Erdene Announces Results of Annual and Special Meeting of Shareholders
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
ERDENE ANNOUNCES RESULTS OF
ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Press Release
Halifax, Nova Scotia
2022.06.23
Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or
the “Company”) is pleased to announce its shareholders voted in favour of all items of
business brought before them at the Company's Annual and Special Meeting of
Shareholders (“Meeting”) held on June 2 2, 2022 in Dartmouth, Nova Scotia. Details of
the Meeting are provided below.
Appointment of Board and Executive
At the Meeting, shareholders voted in favour of Erdene management’s nominees to the
board of directors, with details of the proxy voting results as follows:
Nominee Votes For % For
Votes
Withheld % Withheld
Peter C. Akerley 120,337,823 100.00 0 0.00
Dr. Anna G. Biolik 120,337,823 100.00 0 0.00
John P. Byrne 120,037,823 99.75 300,000 0.25
T. Layton Croft 120,037,823 99.75 300,000 0.25
Kenneth W. MacDonald 120,037,823 99.75 300,000 0.25
Cameron McRae 120,326,301 99.99 11,522 0.01
David V. Mosher 120,337,823 100.00 0 0.00
Hedley Widdup 120,313,323 99.98 24,500 0.02
Following the Meeting, Erdene’s board of directors appointed its officers for the coming
year, namely: President and Chief Executive Officer – Peter Akerley; Chairman of the
Board – T. Layton Croft; Chief Financial Officer – Robert Jenkins ; and Corporate
Secretary – Suzan Frazer.
Auditor Re-Appointed
KPMG LLP was re-appointed Auditor of the Company to hold office until the next Meeting
or until its successor is duly appointed, and the directors were authorized to fix the
Auditor’s remuneration.
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
Approval of Unallocated Options under the Company’s Incentive Stock Option Plan
Shareholders approved all unallocated options issuable under the Company's 10%
“rolling” incentive stock option plan in accordance with the rules and policies of the
Toronto Stock Exchange.
Approval of Unallocated Deferred Stock Units (“DSUs”) under the Company’s DSU Plan
Shareholders approved all unallocated DSUs issuable under the Company's DSU Plan
in accordance with the rules and policies of the Toronto Stock Exchange.
About Erdene
Erdene Resource Development Corp. is a Canada-based resource company focused on
the acquisition, exploration, and development of precious and base metals in
underexplored and highly prospective Mongolia. The Company has interests in three
mining licenses a nd an exploration license in Southwest Mongolia, where exploration
success has led to the discovery and definition of the Khundii Gold District. Erdene
Resource Development Corp. is listed on the Toronto and the Mongolian stock exchanges.
Further informati on is available at www.erdene.com. Important information may be
disseminated exclusively via the website; investors should consult the site to access this
information.
Forward-Looking Statements
Certain information regarding Erdene contained herein may constitute forward -looking
statements within the meaning of applicable securities laws. Forward-looking statements
may include estimates, plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact. Although Erdene believes that the
expectations reflected in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to have been correct. Erdene cautions that
actual performance will be affected by a number of factors, most of which are beyond its
control, and that future events and results may vary substantially from what Erdene
currently foresees. Factors that could cause actual results to differ materially from those
in forward-looking statements include the ability to obtain required third party approvals,
market prices, exploitation and exploration results, continued availabili ty of capital and
financing and general economic, market or business conditions. The forward -looking
statements are expressly qualified in their entirety by this cautionary statement. The
information contained herein is stated as of the current date and is subject to change after
that date. The Company does not assume the obligation to revise or update these
forward-looking statements, except as may be required under applicable securities laws.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE
CONTENTS OF THIS RELEASE
Erdene Contact Information
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
Peter C. Akerley, President and CEO, or
Robert Jenkins, CFO
Phone: (902) 423-6419
Email: [email protected]
Twitter: https://twitter.com/ErdeneRes
Facebook: https://www.facebook.com/ErdeneResource
LinkedIn: https://www.linkedin.com/company/erdene-resource-development-corp-/
YouTube: https://www.youtube.com/channel/UCILs5s9j3SLmya9vo2-KXoA