Benz Mining Corp. Announces Results of Annual General and Special Shareholder Meeting
Benz Mining Corp. Announces Results of
Annual General and Special Shareholder
Meeting
Toronto, Ontario--(Newsfile Corp. - December 7, 2023) -
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 Friday, December 8, 2023, 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 3, 2023, were approved
by the requisite majority of votes cast at the Meeting.
A total of 37,708,798 common shares were voted at the Meeting, representing approximately 22.29% 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 authorised for release by the Board of Benz Mining Corp.
For more information please contact:
Mark Lynch-Staunton
Chief Development Officer
Benz Mining Corp.
+61 8 6143 6702
Dannika Warburton
Principal
Investability Partners
+61 401 094 261
About Benz Mining Corp.
Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) brings together an experienced team of geoscientists and
finance professionals with a focused strategy to unlock the immense mineral potential of the Upper
Eastmain Greenstone Belt in Northern Quebec, which is prospective for gold, lithium, nickel, copper, and
other high-value minerals. Benz is earning a 100% interest in the former producing high grade Eastmain
gold mine, Ruby Hill West and Ruby Hill East projects in Quebec and owns 100% of the Windy Mountain
project.
At the Eastmain Gold Project, Benz has identified a combination of over 380 modelled in-hole and off-
hole DHEM conductors over a strike length of 6km which is open in all directions (final interpretation of
some of the conductors still pending).
In 2021, Benz confirmed the presence of visible spodumene in a pegmatite at the Ruby Hill West
Project, indicating lithium mineralisation which Benz intends to further explore in 2022.
Benz tenure over Upper Eastmain Greenstone Belt on simplified geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/190360_6c04349cd44acb48_001full.jpg
About Eastmain Gold Project
The Eastmain Gold Project, situated on the Upper Eastmain Greenstone Belt in Quebec, Canada,
currently hosts a NI 43-101 and JORC (2012) compliant resource of 1Moz at 6.1g/t gold (Indicated:
384koz at 9.0g/t gold, Inferred: 621koz at 5.1g/t gold). The existing gold mineralisation is associated with
15-20% semi-massive to massive pyrrhotite, pyrite and chalcopyrite in highly deformed and altered
rocks making it amenable to detection using electromagnetic techniques.
Multiple gold occurrences
have been identified by previous explorers over a 12km long zone along strike from the Eastmain Mine
with very limited but highly encouraging testing outside the existing resource area.
About Ruby Hill West Lithium Project
The Ruby Hill West Lithium project is a surface occurrence of spodumene bearing pegmatite within the
Ruby Hill West project, located 50km due west of the Eastmain exploration camp. The occurrence was
first sampled in 2016 by Eastmain Resources and then by Quebec government geologists in 2018.
Only
limited sampling was conducted by both groups.
In March 2022 Benz conducted a drilling program at the Ruby Hill West lithium pegmatite prospect and
reported a
31.2m at 0.9% Li
2
O
interval of visible spodumene rich pegmatite in the drilling (ASX & TSX-
V releases dated 29 April 2022 "Multiple spodumene pegmatites intersected at Ruby Hill West").
Competent Person's Statement:
The information in this announcement that relates to historical
exploration results was first reported to the ASX in accordance with ASX Listing Rule 5.7. 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.
The mineral resource estimate in this announcement was reported by the Company in accordance with
ASX Listing Rule 5.8 on 24 May 2023. The Company confirms it is not aware of any new information or
data that materially affects the information included in the previous announcement and that all material
assumptions and technical parameters underpinning the estimates in the previous announcement
continue to apply and have not materially changed.
Forward-Looking Information:
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
37,705,648
99.99%
3,150
0.01%
-
37,705,648
99.99%
3,150
0.01%
-
-
2.1 Election of Director
-
Evan Cranston
Passed
Poll
33,203,298
88.05%
N/A
4,505,500
11.95%
33,203,298
88.05%
N/A
4,505,500
11.95%
-
2.2 Election of Director
-
Mathew O'Hara
Passed
Poll
33,205,798
88.06%
N/A
4,503,000
11.94%
33,205,798
88.06%
N/A
4,503,000
11.94%
-
2.3 Election of Director
-
Nicholas Tintor
Passed
Poll
33,205,798
88.06%
N/A
4,503,000
11.94%
33,205,798
88.06%
N/A
4,503,000
11.94%
-
2.4 Election of Director
-
Peter Williams
Passed
Poll
32,566,222
86.36%
N/A
5,142,576
13.64%
32,566,222
86.36%
N/A
5,142,576
13.64%
-
3. Appointment of
Auditors
Passed
Poll
37,705,798
99.99%
N/A
3,000
0.01%
37,705,798
99.99%
N/A
3,000
0.01%
-
4. Remuneration of
Auditors
Passed
Poll
37,705,648
99.99%
3,150
0.01%
-
37,705,648
99.99%
3,150
0.01%
-
-
5. Re-Approval of
Omnibus Equity
Incentive
Compensation Plan
Passed
Poll
27,851,458
85.97%
4,543,864
14.03%
5,313,476
27,851,458
85.97%
4,543,864
14.03%
5,313,476
-
6. Approval of 10%
Placement Facility
Passed
Poll
37,690,126
99.95%
18,022
0.05%
650
37,690,126
99.95%
18,022
0.05%
650
-
7. Ratification of prior
issue of 1,237,216
Shares to Fury Gold
Mines Ltd
Passed
Poll
37,688,776
99.95%
20,022
0.05%
-
37,688,776
99.95%
20,022
0.05%
-
-
*Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/190360