Talon Metals Announces Results Of AGM
Talon Metals Announces Results Of AGM
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - June 25, 2020) - Talon Metals Corp.
(TSX: TLO) (
"Talon"
or the
"Company"
) is pleased to announce the results of its annual and special
meeting of shareholders ("
AGM
") held today in St. Michael, Barbados.
All of the nominee directors listed in Talon's management information circular dated May 25, 2020
were elected as directors.
The results of the shares voted in respect of the election of each director
were as follows:
Name of
Nominee
Votes For
Votes Withheld
John D. Kaplan
340,932,993
(98.28%)
5,979,200
(1.72%)
Gregory S. Kinross
343,932,993
(99.14%)
2,979,200
(0.86%)
Warren E.
Newfield
340,970,993
(98.29%)
5,941,200
(1.71%)
David L. Deisley
346,874,193
(99.99%)
38,000
(0.01%)
Henri van Rooyen
346,863,243
(99.99%)
48,950
(0.01%)
David E. Singer
343,922,043
(99.14%)
2,990,150
(0.86%)
Furthermore at the AGM, shareholders of the Company:
1
.
by a majority of votes cast by the disinterested shareholders, approved the continuation of the
shareholder rights plan of the Company;
2
.
voted in favour of authorizing the Company to effect a combination of the common shares of the
Company (the "
Consolidation
") on the basis of one (1) post-Consolidation common share of
the Company for up to ten (10) pre-Consolidation common shares, as determined by the
directors of the Company, in their sole discretion; and
3
.
voted in favour of appointing MNP LLP as auditors of the Company for the ensuing year and
authorizing the directors to fix their remuneration.
For greater certainty and notwithstanding the foregoing, the directors of the Company have not yet
determined to effect the Consolidation and may elect not to proceed with the Consolidation, in their
sole discretion (subject to fiduciary and statutory duties). The directors will continue to assess market
conditions and the interests of the Company and shareholders before proceeding to effect the
Consolidation, if at all. To be effective, the Consolidation must also be approved by the Toronto Stock
Exchange.
About Talon
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade
Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA, comprised of the Tamarack
North Project and the Tamarack South Project.
Talon has an earn-in right to acquire up to 60% of the
Tamarack Project.
The Tamarack Project comprises a large land position (18km of strike length) with
numerous high-grade intercepts outside of the current resource area.
Talon is focussed on expanding
its current high-grade nickel mineralization resource prepared in accordance with NI 43-101;
identifying additional high-grade nickel mineralization; and developing a process to potentially
produce nickel sulphates responsibly for batteries for the electric vehicles industry.
Talon has a well-
qualified mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company's website at
www.talonmetals.com
or
contact:
Sean Werger, President
Email:
Telephone: 416-361-9636
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/58551