Transition Metals Announces Results of the Annual and Special General Meeting of Shareholders
Transition Metals Announces Results of the
Annual and Special General Meeting of
Shareholders
Sudbury, Ontario--(Newsfile Corp. - April 6, 2022) - Transition Metals Corp (TSXV: XTM) ("
Transition
",
"the
Company
") is pleased to announce the results of the Annual and Special General Meeting of
Shareholders held on February 24, 2022 (the "
Meeting
").
Results of Annual and Special General Meeting
A total of 15,888,519 common shares were represented in person or by proxy at the Meeting,
representing 27.82% of the Company's issued and outstanding common shares. All directors nominated
as listed in the Management Information Circular dated January 19, 2022 (the "
Circular
"), were re-
elected, as shown in the following table below:
Nominee
Votes For
Votes Withheld
Thomas Atkins
14,349,342
95.61%
658,999
4.39%
Jon Baird
14,843,092
98.90%
165,249
1.01%
Jason Marks
14,422,275
96.10%
586,066
3.91%
Scott McLean
14,948,342
99.60%
59,999
0.40%
Brian Montgomery
14,942,092
99.56%
66,249
0.44%
William Pearson
14,843,092
98.90%
165,249
1.10%
At the Meeting, the shareholders of the Company also approved:
The re-appointment of McGovern Hurley LLP, Chartered Professional Accountants as the auditor
of the Company for the ensuing year and authorized the directors to fix their remuneration;
the Company's Omnibus Equity Incentive Compensation Plan as described in the Circular;
Matters Voted Upon
Voted For
Withheld or Against
Appointment of the Auditors
15,888,519
100.00%
0
0.00%
Remuneration of the Auditors
15,008,341
100.00%
0
0.00%
Omnibus Equity Incentive Compensation Plan
14,186,012
94.52%
822,329
5.48%
Transition Metals Corp
Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that
specializes in converting new exploration ideas into discoveries. The award-winning team of
geoscientists has extensive exploration experience which actively develops and tests new ideas for
discovering mineralization in places where others have not searched, often allowing the company to
acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a
portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize
shareholder's equity dilution.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes
"forward-looking information" within the meaning of Canadian securities law. Such forward-looking
information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding estimated capital and
operating costs, expected production timeline, benefits of updated development plans, foreign exchange
assumptions and regulatory approvals. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from such statements. Factors that could
cause actual results to differ materially include, among others, metal prices, competition, risks inherent in
the mining industry, and regulatory risks. Most of these factors are outside the control of the Company.
Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result of new information, future
events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Further information is available at
www.transitionmetalscorp.com
or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/119593