Euro Manganese Announces Results of Annual General and Special Meeting
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NR 2022-07
For Immediate Release
Euro Manganese Announces Results of Annual General and Special Meeting
Vancouver, Canada (February 25, 2022) – Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF;
Frankfurt: E06) (the "Company" or "EMN") is pleased to announce that shareholders have voted in favour
of all matters of business brought before them at the Company 's Annual General & Special Meeting of
shareholders (the "Meeting") held on February 25, 2022. Detailed results of the voting from the Meeting
are set out below.
In respect of election of the Company's directors, all five management nominees standing for re-election
were elected as set out below based on a vote conducted by ballot:
Nominee Total Votes
Cast Votes For % For Votes Withheld
(Abstained)
% Withheld
(Abstained)
John Webster 132,618,497 96,614,242 72.85 36,004,255 27.15
Matthew P. James 132,618,497 114,465,603 86.31 18,152,894 13.69
David B. Dreisinger 132,618,497 130,676,402 98.54 1,942,095 1.46
Gregory P. Martyr 132,618,497 103,392,115 77.96 29,226,381 22.04
Thomas M. Stepien 132,618,497 132,239,702 99.71 378,795 0.29
Other matters of business at the Meeting, all of which were also carried out and decided by ballot, were
approved as set out below:
Total Votes Votes For % For Votes
Against % Against
Votes
Withheld
/Abstained
Resolution 2 –
Appointment of
Pricewaterhouse-
Coopers LLP as
Auditors of the
Company
133,353,400 133,100,996 99.81 Nil Nil 252,404
Resolution 3 –
Re-approval of the
Company's Stock
Option Plan (1)
132,618,497 132,306,374 99.76 309,923 0.23 2,200
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Total Votes Votes For % For Votes
Against % Against
Votes
Withheld
/Abstained
Resolution 4 –
Approval of
Amendments to
the Company's
Stock Option Plan(2)
132,618,497 132,279,843 99.74 316,454 0.24 22,200
Resolution 5 – for
purposes of Listing
Rule 7.4 of the
Australian Stock
Exchange ("ASX"),
ratification and
approval of the
issuance of
17,800,000 Shares
pursuant to a
Placement with the
European Bank for
Reconstruction and
Development (3)
132,618,497 132,323,749 99.78 270,548 0.20 24,200
(1) In accordance with the rules of the ASX, shareholders of the Company also approved the Company's stock option plan
(Resolution 3) by a majority of the votes cast, with the 3,587,243 votes cast by directors of the Company excluded from
the vote. Based on this exclusion, the total number of votes c ast for Resolution 3 was 129,031,254, o f which
128,719,131 votes were cast for the resolution, representing 9 9.76% of the total votes cast, and 309,923 votes were
cast against the resolution, representing 0.24% of the total votes cast.
(2) In accordance with the rules of the ASX, shareholders of the Company also approved the amendments to the Company's
stock option plan by a majority of the votes cast, with the 3,587,243 votes cast by directors of the Company excluded
from the vote. Based on this exclusion , the total number of votes cast for Resolution 4 was 129,031,254, of which
128,692,600 votes were cast for the resolution, representing 99.74% of the total votes cast , and 316,454 votes were
cast against the resolution, representing 0.25% of the total votes cast.
(3) In accordance with the rules of the ASX, the Company is required to disregard any votes cast in favour of Resolution 5
by the European Bank for Reconstruction and Development ("EBRD") or any associates of EBRD. No votes were cast in
favour of Resolution 5 by EBRD or any associates of EBRD, which results in a total of 132,618,497 Shares being voted in
connection with Resolution 5.
In accordance with ASX Listing Rule 3.13.2(e), the following information is being provided for t he
aggregate number of securities for which valid proxies were received before the Meeting:
Nominee Total Proxies Received
Proxy
directed to
vote For
Proxy
directed
to vote
Against
Proxy
directed to
Abstained
Proxy
could vote
at their
discretion
Resolution 1 –
Election of
directors:
John Webster 130,842,497 94,838,242 N/A 36,004,255 Nil
Matthew P.
James 130,842,497 112,689,603 N/A 18,152,894 Nil
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Nominee Total Proxies Received
Proxy
directed to
vote For
Proxy
directed
to vote
Against
Proxy
directed to
Abstained
Proxy
could vote
at their
discretion
David B.
Dreisinger 130,842,497 128,900,402 N/A 1,942,095 Nil
Gregory P.
Martyr
130,842,497 101,616,115 N/A 29,226,382 Nil
Thomas M.
Stepien 130,842,497 130,463,702 N/A 378,795 Nil
Resolution 2 –
Appointment of
Pricewaterhouse-
Coopers LLP as
Auditors of the
Company
131,577,400 131,324,996 N/A 252,404 Nil
Resolution 3 –
Re-approval of the
Company's Stock
Option Plan (1)
127,255,254 126,943,131 309,923 2,200 Nil
Resolution 4 –
Approval of
Amendments to
the Company's
Stock Option
Plan(1)
127,255,254 126,916,600 316,454 22,200 Nil
Resolution 5 –
Ratification and
approval of the
issuance of
17,800,000 Shares
pursuant to a
Placement with
the EBRD (2)
130,842,497 130,547,749 270,548 24,200 Nil
(1) Excludes 3,587,243 votes cast by proxy by directors of the Company.
(2) Excludes nil votes by EBRD or any associates of EBRD.
A total of 132,618,497 common shares were voted in connection with the election of the directors and
for resolutions 3, 4 and 5 above, representing approximately 35.09% of the issued and outstanding
common shares of the Company eligible to vote at the Meeting. A total of 133,353,400 common shares
were voted in connection with resolution 2 above, representing approximately 35.28% of the issued and
outstanding common shares of the Company eligible to vote at the Meeting . The results of all matters
considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR
at www.sedar.com.
About Euro Manganese Inc.
Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development
of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-
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processing a significant manganese deposit hosted in mine tailings from a decommissioned mine ,
strategically located in the Czech Republic. The Company’s goal is to become a leading, competitive and
environmentally superior primary producer of ultra -high-purity Manganese Products in the heart of
Europe, serving the lithium-ion battery industry, as well as other high-technology applications.
Authorized for release by the CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) or the ASX acce pts responsibility for the adequacy or accuracy of this
release.
Contact:
Euro Manganese Inc.
Matthew James Fausto Taddei
President & CEO Vice President, Corporate Development
+44 747 229 66 88 & Corporate Secretary
+604-681-1010 ext. 105
E-mail: [email protected]
Website: www.mn25.ca
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8