Result of AGM and Directorate Change
Source: RNS
Phoenix Copper Limited / Ticker: PXC / Sector: Mining
29 May 2024
Phoenix Copper Limited
('Phoenix' or the 'Company')
Result of Annual General Meeting and Directorate Change
Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF and PXCLY (ADRs)), the AIM-quoted USA-focused base and precious metals company, is pleased to announce that all of the resolutions put to shareholders at the Annual General Meeting ("AGM") held today were duly passed.
|
No. |
Ordinary Resolutions |
For |
Against |
Votes Withheld |
|
1 |
To receive and adopt the Company's annual accounts for the financial year ended 31 December 2023, together with the report of the directors of the Company and the auditors' report on those accounts. |
30,263,660 |
3,479,479 |
- |
|
2 |
To reappoint Crowe U.K. LLP as the Company's auditors. |
33,743,139 |
- |
- |
|
3 |
To authorise the directors of the Company to determine the auditors' remuneration. |
33,742,539 |
600 |
- |
|
4 |
To re-elect Marcus Edwards-Jones, who is retiring in accordance with Article 12 of the Company's Articles of Association and who, being eligible, offers himself for re-election. |
33,742,539 |
- |
600 |
|
5 |
To re-elect Richard Wilkins, who is retiring in accordance with Article 12 of the Company's Articles of Association and who, being eligible, offers himself for re-election. |
33,742,539 |
- |
600 |
|
6 |
To authorise the directors of the Company to allot and issue shares in the capital of the Company. |
33,742,353 |
786 |
- |
|
Special Resolution |
||||
|
7 |
To dis-apply the statutory pre-emption rights in respect of the allotment and issue of shares pursuant to the authority referred to in Resolution 6 above. |
33,700,739 |
41,800 |
600 |
Directorate Change
At the conclusion of the AGM, Andre Cohen, independent Non-Executive Director of the Company, retired from the Board and has now stepped down as a Director of the Company. The Board thanks him for his contribution to date and is pleased that Andre Cohen will remain with the Company as a member of the Advisory Board. The Company will seek to appoint an additional independent Non-Executive Director in due course.
For further information please visit https://phoenixcopperlimited.com.
Contacts
|
Phoenix Copper Limited |
Ryan McDermott Brittany Lock Richard Wilkins |
Tel: +1 208 954 7039 Tel: +1 208 794 8033 Tel: +44 7590 216 657 |
|
SP Angel Corporate Finance LLP (Nominated Adviser) |
David Hignell / Caroline Rowe/ Kasia Brzozowska |
Tel: +44 20 3470 0470 |
|
Tavira Financial Limited (Joint Broker) |
Jonathan Evans / Oliver Stansfield
|
Tel: +44 20 7100 5100 |
|
WH Ireland (Joint Broker) |
Harry Ansell / Katy Mitchell |
Tel: +44 20 7220 1666 |
|
Panmure Gordon (UK) Limited (Joint Broker) |
Mark Murphy / Will Goode / Joseph Tan |
Tel: +44 20 7886 2500 |
|
EAS Advisors (US Corporate Adviser) |
Matt Bonner / Rogier de la Rambelje |
Tel: +1 (646) 495-2225 |
|
BlytheRay |
Tim Blythe / Megan Ray |
Tel: +44 20 7138 3204 |
Notes
Phoenix Copper Limited is an emerging producer and exploration company specialising in base and precious metals, with an initial focus on copper, gold, and silver extraction from an open-pit mining operation within the United States.
Located in the historic Alder Creek mining district near Mackay, Idaho, Phoenix's flagship asset is the Empire Mine, in which the Company holds an 80% ownership stake. The historic Empire underground mine, located beneath the surface of the Company's proposed open pit, boasts a rich history of producing high-grade copper, gold, silver, zinc, and tungsten.
Since 2017, Phoenix has executed extensive drilling initiatives, resulting in the estimation of mineral reserves. The Proven and Probable reserves at Empire are 10.1 million tonnes containing 109,487,970 lbs of copper, 104,000 ounces of gold, and 4,654,400 ounces of silver, equating to 66,467 copper equivalent tonnes.
In addition to the Empire Mine, Phoenix's holdings in the district also encompass the Horseshoe, White Knob, and Blue Bird Mines, all of which have been producers of copper, gold, silver, zinc, lead, and tungsten from underground operations, a new high-grade silver and lead orebody at Red Star, and the Navarre Creek gold exploration project, which was first drilled in 2023. The Company's land package at Empire spans 8,434 acres (34.13 sq km).
Phoenix also owns two cobalt properties situated along the Idaho Cobalt Belt to the north of Empire. An Earn-In Agreement has been established concerning one of these properties.
Phoenix is listed on London's AIM (PXC), and trades on the New York OTCQX Market (PXCLF and PXCLY (ADRs)). More details on the Company, its assets and its objectives can be found on PXC's website at https://phoenixcopperlimited.com/
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