Elemental Altus Royalties Announces Results of Annual General and Special Meeting
Elemental Altus Royalties Announces Results
of Annual General and Special Meeting
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2023) - Elemental Altus Royalties Corp.
(TSXV: ELE) (OTCQX: ELEMF) ("
Elemental Altus
" or "
the
Company
"), announces the voting results
from its Annual General and Special Meeting held on September 7, 2023.
Each of the resolutions approved at the meeting were described in detail in the Company's management
information circular dated August 8, 2023, available on the SEDAR+ website at
www.sedarplus.ca
and
on the Company's website at
www.elementalaltus.com
.
Resolution
Votes
For
Votes Against
Withheld/
Abstain
% For
% Against
% Withheld/
Abstain
Election of Directors
Frederick Bell
107,646,382
0
127,103
99.88
0.00
0.12
Martin Turenne
107,634,045
0
139,440
99.87
0.00
0.13
Peter Williams
107,420,763
0
352,722
99.67
0.00
0.33
John Robins
107,655,763
0
117,722
99.89
0.00
0.11
Steven Poulton
107,651,204
0
122,281
99.89
0.00
0.11
Karim Nasr
107,658,852
0
114,633
99.89
0.00
0.11
David Netherway
107,656,653
0
116,832
99.89
0.00
0.11
Robert Milroy
107,662,763
0
110,722
99.90
0.00
0.10
Appointment of Auditors
109,725,990
0
100,655
99.91
0.00
0.09
Approval of Omnibus Plan*
99,862,549*
531,343
0
99.47
0.53
0.00
* Excluding 7,379,593 shares held by Insiders.
As set forth above, Elemental Altus is pleased to announce that at the Annual General and Special
Meeting, shareholders approved the ratifying of the Company's incentive compensation plan (the
"
Omnibus Plan
"), including (i) the setting-aside, allotting and reserving 10% of the Company's
outstanding common shares ("
Common Shares
") from time to time for issuance pursuant to the
exercise of stock options granted under the Omnibus Plan and (ii) an amendment to the Omnibus Plan to
increase the number of Common Shares that may be issued under the "fixed 10% plan" with respect to
awards of restricted share units and performance share units by 2,500,000 Common Shares, and the
setting-aside, allotting and reserving an aggregate of an additional 2,500,000 Common Shares from
time to time for issuance pursuant to such awards.
In order to comply with the TSX Venture Exchange's (the "
TSX-V
") policy 4.4 that governs security-
based compensation ("
Policy 4.4
"), the following amendments were also made to the Omnibus Plan
and approved by shareholders of the Company at the Annual General and Special Meeting, which
provide that:
i
.
the issuance, assumption, substitution or conversion of awards under the Omnibus Plan in
connection with any corporate reorganization is subject to prior acceptance of the TSX-V and
shareholder approval, except for certain specified exceptions;
ii
.
the vesting requirements of the Company's security based compensation ("
Awards
") comply with
TSX-V Policy 4.4;
iii
.
the expiry date, redemption date or settlement date of Awards is automatically extended only if
such date falls within a period (a "
Blackout Period
") during which the Company prohibits
participants ("
Participants
") in the Omnibus Plan from exercising, redeeming or settling their
Awards during the Blackout Period;
iv
.
any Awards granted or issued to any Participant to the Omnibus Plan who is a director, officer,
employee, consultant or management company employee must expire within a reasonable period,
not exceeding 12 months, following the date the Participant ceases to be an eligible Participant
under the Omnibus Plan;
v
.
the TSX-V approval will be required to accelerate the vesting dates and/or expiry dates of any
stock options when a Participant is engaged to provide investor relation services to the Company;
vi
.
no restricted share units and performance share units issued pursuant to the Omnibus Plan may
vest before the date that is one year following the date it is granted or issued;
vii
.
for any Awards that entitle Participants to receive additional Awards in lieu of dividends declared
by the Company based on their holdings of Awards other than listed Common Shares that have
already been issued, the maximum aggregate number of listed Common Shares that might
possibly be issued under the Omnibus Plan must be included in calculating the limits set forth in in
certain prescribed provisions of TSX-V Policy 4.4, and the Omnibus Plan must allow the Company
to make payment in cash if it does not have a sufficient number of listed Common Shares available
under the Omnibus Plan to satisfy its obligations in respect of such dividends;
viii
.
Awards must not entitle a Participant to any shareholder rights (including without limitation voting
rights, dividend entitlement or rights on liquidation) until such time as underlying listed Common
Shares are issued to such Participant;
ix
.
the maximum period that there will be an entitlement to make a claim after the death of a
Participant will be no greater than 12 months following the death of the Participant; and
x
.
the Company must obtain disinterested shareholder approval of any decrease in the exercise
price of or extensions to stock options granted to Participants that are insiders of the Company at
the time of the proposed amendment.
The full text of the Omnibus Plan can be found in Schedule "C" of the Company's management and
information circular, a copy of which can be found on the Company's profile at SEDAR+ website at
www.sedarplus.ca
. The Omnibus Plan remains subject to the final approval of the Exchange.
Corporate & Media Inquiries:
Jacy Zerb, VP Investor Relations
Direct: +1 604-243-6511 ext. 2700
Elemental Altus is a proud member of Discovery Group. For more information please visit:
www.discoverygroup.ca
or contact 604-646-4527.
TSX.V: ELE | OTCQX: ELEMF | ISIN: CA28619K1093 | CUSIP: 28619K109
About Elemental Altus Royalties Corp.
Elemental Altus is an income generating precious metals royalty company with 10 producing royalties
and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on
acquiring uncapped royalties and streams over producing, or near-producing, mines operated by
established counterparties, as well as generating royalties on new discoveries. The vision of Elemental
Altus is to build a global gold royalty company, offering investors superior exposure to gold with reduced
risk and a strong growth profile.
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-
V) accepts responsibility for the adequacy or accuracy of this press release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/180012