Moneta Announces Voting Results from Annual Meeting of Shareholders and Board Appointments Symbol: TSX: ME
Moneta Announces Voting Results from
Annual Meeting of Shareholders and Board
Appointments
Symbol: TSX: ME
TORONTO
,
June 19, 2020
/CNW/ -
Moneta Porcupine Mines Inc.
(TSX: ME) (OTC: MPUCF)
(XETRA: MOP)
("Moneta" or the "Corporation")
announced approval of each of the matters set
out in the Corporation's Management Information Circular dated
May 12
, 2020 at the 2020 Annual
Meeting of Shareholders held via webcast on
June 18, 2020
(the "
Meeting
").
The total number of shares represented by shareholders present in person and by proxy at the
Meeting was 112,075,979, representing 35.98% of the Corporation's outstanding shares.
The eight director nominees proposed by management were elected by a show of hands with
proxies received as follows:
Nominee
Votes For
Percent
Withheld
Percent
Mark Ashcroft
93,607,837
92.44%
7,651,560
7.56%
Rodney A. Cooper
93,032,162
91.88%
8,227,235
8.12%
Kevin B. Heather
92,802,337
91.65%
8,457,060
8.35%
Alex D. Henry
89,441,667
88.33%
11,817,730
11.67%
Gary V. O'Connor
92,214,159
91.07%
9,045,238
8.93%
Ian C. Peres
89,258,389
88.15%
12,001,008
11.85%
Josef Vejvoda
93,633,862
92.47%
7,625,535
7.53%
Mark Wayne
93,604,637
92.44%
7,654,760
7.56%
Final voting results, on all matters voted on at the Meeting, are available on SEDAR at
www.sedar.com
.
Mr.
Alex Henry
, CPA, CA has been appointed as Chairman of the Board of Directors. Mr. Henry is
the managing partner of Hampton-Metrix Capital Partners Inc. and has served on Moneta
Porcupine's board since 2005. Since 1981, Mr. Henry has held various positions in the investment
banking industry. He has managed private placements, public equity financings and alternative
investment products both in
Canada
and internationally. Mr. Henry qualified as a Chartered
Accountant with Touche Ross LLP (now Deloitte LLP) in
Toronto, Ontario
.
Mr.
Mark Ashcroft
, P.Eng. has been appointed to the Corporation's board of directors effective
June
18, 2020
. Mr. Ashcroft has experience in engineering mining in
Canada
and overseas. Mr. Ashcroft
is currently the President, CEO and Director of Aurelius Minerals Inc. and has previously held roles
in various institutional brokerage and advisory businesses including five years in debt and
commodities financing in the Metals and Mining team of Barclay's Capital in
London, UK
.
Mr.
Warren Bates
and Mrs.
Patricia Sheahan
did not stand for re-election. The board wishes to
thank Mr. Bates and Mrs. Sheahan for their contributions over their considerable tenure on the board
and wishes them well in their future endeavours.
About Moneta
The Corporation holds a 100% interest in 6 core gold projects strategically located along the Destor-
Porcupine Fault Zone in the Timmins Gold Camp with over 85 million ounces of past gold production.
The projects consist of the Golden Highway,
North Tisdale
, Nighthawk Lake,
DeSantis East
,
Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective
ground along the DPFZ of which 4 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 556,500 ounces gold contained within 3.82 Mt @ 4.53 g/t Au
and a total of 1,174,000 ounces gold contained within 8.47 Mt @ 4.31 g/t Au in the inferred category
at a 3.00 g/t Au cut-off. A preliminary economic assessment on the South West deposit located
within the Golden Highway Project commenced in Q1, 2020. The results of the PEA are due to be
delivered later in 2020. The study will review several development scenarios for the South West
deposit which was the subject of a resource update in
November 2019
.
The Corporation's public documents may be accessed at
www.sedar.com
. For further information
on the Corporation, please visit our website at
www.monetaporcupine.com
or email us at
.
SOURCE
Moneta Porcupine Mines Inc.
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%SEDAR: 00003301E
For further information:
Gary V. O'Connor, CEO and Chief Geologist, 416-357-3319; Ian C.
Peres, President and CFO, 416-579-3040; Linda Armstrong, Investor Relations, 647-456-9223
CO: Moneta Porcupine Mines Inc.
CNW 08:00e 19-JUN-20