SRG Mining Inc. Announces Election of Directors
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SRG Mining Inc. Announces Election of Directors
NEWS RELEASE FOR IMMEDIATE RELEASE
Montreal, Quebec, June 16, 2023 - SRG Mining Inc. (TSXV: SRG) (“SRG” or the “Company) is
pleased to announce that all nominees listed in the management proxy circular were elected
as directors of the Company at its annual general meeting of shareholders (“AGM”) held
today.
A total of 51,617,030 common shares or 45.35% of the Company’s issued and
outstanding common shares at the record date were represented in person or by proxy at
the AGM.
The following six incumbent directors were re-elected:
Nominee Votes For % of
Votes
for
Votes Withheld % of Votes
Withheld
Benoit La Salle 51,591,723 99.96 21,602 0.04
Marc Filion 51,611,200 100 2,175 0
Yves Grou 51,611,200 100 2,125 0
Abdoul Aziz Nassa 51,593,200 99.96 20,125 0.04
Alhamdou Diagne 51,593,200 99.96 20,125 0.04
Vincent Benoit 51,611,200 100 2,125 0
The Company is also pleased to announce that at the AGM, shareholders approved the
appointment of Olivier Colom as an additional member to the Board of Directors.
The proposal to appoint Raymond Chabot Grant Thornton, Chartered Professional
Accountants were re -appointed as external auditors and authorize directors to fix its
remuneration was approved:
For: 99.99%
Withheld: 0.01%
And finally, the shareholders also approved the Company’s 2023 20% fixed amended and
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restated Stock Option Plan, amended and restated DSU Plan and amended and restated RSU
Plan.
About SRG Mining
SRG Mining is a Canadian-based mining company focused on developing the Lola Graphite Project
located in the Republic of Guinea, West Africa. The Lola Graphite Project has Probable Reserves
of 42Mt at a grade of 4.2% Cg. SRG aims to develop a fully integrated source of ba ttery anode
material to supply the European lithium -ion and fuel cell markets. With attractive operating costs,
proximity to European end-markets and strong ESG credentials, the Company is poised to become
a reliable supplier while promoting sustainability and supply chain transparency. SRG is committed
to generating sustainable, long -term benefits that are shared with the host countries and communities
where it operates.
For additional information, please visit SRG’s website at www.srgmining.com.
Contact :
Matthieu Bos Matt Johnston
President & CEO Corporate Development Advisor
Email: [email protected] Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of Canadian securities
legislation. All information contained herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward -looking information can be identified by the
use of forward -looking terminology such as “double”, “highlight”, “favourable”, “include”, “aimed”,
anticipates”, “estimate”, “will”, “become”, “assume”, “expect”, “continue”, “result”, “project”,
“advance”, “progress”, “result”, “confirm”, “increase”, “potential”, “demonstrate”, “delive r”, “believe”,
or variations of such words and phrases or state that certain actions, events or results "may", "could",
"would" or "might". Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or achievements
of the Company to be materially different from those expressed or implied by such forward -looking
information, including but not limited to: (i) volatile stock price; (ii) the general global markets and
economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with
exploration, development and operations of mineral deposits and mine plans for the Company’s
mining operations; (v) the risk associated wit h establishing title to mineral properties and assets
including permitting, development, operations and production from the Company’s operations being
consistent with expectations and projections; (vi) fluctuations in commodity prices, finding offtake
takers and potential clients or enforcing such agreements against same, (vii) prices for diesel,
process reagents, fuel oil, electricity and other key supplies being approximately consistent with
current levels; (viii) production and cost of sales forecasts me eting expectations; (ix) the accuracy
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of the mineral reserve and mineral resource estimates of the Company; (x) labour and materials
costs increasing on a basis consistent with the Company's current expectations; (xi) there being no
significant disruptions affecting the operations of the Company whether due to COVID -19
restrictions, the war in Ukraine, artisanal miners, access to water, extreme weather events and other
or related natural disasters, labour disruptions, supply disruptions, power disruptions, damage to
equipment or otherwise; and (xi) asset impairment (or reversal) potential, being consistent with the
Company's current expectations. and other risks and factors described or referred to in the section
entitled "Risk Factors" in the MD&A of the Co mpany and which is available at www.sedar.com, all
of which should be reviewed in conjunction with the information found in this news release.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such forward-looking information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward -looking information. Such forward -looking
information has been provided for the purpose of assisting investors in understanding the
Company's business, operations an d exploration plans and may not be appropriate for other
purposes. Accordingly, readers should not place undue reliance on forward -looking information.
Forward-looking information is given as of the date of this press release, and the Company does not
undertake to update such forward -looking information except in accordance with applicable
securities laws.