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 9, 2019
/CNW/ -
Wallbridge Mining Company Limited (TSX: WM, FWB: WC7)
("Wallbridge")
held its Annual and Special Meeting of Shareholders (the "
Meeting
") on
May 8,
2019
.
A total of 254,159,353 shares or 61% 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 21, 2019
("
MIC
"), were approved by the requisite majority of votes cast at the Meeting.
Voting on all matters was conducted by a show of hands except for the Private Placement
Resolution regarding the issuance of up to 29,166,667 common shares of Wallbridge by way of a
non-brokered private placement to
Eric Sprott
, as described in detail in the MIC, which was
conducted by ballot. A total of 231,265,771 votes, or 96%, were cast by ballot for the Private
Placement Resolution, 10,230,247 were cast by ballot against the Private Placement Resolution and
12,674,835 were not voted.
The following directors were elected until the next annual meeting of shareholders or until their
successors are otherwise duly elected or appointed: Alar Soever,
Faramarz (Marz) Kord
,
Parviz
Farsangi
, W.
Warren Holmes
,
Janet Wilkinson
,
Darryl Sittler
,
Shawn Day
and
Michael Pesner
. 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
Not Voted
Alar Soever
190,024,226
98.83%
2,243,200
1.17%
12,674,835
Faramarz (Marz) Kord
189,266,351
98.44%
3,001,075
1.56%
12,674,835
Parviz Farsangi
188,778,726
98.19%
3,488,700
1.82%
12,674,835
W. Warren Holmes
189,909,351
98.77%
2,358,075
1.23%
12,674,835
Janet Wilkinson
188,999,220
98.30%
3,268,206
1.70%
12,674,835
Darryl Sittler
189,048,726
98.33%
3,218,700
1.67%
12,674,835
Shawn Day
190,051,220
98.85%
2,216,206
1.15%
12,674,835
Michael Pesner
189,684,851
98.66%
2,582,575
1.34%
12,674,835
Additionally, setting the number of Directors at eight, confirmation of the appointment of KPMG as
the Company's auditors and approval of the Company's Omnibus Share Based Compensation Plan
were approved with votes of 99.09%, 99.38% and 97.74% respectively.
About Wallbridge Mining
Wallbridge is establishing 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 35,000-tonne bulk sample. Wallbridge is also pursuing 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
. As part of
this strategy, the Company recently optioned the Beschefer Project, an advanced gold property with
proven size and grade-potential near Fenelon Gold. 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 exploration for copper and gold in
Jamaica
and
British Columbia
through its 11.3% ownership of Carube Copper Corp. (CUC: TSX-V, formerly Miocene Resources
Limited, a Wallbridge spin-out of its BC assets).
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]; Brian Penny, Chief Financial
Officer, Tel: (416) 716-8346, Email: [email protected]
CO: Wallbridge Mining Company Limited
CNW 16:43e 09-MAY-19