold explorer across two of
the world's most prolific gold regions.
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For more information, please visit:
https://benzmining.com/
.
Competent Person's Statement (JORC Code)
The Mineral Resource Estimates for the Eastmain Project and the Glenburgh Project were previously
reported in accordance with Listing Rule 5.8 on 24 May 2023 and 6 November 2024, respectively. The
Company confirms that it is not aware of any new information or data that materially affects the
information included in the original market announcements and confirms that all material assumptions
and technical parameters underpinning the Estimates continue to apply and have not materially changed.
The Company confirms that the form and context in which the Competent Person's findings are
presented have not been materially modified from the original market announcements.
Historical Mineral Resource Estimates
All mineral resource estimates in respect of the Glenburgh Project in this news release are considered to
be "historical estimates" as defined under NI 43-101-
Standards of Disclosure for Mineral Projects
(
NI
43-101
). These historical estimates are not considered to be current and are not being treated as such.
These estimates have been prepared in accordance with the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves
Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and
Minerals Council of Australia (
JORC Code
) and have not been reported in accordance with NI 43-101.
A qualified person (as defined in NI 43-101) (
Qualified Person
) has not done sufficient work to classify
the historical estimates as current mineral resources. A Qualified Person would need to review and verify
the scientific information and conduct an analysis and reconciliation of historical data in order to verify
the historical estimates as current mineral resources.
Forward-Looking Statements
Certain statements contained in this news release may constitute "forward-looking information" as such
term is used in applicable Canadian securities laws. Forward looking information is based on plans,
expectations, and estimates of management at the date the information is provided and is subject to
certain factors and assumptions, including, that the Company's financial condition and development
plans do not change because of unforeseen events and that the Company obtains regulatory approval.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could
cause plans, estimates and actual results to vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking information in this news release to change or
to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not
to be valid or reliable, that occurrences such as those referred to above are realized and result in delays,
or cessation in planned work, that the Company's financial condition and development plans change,
and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company
as set forth in the Company's continuous disclosure filings filed under the Company's profile at
www.sedarplus.ca
. The Company undertakes no obligation to update these forward-looking statements,
other than as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Appendix 1:
The following information is provided in accordance with ASX Listing Rule 3.13.2 and
shows the number of proxy votes received prior to the Meeting. The Company notes no additional
votes were cast directly in the Meeting.
Resolution
Resolution
Result
Voting
Method
Number of votes cast in Meeting
Instructions given to validly appointed proxies
For
Against
Withheld/
Abstained*
For
Against
Withheld/
Abstained*
Discretion
1. To set the number of
Directors at four (4)
Passed
Poll
41,001,011
99.98%
9,200
0.02%
-
41,001,011
99.98%
9,200
0.02%
-
-
2.1 Election of Director -
Evan Cranston
Passed
Poll
41,007,211
99.99%
N/A
3,000
0.01%
41,007,211
99.99%
N/A
3,000
0.01%
-
2.2 Election of Director -
Mathew O'Hara
Passed
Poll
41,007,211
99.99%
N/A
3,000
0.01%
41,007,211
99.99%
N/A
3,000
0.01%
-
2.3 Election of Director -
Peter Williams
Passed
Poll
41,007,211
99.99%
N/A
3,000
0.01%
41,007,211
99.99%
N/A
3,000
0.01%
-
2.4 Election of Director -
Nick Tintor
Passed
Poll
41,007,211
99.99%
N/A
3,000
0.01%
41,007,211
99.99%
N/A
3,000
0.01%
-
3. Appointment and
Remuneration of
Auditors
Passed
Poll
41,007,211
99.99%
N/A
3,000
0.01%
41,007,211
99.99%
N/A
3,000
0.01%
-
4.
Re-Approval of
Omnibus Equity
Incentive Compensation
Plan
Passed
Poll
34,814,035
99.93%
23,200
0.07%
-
34,814,035
99.93%
23,200
0.07%
-
-
5.
Approval of 10%
Placement Facility
Passed
Poll
40,987,711
99.95%
3,500
0.01%
19,000
0.05%
40,987,711
99.95%
3,500
0.01%
19,000
0.05%
-
6. Ratification of prior
issue of Placement
Shares
Passed
Poll
40,923,711
99.79%
7,500
0.02%
79,000
0.19%
40,923,711
99.79%
7,500
0.02%
79,000
0.19%
-
7. Approval to issue
Consideration Shares to
Spartan Resources Ltd
Passed
Poll
40,967,511
99.90%
13,700
0.03%
29,000
0.07%
40,967,511
99.90%
13,700
0.03%
29,000
0.07%
-
8. Approval to issue
Milestone Consideration
Shares to Spartan
Resources Ltd
Passed
Poll
40,967,511
99.90%
13,700
0.03%
29,000
0.07%
40,967,511
99.90%
13,700
0.03%
29,000
0.07%
-
9. Approval of
Transaction Resolution
Passed
Poll
40,982,011
99.93%
3,000
0.01%
25,200
0.06%
40,982,011
99.93%
3,000
0.01%
25,200
0.06%
-
*Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
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