Foran Announces Results of Annual and Special Meeting
A total of 171,528,263 common shares of the Company were represented at the Meeting, representing 56.2% of the Company's outstanding common shares as at the record date of
The following voting results are based on the total number of votes that were cast at the Meeting:
Appointment of Auditors |
For |
Withheld |
Outcome |
Appoint |
170,937,397 (99.7 %) |
590,866 (0.3 %) |
Carried |
Number of Directors |
For |
Against |
Outcome |
Set the number of directors at seven (7) |
171,527,123 (100.0 %) |
1,140 (0.0 %) |
Carried |
Election of Directors |
For |
Withheld |
Outcome |
Elect the following nominees as directors of the Company |
|
|
|
|
170,372,617 (99.3 %) |
1,155,646 (0.7 %) |
Carried |
|
171,527,394 (100.0 %) |
869 (0.0 %) |
Carried |
|
171,280,930 (99.9 %) |
247,333 (0.1 %) |
Carried |
|
154,744,372 (90.2 %) |
16,783,891 (9.8 %) |
Carried |
|
170,228,127 (99.2 %) |
1,300,136 (0.8 %) |
Carried |
|
170,230,168 (99.2 %) |
1,298,085 (0.8 %) |
Carried |
|
171,370,029 (99.9 %) |
158,234 (0.1 %) |
Carried |
Employee Share Purchase Plan |
For |
Against |
Outcome |
Approve the Company's Employee Share Purchase Plan |
150,216,498 (87.6 %) |
21,311,765 (12.4 %) |
Carried |
Alteration to Articles |
For |
Against |
Outcome |
Approve the alteration of the Company's Articles to remove the provisions of Section 15 which permit the appointment of alternate directors |
149,596,384 (87.2 %) |
21,931,879 (12.8 %) |
Carried |
A report on all items of business voted at the Meeting has been filed on SEDAR+ (www.sedarplus.ca).
The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65km West of
The McIlvenna Bay Deposit is the largest undeveloped VHMS deposit in the region. The Company announced the results from its NI 43-101 compliant Technical Report on the Feasibility Study for the McIlvenna Bay Deposit (the "McIlvenna Feasibility Study") on
The Company's head office is located at
SOURCE