Kincora Announces Results of Annual Meeting of Shareholders
Kincora Announces Results of Annual Meeting
of Shareholders
VANCOUVER
,
Sept. 26, 2019
/CNW/ - Kincora Copper Ltd. (the "Company", "Kincora")
(TSXV:KCC) is pleased to announce the results of voting at its Annual General Meeting ("AGM") of
shareholders which was held at
7.30am
on
September 26
th
, 2019, in Ulaanbaatar,
Mongolia
.
The AGM was held concurrent with the 17
th
annual Discover Mongolia conference and the
presentation provided by the Company is available at:
www.kincoracopper.com/investors/presentations
.
All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting
and Information Circular, both dated
September 6
th
, 2019, excluding the Deemed Re-pricing of
Stock Options, were approved by the requisite majority of votes cast at the Meeting with 55.4% of
shareholder proxies returned. Details of the AGM are provided below.
Number of Directors
Shareholders approved retaining the number of directors at five.
Election of Directors
Shareholders voted in favour of Kincora's management's nominees to the board of directors:
Jonathan (Sam) Spring
,
Ray Nadarajah
,
John Holliday
,
Lewis Marks
and
Cameron McRae
.
Auditor Re-Appointed
Dale Matheson Carr-Hilton Labonte
("DMCL") LLP was re-appointed Auditor of the Company to hold
office until the next AGM or until its successor is duly appointed, and the directors were authorized
to fix the Auditor's remuneration.
Stock Option Plan
Shareholders re-approved the 10% rolling stock option plan.
Deemed Re-pricing of Stock Options
Shareholders voted against the deemed re-pricing of directors' stock options.
One-Off Share
Award to President and CEO
Shareholders voted in favour of the one-off share award to President and CEO,
Jonathan Spring
.
Updated shares for service agreements
Shareholders voted in favour of the updated shares for service agreements for directors and key
senior management.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE
Kincora Copper Limited
View original content:
http://www.newswire.ca/en/releases/archive/September2019/26/c4138.html
%SEDAR: 00003952E
For further information:
Sam Spring, President and Chief Executive Officer,
[email protected] or +61431 329 345
CO: Kincora Copper Limited
CNW 19:42e 26-SEP-19