MONTAGE GOLD ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS
As per the nominees set forth,
Non-Executive Chairman |
|
Chief Executive Officer |
|
President & Chief Development Officer |
|
Chief Financial Officer |
|
Incoming Chief Financial Officer, effective |
|
Corporate Secretary |
|
At the Meeting the shareholders also approved the reappointment of
A total of 102,881,471 common shares were voted, representing 43.03% of the Company's issued and outstanding common shares as at the record date of April 26, 2024. Detailed voting results for the 2024 Annual General Meeting are shown below and are available on SEDAR at www.sedarplus.ca.
|
Actual Votes |
Actual Votes |
Percentage |
Percentage |
Appointment of Auditor |
102,881,371 |
100 |
99.9999 % |
0.0001 % |
Election of Directors: |
|
|
|
|
i) |
102,881,471 |
- |
100.00 % |
0.00 % |
ii) |
102,866,471 |
15,000 |
99.99 % |
0.01 % |
iii) |
102,881,470 |
1 |
99.999999 % |
0.000001 % |
iv) |
102,866,471 |
15,000 |
99.99 % |
0.01 % |
v) |
102,881,471 |
- |
100.00 % |
0.00 % |
vi) |
102,881,471 |
- |
100.00 % |
0.00 % |
Approval of Omnibus Equity Incentive Plan |
96,803,044 |
6,078,427 |
94.09 % |
5.91 % |
Neither
ABOUT
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, "Forward-looking Statements"). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as "will", "intends", "proposed" and "expects" or similar expressions are intended to identify Forward-looking Statements. Forward looking Statements in this press release include statements related to the use of proceeds from the Offering; the final acceptance of the
NON-GAAP MEASURES
This press release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including cash costs and AISC (or "all-in sustaining costs") per payable ounce of gold sold and per tonne processed and mining, processing and operating costs reported on a unit basis. Non-GAAP measures do not have any standardized meaning prescribed under IFRS and, therefore, they may not be comparable to similar measures employed by other companies. The Company discloses "cash costs" and "all-in sustaining costs" and other unit costs because it understands that certain investors use this information to determine the Company's ability to generate earnings and cash flows for use in investing and other activities. The Company believes that conventional measures of performance prepared in accordance with IFRS, do not fully illustrate the ability of mines to generate cash flows. The measures, as determined under IFRS, are not necessarily indicative of operating profit or cash flows from operating activities. The measures cash costs and all-in sustaining costs and unit costs are considered to be key indicators of a project's ability to generate operating earnings and cash flows. Non-GAAP financial measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of operating costs, operating profit or cash flows presented under IFRS. Readers should also refer to our management's discussion and analysis, available under our corporate profile at www.sedarplus.ca for a more detailed discussion of how we calculate such measures.
View original content to download multimedia:https://www.prnewswire.com/news-releases/montage-gold-announces-annual-general-and-special-meeting-results-302167862.html
SOURCE