Dynacor Declares August 2023 Dividend
DYNACOR DECLARES AUGUST 2023 DIVIDEND
Montreal, July 27, 2023, Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) announced
its monthly dividend for August 2023. The declaration of a dividend payment of C$0.0 1 per common
share will be payable on August 17, 2023, to shareholders of record as of the close of business on
August 10, 2023. This dividend represents the fourty first (41st) dividend and thirty first (31st) monthly
payment made to shareholders.
The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
The payment and increase of dividends are at the discretion of the Board and will depend on the
Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the
Board.
Annual Meeting Voting Results
Dynacor further announces the voting results at the shareholders’ meeting which was held o n
June 20th, 2023.
1. Election of Directors
Nominee Votes For % For Votes Withheld % Withheld
Jean Martineau 14,225,293 99.22% 111,200 0.78%
Pierre Lépine 11,317,871 78.94% 3,018,622 21.06%
Roger Demers 11,318,255 78.95% 3,018,238 21.05%
Réjean Gourde 13,969,781 97.44% 366,712 2.56%
Isabel Rocha 14,219,159 99.18% 117,334 0.82%
Philippe Chave 14,224,993 99.22% 111,500 0.78%
Rocio Rodriguez-Perrot 14,214,159 99.15% 122,334 0.85%
Cyril Gradis 14,222,327 99.20% 114,166 0.80%
2. Appointment of Raymond Chabot Grant Thornton LLP, chartered professional accountants,
as auditors of Dynacor Group Inc.
Raymond Chabot Grant Thornton LLP, chartered professional accountants, were appointed auditors of
Dynacor Group Inc. for the current year and the directors were authorized to fix their remuneration, by
show of hands.
Votes For % For Votes Withheld % Withheld
15,127,848 98.60% 215,231 1.40%
3. Amendments to the stock option plan of Dynacor Group Inc.
The amendments to the stock option plan of Dynacor Group Inc. to introduce a cashless exercise
mechanism and a net exercise mechanism for the options and to remove a reference to the addition of
a cashless exercise feature from the section to the amendment to the stock option pl an was approved
by a show of hands.
Votes For % For Votes Withheld % Withheld
13,892,021 96.90% 444,472 3.10%
ABOUT DYNACOR
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged
in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present,
Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM
miners. It also owns a gold exploration property (Tumipampa) in the Apurimac department.
The corporation intends to expand its processing operations in other jurisdictions as well.
Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of
supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium to our customer and
strategic partner for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects
for our artisanal and small-scale miner’s communities.
Dynacor is listed on the Toronto Stock Exchange (DNG).
FORWARD-LOOKING INFORMATION
Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results,
to be materially different from any future result, performance or achievement expressed or implied by such forward-looking
statements. These statements reflect management’s current expectations regarding future events and operating performance
as of the date of this news release.
Shares Outstanding: 38,344,998
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
CONTACT: For more information, please contact: