Steppe Gold Ltd. Announces Annual General and Special Meeting Voting Results
Steppe Gold Ltd. Announces Annual General
and Special Meeting Voting Results
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 16, 2025) - Steppe Gold Ltd. (TSX: STGO) (OTCQX:
STPGF) ("
Steppe Gold
" or the "
Company
") announces today the results of its annual general and
special meeting of shareholders (the "
Meeting
") held on June 16, 2025.
At the Meeting, Steppe Gold shareholders voted on the following matters, the full details of which are set
out in the Company's management information circular dated May 13, 2025, issued in connection with
the Meeting, which is available under the Company's profile on SEDAR+ at
www.sedarplus.ca
.
1
.
According to the proxies received and ballots cast, the following seven individuals nominated to
serve on Steppe Gold's Board of Directors (the "
Board
"), were elected by shareholders as
follows:
Nominee
Votes For
% Votes For
Votes Withheld
% of Votes Withheld
Batjargal Zamba
171,310,130
99.78%
369,143
0.22%
Jargalan Sereenen
171,340,130
99.80%
339,143
0.20%
Bataa Tumir-Ochir
165,839,855
96.60%
5,839,418
3.40%
Marina Lerner
166,729,855
97.12%
4,949,418
2.88%
Byambatseren Tsogbadrakh
15,704,475
9.15%
155,974,798
90.85%
Tserenbadam Dugeree
171,321,073
99.79%
358,200
0.21%
Dulguun Erdenebaatar
165,916,942
96.64%
5,762,331
3.36%
Pursuant to, and in accordance with, the terms of the Company's majority voting policy (the "
Policy
"),
any nominee proposed for election as a director in an uncontested election who receives a greater
number of votes withheld than number of votes in favour of the nominee, even though duly elected as a
matter of corporate law, must promptly tender their resignation to the board of directors of the Company
(the "
Board
"). At the Meeting, Ms. Tsogbadrakh received more votes withheld than votes in favour and
therefore, in accordance with the Policy, Ms. Tsogbadrakh is required to submit her resignation to the
Board for its consideration. Under the Policy, the Board will promptly accept the resignation unless it
determines that there are extraordinary circumstances relating to the composition of the Board or the
voting results that should delay the acceptance of the resignation or justify rejecting it. The Board will
make its decision and reasons available to the public within 90 days of the Meeting.
2
.
According to the proxies received and ballots cast, Kingston Ross Pasnak LLP were re-appointed
as Steppe Gold's auditors to hold office until the next annual meeting of the Company's
shareholders and the Board was authorized to fix their renumeration, as an ordinary resolution of
shareholders as follows:
Votes For
% Votes For
Votes Withheld
% of Votes Withheld
174,945,784
99.81%
337,941
0.19%
3
.
According to the proxies received and ballots cast, the shareholders did not pass the ordinary
resolution approving the ratification and adoption of the Company's long-term incentive plan, with
the voting results as follows:
Votes For
% Votes For
Votes Against
% of Votes Against
15,702,668
9.15%
155,976,605
90.85%
A full report of voting results from the Meeting is available under the Company's profile on SEDAR+ at
www.sedarplus.ca
.
About Steppe Gold Ltd.
Steppe Gold Ltd. is Mongolia's premier precious metals company.
For more information, please contact:
Bataa Tumur-Ochir, Chairman and Chief Executive Officer
Jeremy South, Senior Vice President and Chief Financial Officer
Shangri-La office, Suite 1201, Olympic Street
19A, Sukhbaatar District 1,
Ulaanbaatar 14241, Mongolia
Tel: +976 7732 1914
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/255664