Magna Terra Announces Results of Annual and Special Meeting
Magna Terra Announces Results of Annual
and Special Meeting
Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - Magna Terra Minerals Inc. (TSXV: MTT) (the
"Company" or "Magna Terra") is pleased to announce that all resolutions proposed to shareholders at
the annual and special meeting held today were duly passed.
All the nominees listed in the management information circular for the meeting were elected as directors
of the Company. Detailed results of the vote for the election of directors are set out below.
Nominee
Votes For
% For
Votes Against
% Against
Michael Byron
49,294,817
99.69%
155,192
0.31%
Patricia Kajda
49,084,389
99.26%
365,620
0.74%
Lewis Lawrick
49,364,389
99.83%
85,620
0.17%
Gernot Wober
49,444,995
99.99%
5,014
0.01%
In addition: (i) McGovern Hurley LLP was reappointed as the Company's auditors for the ensuing year
and the directors were authorized to fix their remuneration, and (ii) the Company's omnibus equity
incentive plan has been authorized, ratified, approved, and confirmed. The report of voting results will be
made available under the Company's SEDAR+ profile at
www.sedarplus.ca
.
Omnibus Equity Incentive Plan
The omnibus equity incentive plan (the "Omnibus Plan") was previously adopted by the board of
directors of the Company on January 21, 2026. The Omnibus Plan was adopted in accordance with
Policy 4.4 -
Security Based Compensation
of the TSX Venture Exchange, which requires all listed
issuers to maintain a security-based compensation plan governing the granting of stock options. Magna
Terra's previous stock option plan, originally adopted on November 13, 2009, and last amended and
restated on November 12, 2012 (the "Legacy Plan"), was a "rolling" plan that reserved for issuance a
maximum of 10% of the Company's issued and outstanding common shares from time to time.
The Omnibus Plan authorizes the Company to grant a broader range of equity-based awards, including
(i) stock options, (ii) deferred share units ("DSUs"), (iii) restricted share units ("RSUs"), and (iv)
performance share units ("PSUs") (collectively, the "Awards"). The Omnibus Plan with respect to the
stock options is a "rolling" plan such that the aggregate number of common shares reserved for
issuance pursuant to stock options granted under the Omnibus Plan (including the stock options currently
outstanding under the Legacy Plan) shall not exceed 10% of the Company's total issued and outstanding
common shares from time to time. In respect of DSUs, RSUs, and PSUs, the aggregate number of
common shares reserved for issuance pursuant to Awards other than for stock options granted under the
Omnibus Plan shall not exceed 10,808,722, being 10% of the issued and outstanding common shares
on the date of the management information circular.
The Omnibus Plan replaces the Legacy Plan in its entirety. For more information, a summary of the
Omnibus Plan is outlined in the Company's management information circular which has been filed under
the Company's SEDAR+ profile at
www.sedarplus.ca
.
Equity Grants
The Company also announces that it has granted a total of 2,100,000 stock options and 1,400,000
RSUs to certain officers, directors, employees, and consultants to the Company in accordance with its
Omnibus Plan. Each stock option is exercisable at $0.155 per share for a period of five years from
issuance and will vest over an 18-month period in three equal tranches. The RSUs vest over a three-year
period in three equal tranches starting one year from the grant date. Each RSU converts to one common
share of the Company upon settlement in accordance with the Omnibus Plan. The grants aim to align
leadership interests with shareholders, recognize contributions, and support long-term retention and
performance.
About Magna Terra
Magna Terra Minerals Inc. is a precious and critical metals focused exploration company, headquartered
in Toronto, Canada. Magna Terra is focused on acquiring and advancing its high-potential mineral
projects in Atlantic Canada and Argentina while generating value for shareholders and minimizing
shareholder dilution through option and joint venture partnerships where appropriate; leveraging our
ability to explore, grow, and transact projects. The Company is focused on exploring our 100%-owned
Humber Copper-Cobalt Project in Newfoundland and Labrador; our 100% owned Rocky Brook Gold and
Critical Metals Project in the historic Bathurst Mining Camp of New Brunswick; the recently acquired
Prospect Or's Gold Project, and our 100%-owned Cape Spencer Gold Project in New Brunswick. In
addition, the Company has optioned the Great Northern Project in Newfoundland to Gold Hunter
Resources Inc. ("Gold Hunter") for total cash and share consideration of $9.5 million over a 2-year
period, and currently holds an approximate 13.6% equity interest in Gold Hunter. The Company has also
optioned the Luna Roja Project in Argentina to Lunex Metals Corp. ("Lunex"; formerly Andean Metals
Corp.) for total cash and share consideration of $2.375 million over a 4-year period, where Lunex has
recently initiated a 3,000 metre drill program. Further, the Company maintains a significant exploration
portfolio in the province of Santa Cruz, Argentina which includes its large 100% owned Boleadora
Project, as well as several additional district scale drill ready projects available for purchase or
option/joint venture.
Neither 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick
President and CEO, Director
Telephone: 905-301-9983
Email:
Website:
www.magnaterraminerals.com
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/285540