Namibia Rare Earths Inc. Announces Results from Shareholders Meeting
Press Release
Namibia Rare Earths Inc. Announces Results
from Shareholders Meeting
Halifax, Nova Scotia May 24, 2018 - Namibia Rare Earths Inc. (“Namibia Rare Earths” or
the “Company”) (TSX:NRE) is pleased to announce that the shareholders voted in favour of
all items of business before the Annual and Special Meeting of the Shareholders held in
Halifax, Nova Scotia today . Shareholders holding 80.83% of the shares of the Company
eligible to vote were present in person or by proxy at the meeting.
Election of Directors
The nominees for directors listed in the management proxy circular for the meeting were
elected. Details of the vote are set out below.
Nominee Votes For % For Votes Withheld % Withheld
Adrian T. Hickey 124,326,693 100.00% 4,000 0.00%
Steve Kapp 124,321,693 99.99% 9,000 0.01%
Gerald J. McConnell 124,311,693 99.98% 19,000 0.02%
William L. Price 124,326,693 100.00% 4,000 0.00%
Janice A. Stairs 124,311,693 99.98% 19,000 0.02%
Pine van Wyk 124,314,693 99.99% 16,000 0.01%
Auditor Re-appointment
Deloitte LLP was re -appointed Auditors of the Company to hold office until the next Annual
Meeting or until its successor is duly appointed.
Continuation of the Company’s Incentive Stock Option Plan
The shareholders voted in favour of the resolution approving the continuation of the
Company’s Incentive Stock Option Plan.
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Change of Company Name
The shareholders voted in favour of the resolution to change the name of the Company to
“Namibia Critical Metals Inc.”. The Board believes the new name more accurately reflects
the recently expanded commodity base from solely rare earths to include a variety of highly
critical commodities including cobalt, copper, vanadium, zinc, lithium, graphite, tantalum,
niobium, nickel, and gold. The Company expects to commence trading under th e symbol
“NMI” and operating under the new name, in the next two weeks. A further press release
will be issued confirming the exact date.
About Namibia Rare Earths Inc.
Namibia Rare Earths Inc. is focused on the accelerated development of the Lofdal Rare
Earths Project and on building a critical metals portfolio in Namibia. The common shares of
Namibia Rare Earths Inc. trade on the TSX Venture Exchange under the symbol “NRE”.
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.
For more information please contact -
Namibia Rare Earths Inc.
Don Burton, President
Tel: +01 (902) 835-8760
Fax: +01 (902) 835-8761
Email: [email protected]
Web site: www.NamibiaRareEarths.com
The foregoing information may contain forward -looking information relating to the future perfor mance of Namibia
Rare Earths Inc. Forward-looking information, specifically, that concerning future performance, is subject to certain
risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from
time to time in the Company's filings with the appropriate securities commissions.
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