Magna Mining Announces Results of Annual General and Special Meeting
Magna Mining Announces Results of Annual
General and Special Meeting
Sudbury, Ontario--(Newsfile Corp. - June 16, 2022) -
Magna Mining Inc. (TSXV: NICU) ("Magna" or
the "Company")
reports that all resolutions at the Company's annual general and special meeting of
shareholders were approved by shareholders.
The results of voting are noted below. For additional details on the resolutions, please see the
management information circular of the Company dated May 17, 2022 (the "
Information Circular
").
1
.
Election of Directors.
Nominee
For
% For
Withhold
% Withhold
Jason Jessup
44,439,261
100
1,700
0
Derrick Weyrauch
44,439,261
100
1,700
0
Carl DeLuca
44,439,261
100
1,700
0
John Seaman
44,439,261
100
1,700
0
Vernon Baker
44,439,261
100
1,700
0
Jonathan Goodman
44,347,730
99.79
93,231
0.21
2
.
Appointment of Auditors. To appoint Baker Tilley WM LLP as auditors of the Company for
the ensuing year and authorizing the directors to fix their remuneration.
For
% For
Withhold
% Withhold
44,439,461
100
1,500
0
3
.
Stock Option Plan Resolution. To consider and, if deemed advisable, to pass, with or
without variation, an ordinary resolution, the full text of which is set forth in Schedule "A"
to the Information Circular, confirming and approving the stock option plan of the
Company, and certain amendments to the stock option plan, all as more particularly
described in the Information Circular.
For
% For
Against
% Against
44,335,930
99.76
105,031
0.24
4
.
RSU Plan Resolution. To consider and, if deemed advisable, to pass, with or without
variation, an ordinary resolution of disinterested shareholders, the full text of which is set
forth in Schedule "B" to the Information Circular, confirming and approving the restricted
share unit plan of the Company, and certain amendments to the restricted share unit
plan, all as more particularly described in the Information Circular.
For
% For
Against
% Against
28,313,659*
99.63
105,031
0.37
*Excluding 16,022,271 shares held by Insiders
5
.
RSU Grant Resolution. To consider and, if deemed advisable, to pass, with or without
variation, an ordinary resolution of disinterested shareholders, the full text of which is set
forth in Schedule "C" to the Information Circular, confirming and approving the prior
grant of 318,000 restricted share units under the Company's restricted share unit plan, all
as more particularly described in the Information Circular.
For
% For
Against
% Against
44,327,461
99.74
113,500
0.26
6
.
Approval of Dundee Corporation Becoming a New Control Person. To consider and, if
deemed advisable, to pass, with or without variation, an ordinary resolution of
disinterested shareholders, the full text of which is set forth in Schedule "D" to the
Information Circular, approving Dundee Corporation becoming a new Control Person
and the resulting Change of Control of the Company (as such terms are defined in the
policies of the TSX Venture Exchange), all as more particularly described in the
Information Circular.
For
% For
Against
% Withhold
30,750,361
99.97
9,200
0.03
*Excluding 13,681,400 shares held by insiders
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 asset is the past producing
Shakespeare Mine 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. 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:
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.
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https://www.newsfilecorp.com/release/128096