Talon Metals Announces Results of AGM
Talon Metals Announces Results of AGM
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - June 22, 2023) - 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.
All of the nominee directors listed in Talon's management information circular dated May 23, 2023 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
David L. Deisley
460,729,940
(99.86%)
641,387
(0.14%)
Arne H. Frandsen
427,617,199
(92.68%)
33,754,128
(7.32%)
John D. Kaplan
407,755,200
(88.38%)
53,616,127
(11.62%)
Gregory S. Kinross
439,625,970
(95.29%)
21,745,357
(4.71%)
Warren E. Newfield
460,826,527
(99.88%)
544,800
(0.12%)
Henri van Rooyen
460,815,275
(99.88%)
556,052
(0.12%)
David E. Singer
439,567,218
(95.27%)
21,804,109
(4.73%)
Frank D. Wheatley
459,744,479
(99.65%)
1,626,848
(0.35%)
Furthermore at the AGM, shareholders of the Company:
(i)
by a majority of votes cast by the disinterested shareholders, approved the continuation of the
shareholder rights plan of the Company;
(ii)
voted in favour of authorizing the Company to effect a consolidation of the common shares of the
Company 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
(iii)
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 central Minnesota. Talon's shares are also traded in the US
over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land
position (18km of strike length) with high-grade intercepts
outside the current resource area
. Talon has
an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%. Talon is
focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in
accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii)
following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.
Talon has
an agreement with Tesla Inc.
to supply it with 75,000 metric tonnes (165 million lbs) of nickel in
concentrate (and certain by-products, including cobalt and iron) from the Tamarack Nickel Project over
an estimated six-year period once commercial production is achieved. Talon has a
neutrality and
workforce development agreement
in place with the United Steelworkers union. Talon's Battery Mineral
Processing Facility in Mercer County was
selected by the US Department of Energy
for $114m funding
grant from the Bipartisan Infrastructure Law.
Talon has well-qualified experienced exploration, mine
development, external affairs and mine permitting teams
For additional information on Talon, please visit the Company's website at
www.talonmetals.com
or
contact:
Sean Werger
Tel: (416) 361-9636 x102
Email:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/170976