Capstone Announces 2020 Annual General and Special Meeting Results
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April 29, 2020
Capstone Announces 2020 Annual General and Special Meeting Results
Vancouver, British Columbia - Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) announced the
voting results from its 2020 Annual General and Special Meeting ("AGM") held April 29, 2020 in Vancouver,
British Columbia. A total of 263,980,673 common shares were voted at the meeting, representing 65.99% of the
votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the
meeting, as follows:
Number of Directors % For % Against
Number of Directors to be set at seven 99.43 0.57
Election of Directors % of Votes For % of Votes Withheld
George L. Brack 99.21 0.79
Robert J. Gallagher 99.19 0.81
Peter G. Meredith 99.26 0.74
Dale C. Peniuk 99.24 0.76
Darren M. Pylot 99.27 0.73
SeungWan Shon 99.25 0.75
Richard N. Zimmer 90.48 9.52
Appointment of Auditors % For % Withheld
To appoint Deloitte LLP as Auditors of the Company for the
ensuing year and to authorize the Directors to fix their
remuneration
99.53 0.47
Approve All Unallocated Entitlements % For % Against
Approve Capstone to grant all unallocated entitlements,
including options and bonus shares, under Capstone’s
Incentive Stock Option and Bonus Share Plan, as amended
from time to time (the “Plan”) in accordance with its terms
until April 29, 2023.
94.65 5.35
Advisory Vote on Executive Compensation % For % Against
To pass an advisory vote on Capstone’s approach to
executive compensation (“Say on Pay”) 94.76 5.24
Detailed voting results for the 2020 AGM are available on SEDAR at www.sedar.com.
ABOUT CAPSTONE MINING CORP.
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the
responsible development of our assets and the environments in which we operate. Our two producing mines are
the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State,
Mexico. In addition, Capstone has the large scale 70% owned copper-iron Santo Domingo development project in
Region III, Chile in partnership with Korea Resources Corporation, as well as a p ortfolio of exploration properties.
Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining- friendly
Suite 2100 – 510 West Georgia Street
Vancouver, BC, V6B 0M3, Canada
Tel: 604-684-8894 Fax: 604-688-2180
www.capstonemining.com
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regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Tor onto
Stock Exchange (TSX). Further information is available at www.capstonemining.com.
For further information please contact:
Jerrold Annett, VP, Strategy and Capital Markets
647-273-7351
Virginia Morgan, Manager, IR and Communications
604-674-2268
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This document may contain “forward-looking information” within the meaning of Canadian securities legislation and “forward-
looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively,
“forward-looking statements”). These forward-looking statements are made as of the date of this document and the Company
does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under
applicable securities legislation.
Forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding
future events and the impacts of the ongoing and evolving COVID-19 pandemic. Forward-looking statements include, but are
not limited to, statements with respect to the estimation of Mineral Resources and Mineral Reserves, the realization of Mineral
Reserve estimates, the timing and amount of estimated future production, costs of production and capital expenditures, the
success of our mining operations, the continuing success of mineral exploration, Capstone’s ability to fund future exploration
activities, environmental risks, unanticipated reclamation expenses and title disputes. The potential effects of the COVID-19
pandemic on our business and operations are unknown at this time, including Capstone’s ability to manage challenges and
restrictions arising from COVID-19 in the communities in which Capstone operates and our ability to continue to safely operate
and to safely return our business to normal operations. The impact of COVID-19 to Capstone is dependent on a number of
factors outside of our control and knowledge, including the effectiveness of the measures taken by public health and
governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease,
and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which we operate.
In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and phrases, or statements
that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative
of these terms or comparable terminology. In this document certain forward-looking statements are identified by words
including “anticipated”, “guidance”, “plan” and “expected”. By their very nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be
materially different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Such factors include, amongst others, risks related to inherent hazards associated with mining operations and
closure of mining projects, future prices of copper and other metals, compliance with financial covenants, surety bonding, our
ability to raise capital, Capstone’s ability to acquire properties for growth, counterparty risks associated with sales of our
metals, use of financial derivative instruments and associated counterparty risks, foreign currency exchange rate fluctuations,
market access restrictions or tariffs, changes in general economic conditions, accuracy of Mineral Resource and Mineral
Reserve estimates, operating in foreign jurisdictions with risk of changes to governmental regulation, compliance with
governmental regulations, compliance with environmental laws and regulations, reliance on approvals, licenses and permits
from governmental authorities, acting as Indemnitor for Minto Exploration Ltd.’s surety bond obligations post divestiture, impact
of climatic conditions on our Pinto Valley and Cozamin operations, aboriginal title claims and rights to consultation and
accommodation, land reclamation and mine closure obligations, risks relating to widespread epidemics or pandemic outbreak
including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and
what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the
ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow
and results of Capstone relating to the unknown duration and impact of the COVID-19 pandemic, uncertainties and risks
related to the potential development of the Santo Domingo Project, increased operating and capital costs, challenges to title to
our mineral properties, maintaining ongoing social license to operate, dependence on key management personnel, potential
conflicts of interest involving our directors and officers, corruption and bribery, limitations inherent in our insurance coverage,
labour relations, increasing energy prices, competition in the mining industry, risks associated with joint venture partners, our
ability to integrate new acquisitions into our operations, cybersecurity threats, legal proceedings, and other risks of the mining
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industry as well as those factors detailed from time to time in the Company’s interim and annual financial statements and
MD&A of those statements, all of which are filed and available for review under the Company’s profile on SEDAR at
www.sedar.com. Although the Company has attempted to identify important factors that could cause our actual results,
performance or achievements to differ materially from those described in our forward-looking statements, there may be other
factors that cause our results, performance or achievements not to be as anticipated, estimated or intended. There can be no
assurance that our forward-looking statements will prove to be accurate, as our actual results, performance or achievements
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on our
forward-looking statements.