Wesdome Gold Mines Announces Results of Annual General and Special Meeting
Wesdome Gold Mines Announces Results of Annual General and Special
Meeting
TORONTO, June 02, 2020 -- Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company”) announces the results of the
Company’s annual general meeting of shareholders (the “Meeting”) held by way of live webcast earlier today. A replay of the
Meeting is available on the Company’s website.
A total of 71,804,870 common shares were represented at the Meeting, representing 51.86% of the total issued and
outstanding common shares of the Company.
All matters presented for shareholder approval at the Meeting were approved, as follows:
a) Appointment of Grant Thornton LLP as auditors of the Company for the ensuing year and authorizing the directors of
fix their remuneration;
b) Election of the directors of the Company for the ensuing year;
c) Approval of the 2020 Omnibus Equity Incentive Plan; and
d) Approval of an advisory non-binding resolution accepting the approach to executive compensation disclosed in the
Management Information Circular of the Corporation dated April 20, 2020
Election of Directors
The following seven individuals were elected as directors of the Company, until the next annual meeting of shareholders, as set
out in the table below:
Name of Nominee
Votes cast
FOR
% of votes cast
FOR
Votes cast
WITHHELD
% of votes cast
WITHHELD
Charles Main 70,953,866 98.82 850,642 1.18
Duncan Middlemiss 71,789,383 99.98 15,125 0.02
Nadine Miller 70,608,724 98.33 1,195,784 1.67
Warwick Morley-Jepson 70,366,784 98.00 1,437,724 2.00
Brian Skanderbeg 71,156,324 99.10 648,184 0.90
Edie Thome 71,468,893 99.53 335,615 0.47
Bill Washington 70,863,667 98.69 940,841 1.31
Re-Appointment of Auditors
Based on proxies received and votes cast by show of hands during the Meeting, Grant Thornton LLP, Chartered Accountants,
were appointed as independent auditors of the Company for the ensuing year and the directors are authorized to fix their
remuneration, with the following results:
Votes cast
FOR
% of votes cast
FOR
Votes cast
WITHHELD
% of votes cast
WITHHELD
Appointment of Auditors 70,895,409 98.73 909,099 1.27
Approval of the 2020 Omnibus Equity Incentive Plan
Based on proxies received and votes cast by ballot during the Meeting, the 2020 Omnibus Equity Incentive Plan was approved,
with the following results:
Votes cast
FOR
% of votes cast
FOR
Votes cast
AGAINST
% of votes cast
AGAINST
2020 Omnibus Equity Incentive Plan 65,935,072 91.83 5,869,436 8.17
Advisory Vote on Executive Compensation
Based on proxies received and votes cast by ballot during the Meeting, the advisory non-binding resolution accepting the
approach to executive compensation disclosed in the Management Information Circular of the Corporation dated April 20, 2020
was approved, with the following vote result:
Votes cast % of votes cast Votes cast % of votes cast
FOR FOR AGAINST AGAINST
Advisory Vote on Executive Compensation 69,507,571 96.80 2,296,937 3.20
Please refer to the Company’s Report of Voting Results filed on SEDAR at www.sedar.com for further details on the above
matters.
ABOUT WESDOME
Wesdome Gold Mines has had over 30 years of continuous gold mining operations in Canada. The Company is 100%
Canadian focused with a pipeline of projects in various stages of development. The Company’s strategy is to build Canada’s
next intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Quebec. The Eagle River
Complex in Wawa, Ontario is currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open
pit, from a central mill. Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d’Or, Quebec. The
Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tonne-per-day mill. The Company has further
upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario. The Company has approximately
138.5 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”.
For further information, please contact:
Duncan Middlemiss or Lindsay Carpenter Dunlop
President and CEO VP Investor Relations
416-360-3743 ext. 2029 416-360-3743 ext. 2025
[email protected] [email protected]
220 Bay St, Suite 1200
Toronto, ON, M5J 2W4
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Website: www.wesdome.com
PDF available: http://ml.globenewswire.com/Resource/Download/458edc19-2258-4a27-81a7-2897eef9ffb1