Treasury Metals Announces Board Changes and Voting Results from Its 2023 Annual Meeting of Shareholders
TREASURY METALS ANNOUNCES BOARD
CHANGES AND VOTING RESULTS FROM ITS
2023 ANNUAL MEETING OF SHAREHOLDERS
TSX: TML OTCQX: TSRMF
TORONTO
,
June 28, 2023
/CNW/ - Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF)
("
Treasury Metals
" or the "
Company
") is pleased to announce results from its 2023 Annual General
Meeting of Shareholders (the "
Meeting
") held earlier today.
Board of Director Changes
The Company welcomes
Michele Ashby
and
James (Jim) Gowans
as independent members of the
Board of Directors (the "
Board
"), bringing extensive knowledge and experience to complement the
capabilities of the Board.
Michele Ashby
Ms. Ashby founded Ashby Consulting Enterprises Inc. (ACE LLC), a consulting firm that provides
corporate board training and certification through her unique program, ACE Board Certification for
Women. Her diverse background includes 30 years as a gold specialist/analyst, financial expert,
independent corporate director and successful entrepreneur. She was named one of the Top 25
Most Powerful Women in Business in
Colorado
for 2019 by the
Colorado
Chamber of Commerce for
Women for her work in training 1,000 women for corporate board directorships; in 2022, she was
selected as one of the 100 Global Inspirational Women in Mining by Women in Mining UK. She
previously served as an independent director for Mene, Inc., Lithium X and McEwen Mining and was
an Executive Consultant with McGhee Productivity Solutions as well as Chief Executive Officer and
founder of MiNE, LLC. Ms. Ashby was also the Chief Executive Officer and founder of Denver Gold
Group Inc., a
Colorado
not-for-profit corporation organized and operating as a trade association for
the mining industry. She graduated magna cum laude with a degree in Finance from
Regis
University
.
James (Jim) Gowans
Mr. Gowans has more than 40 years of experience in the resource sector through an extensive
career as a senior executive with several major mining companies and his role as past chair of the
Mining Association of
Canada
. He has extensive mining knowledge and perspective on the
importance of sustainability and stakeholder relations. He has held executive positions with
Debswana Diamond Company in
Botswana
, DeBeers SA, DeBeers Canada Inc., PT Inco in
Indonesia
, and Placer Dome Ltd. He was also interim president and CEO of Trilogy Metals Inc.,
President, CEO and a director of Arizona Mining Inc. and senior advisor to the Chair of the Board
and Co-President of Barrick Gold Corporation. He holds a Bachelor of Applied Science in Mineral
Engineering from the
University of British Columbia
and attended the Banff School of Advanced
Management. He currently sits on the board of directors of Cameco Corporation, Marathon Gold
Corporation and Trilogy Metals Inc.
Jeremy Wyeth
, President and CEO of Treasury Metals, commented: "We are pleased to have
Michele and Jim join our Board as we progress our project through a Feasibility Study to a
construction decision. Their skill sets will complement those of the Board at a very important time for
Treasury Metals."
As a part of the Company's ongoing Board Renewal process,
William Fisher
and
Flora Wood
did not
stand for re–election to the Board at the Meeting. The Board thanks Mr. Fisher and Ms. Wood for
their valuable contributions to Treasury Metals over the years.
Voting Results of Annual General Meeting of Shareholders
A total of 54,951,811 common shares were voted at the Meeting, representing approximately
38.49% of the votes attached to all the outstanding common shares of the Company.
Election of Directors
At the Meeting, all nominees listed in the Company's management information circular dated
May 12,
2023
were elected as directors of the Company to serve until the next annual meeting of
shareholders or until their successors are elected or appointed. Shareholders present in person or
represented by proxy at the Meeting voted as follows:
Number of Shares
Percentage of Votes Cast
Nominee
For
Withheld/Abstain
For
Withheld/Abstain
David Whittle
50,521,900
127,642
99.748
0.252
Jeremy Wyeth
50,393,925
255,617
99.495
0.505
Michele Ashby
50,472,061
177,481
99.650
0.350
Frazer Bourchier
50,486,150
163,392
99.677
0.323
James Gowans
50,434,190
215,352
99.575
0.425
Paul McRae
50,387,854
261,688
99.483
0.517
Margot Naudie
44,347,573
6,301,969
87.558
12.442
Christophe Vereecke
50,428,336
221,206
99.563
0.437
Appointment of Auditors
At the Meeting, RSM Canada LLP was reappointed as auditors of the Company to hold office until
the close of the next annual meeting of shareholders or until a successor is appointed and the Board
was authorized to fix their remuneration, with the following results:
Number of Shares
Percentage of Votes Cast
For
Withheld/Abstain
For
Withheld/Abstain
54,792,940
81,623
99.851
0.149
The voting results are also available under the Company's issuer profile on SEDAR at
www.sedar.com
.
About Treasury Metals
Treasury Metals Inc. is a gold-focused company with assets in
Canada
. Its Goliath Gold Complex,
which includes the Goliath, Goldlund and Miller deposits, is located in
Northwestern Ontario
. The
deposits benefit substantially from excellent access to the Trans-Canada Highway, related power
and rail infrastructure, and close proximity to several communities including
Dryden, Ontario
. For
information on the Goliath Gold Complex, please refer to the technical report, prepared in
accordance with NI 43–101, entitled "Goliath Gold Complex – NI 43–101 Technical Report and
Prefeasibility Study" and dated
March 27, 2023
with an effective date of
February 22, 2023
, led by
independent consultants Ausenco Engineering Canada Inc. The technical report is available on
SEDAR at
www.sedar.com
, on the OTCQX at
www.otcmarkets.com
and on the Company website
at
www.treasurymetals.com
.
SOURCE
Treasury Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/June2023/28/c8766.html
%SEDAR: 00027114E
For further information:
Jeremy Wyeth, President & CEO; Orin Baranowsky, CFO, Treasury
Metals Inc., T: +1 416-214-4654, Toll-free: 1-855-664-4654, Email: [email protected]; Twitter:
@treasurymetals, www.treasurymetals.com
CO: Treasury Metals Inc.
CNW 17:00e 28-JUN-23