Wallbridge Mining Announces Voting Results from its Annual and Special Meeting of Shareholders
Wallbridge Mining Announces Voting Results from its Annual and Special
Meeting of Shareholders
TORONTO, May 14, 2018 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7)
("Wallbridge") held its Annual and Special Meeting of Shareholders (the "Meeting") on May 10, 2018.
A total of 146,964,132 shares or 50% of the outstanding shares of the Company were represented at the
Meeting by proxy or in person. All of the matters submitted to the shareholders for approval as set out in
the Company's notice of meeting and information circular dated March 26, 2018, were approved by the
requisite majority of votes cast at the Meeting.
The following directors were elected until the next annual meeting of shareholders or until their
successors are otherwise duly elected or appointed: Alar Soever, Parviz Farsangi, W. Warren Holmes,
René Galipeau, Darryl Sittler, Faramarz (Marz) Kord and Shawn Day. All of the directors received the
support of more than 98% of the votes represented at the meeting as follows:
Votes For Votes Withheld
Number Percent Number Percent
Alar Soever 110,242,064 99.59% 458,300 0.41%
Parviz Farsangi 109,955,064 99.33% 745,300 0.67%
W. Warren Holmes 110,241,564 99.59% 458,800 0.41%
René Galipeau 110,241,564 99.59% 458,800 0.41%
Darryl Sittler 110,401,564 99.73% 298,800 0.27%
Faramarz (Marz) Kord 110,241,064 99.59% 459,300 0.41%
Shawn Day 109,543,564 98.96% 1,156,800 1.04%
Additionally, setting the number of Directors at seven, the appointment of KPMG as Company's auditors
and confirmation of the advance notice by-law were approved with votes of 89.51%, 99.63% and 98.77%
respectively.
At the Meeting, Alar Soever announced that he was transitioning from Executive Chair of the Company, a
role he has held since 2012, to non-Executive Chair. Mr. Soever described this transition as part of the
Company's long term business plan stating that, "With Fenelon now fully financed through the bulk
sample, and with the core of a solid team in place, I am proud that we are now in a position to take the
next step in our business plan which is my transition from Executive Chairman to Non-Executive
Chairman."
About Wallbridge Mining
Wallbridge is working to establish a pipeline of projects that will support sustainable production and
revenue as well as organic growth through exploration and scalability.
Wallbridge is currently developing its 100%-owned high-grade Fenelon Gold property in Quebec with
ongoing exploration and a bulk sample in 2018. Wallbridge is also pursuing other additional advanced-
stage projects which would add to the Company's near term project pipeline. These discussions benefit
from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken
Hammer deposit in Sudbury, which was completed in October 2015. Wallbridge is also continuing
partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario,
with a focus on its high-grade Parkin project.
Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia
through its 11.5% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources
Limited).
This press release may contain forward-looking statements (including "forward-looking
information" within the meaning of applicable Canadian securities legislation and "forward-
looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995)
relating to, among other things, the operations of Wallbridge and the environment in which it
operates. Generally, forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved". Wallbridge has relied on a number of
assumptions and estimates in making such forward-looking statements, including, without
limitation, the costs associated with the development and operation of its properties. Such
assumptions and estimates are made in light of the trends and conditions that are considered to
be relevant and reasonable based on information available and the circumstances existing at this
time. A number of risk factors may cause actual results, level of activity, performance or
outcomes of such exploration and/or mine development to be materially different from those
expressed or implied by such forward-looking statements including, without limitation, whether
such discoveries will result in commercially viable quantities of such mineralized materials, the
possibility of changes to project parameters as plans continue to be refined, the ability to execute
planned exploration and future drilling programs, the need for additional funding to continue
exploration and development efforts, changes in general economic, market and business
conditions, and those other risks set forth in Wallbridge's most recent annual information form
under the heading "Risk Factors" and in its other public filings. Forward-looking statements are
not guarantees of future performance and such information is inherently subject to known and
unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the
control of Wallbridge. Although Wallbridge has attempted to identify important risks and factors
that could cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors and risks that cause actions, events or
results not to be as anticipated, estimated or intended. Consequently, undue reliance should not
be placed on such forward-looking statements. In addition, all forward-looking statements in this
press release are given as of the date hereof.
Wallbridge disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, save and except
as may be required by applicable securities laws. The forward-looking statements contained
herein are expressly qualified by this disclaimer.
SOURCE Wallbridge Mining Company Limited
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For further information: Please visit the Company's website at www.wallbridgemining.com or
contact: Wallbridge Mining Company Limited, Marz Kord, P. Eng., M. SC., MBA President & CEO, Tel:
(705) 682-9297 ext. 251, Email: [email protected], David Ellis Investor Relations, Tel:
(416) 704-0937, Email: [email protected]
CO: Wallbridge Mining Company Limited
CNW 12:04e 14-MAY-18