Magna Mining Announces Results of Annual and Special Meeting of Shareholders
Magna Mining Announces Results of Annual
and Special Meeting of Shareholders
Sudbury, Ontario--(Newsfile Corp. - June 12, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the
"Company")
is pleased to announce the results of its Annual & Special Meeting of Shareholders (the
"Meeting") held on June 9
th
. Each of the matters is described in greater detail in the Notice of Annual &
Special Meeting of Shareholders and the accompanying Management Information Circular dated May
11
th
, 2023 (the "Circular").
At the Meeting, the shareholders approved the election of Jason Jessup, Carl DeLuca, John Seaman,
Vernon Baker and Jonathan Goodman, each as listed in the Circular. Derrick Weyrauch decided to not
stand for re-election as a director of the Company.
As a result, Magna elected five directors to the board.
All other resolutions at the Meeting were approved by shareholders including (i) the appointment of
auditors, (ii) the reconfirmation and approval of the stock option plan of the Company, (iii) the
reconfirmation and approval of the amended and restated restricted share unit plan of the Company (the
"Amended RSU Plan"), (iv) the confirmation and approval of restricted share units under the Amended
RSU Plan, and (v) the approval of the amended and restated investor rights agreements between the
Company and Hawke's Point Holdings II Ltd, as described in the Circular.
About Magna Mining Inc.
Magna Mining is an exploration and development company focused on nickel, copper and PGM projects
in the Sudbury Region of Ontario, Canada. The Company's flagship assets are the past producing
Shakespeare and Crean Hill Mines. The Shakespeare Mine is a feasibility stage project which has
major permits for the construction of a 4,500 tonne per day open pit mine, processing plant and tailings
storage facility and is surrounded by a contiguous 180km
2
prospective land package. Crean Hill is a
past producing nickel, copper and PGM mine with a technical report dated August 2022. Additional
information about the Company is available on SEDAR (
www.sedar.com
) and on the Company's
website (
www.magnamining.com
).
For further information, please contact:
Jason Jessup
Chief Executive Officer
or
Paul Fowler, CFA
Senior Vice President
Email:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/169674