Champion Iron Announces FY2022 Annual General Meeting Voting Results
PRESS RELEASE
CHAMPION IRON ANNOUNCES FY2022 ANNUAL GENERAL MEETING
VOTING RESULTS
Montréal, August 2 4, 202 2 - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) (“Champion” or the “Company”) advises that at the
Annual General Meeting of the Company’s shareholders (the “Meeting”), which was held in person on Wednesday, August 2 4, 202 2 at
6:00 PM (Montréal time) / Thursday, August 25, 2022 at 8:00 AM (Sydney time), the following resolutions were passed by the requisite majorities
by a vote by ballot as follows:
Resolution
Votes
For
Votes
Against
Votes
Abstain/Exclude
1. Approval of the Remuneration
Report
236,923,675
(75.41%)
77,250,321
(24.59%) 52,528,661 (1)
2. Appointment of Director
– Michael O’Keeffe
343,875,764
(93.78%)
22,816,124
(6.22%) 10,769 (2)
3. Appointment of Director
– David Cataford
364,597,697
(99.43%)
2,092,691
(0.57%) 12,269 (2)
4. Appointment of Director
– Andrew J. Love
329,540,133
(99.06%)
3,117,536
(0.94%) 1,651,431 (2)
5. Appointment of Director
– Gary Lawler
342,500,841
(93.41%)
24,175,372
(6.59%) 26,444 (2)
6. Appointment of Director
– Michelle Cormier
351,330,221
(95.81%)
15,360,167
(4.19%) 12,269 (2)
7. Appointment of Director
– Wayne Wouters
364,467,701
(99.40%)
2,207,240
(0.60%) 27,716 (2)
8. Appointment of Director
– Jyothish George
364,694,591
(99.46%)
1,981,509
(0.54%) 26,557 (2)
9. Appointment of Director
– Louise Grondin
365,211,850
(99.60%)
1,478,414
(0.40%) 12,393 (2)
10. Approval of Amendments to
the Company’s Constitution
284,201,677
(77.57%)
82,191,219
(22.43%) 309,761 (2)
Notes: (1) Represents votes held directly or indirectly by: members of Champion’s Board of Directors (including their closely related parties)
and Champion's Key Management Personnel (including their closely related parties), whether in their own name or as proxies, and votes
exercised by the Chair on the basis of an undirected proxy (where the proxy did not expressly give the Chair the power to do so), all of
which were excluded from voting plus 132,974 Ordinary Shares which abstained from voting.
(2) Represents Ordinary Shares which abstained from voting.
At the Meeting, the total number of Ordinary Shares represented in person or by proxy was 366,702,657 , representing approximately 70.90% of
the issued and outstanding Ordinary Shares.
A live audio webcast was also available during the meeting and the webc ast recording will be accessible shortly through Champion’s
website at www.championiron.com/investors/events-presentations.
For further details, visit the Company’s filings on SEDAR at www.sedar.com.
About Champion Iron Limited
Champion Iron Limited, through its subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the
south end of the Labrador Trough, approximately 13 km north of Fermont, Québec. Bloom Lake is an open -pit operation with two
concentrators that primarily source energy from renewable hydroelectric power. The Bloom Lake Phase I and Phase II plants hav e a
combined nameplate capacity of 15 Mtpa and produce a low contaminant high-grade 66.2% Fe iron ore concentrate with a proven ability
to produce a 67.5% Fe direct reduction quality concentrate. Bloom Lake’s high-grade and low contaminant iron ore products have attracted
a premium to the Platts IODEX 62% Fe iron ore benchmark. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship
loading port in Sept -Îles, Québec, and sells its iron ore concentrate to customers globally, including in China, Japan, the Middle
East, Europe, South Korea, India and Canada. In addition to the Bloom Lake Mining Complex, Champion owns a portfolio of exploration and
development projects in the Labrador Trough, including the Kamistiatusset Project located a few kilometres south -east of Bloom Lake,
and the Consolidated Fire Lake North iron ore project, located approximately 40 km south of Bloom Lake.
For further information , please contact:
Michael Marcotte, CFA
Senior Vice-President, Corporate Development and Capital Markets
514-316-4858, Ext. 128
For additional information on Champion Iron Limited, please visit our website at: www.championiron.com.
This press release has been authorized for release to the market by the CEO of Champion Iron Limited, David Cataford.