Ascot Resources Announces Results of Annual General Meeting Held June 22, 2021
June 22 2021 - 03:31PM
Ascot Resources Ltd. (TSX: AOT; OTCQX:
AOTVF) (“
Ascot” or the
“
Company”) reports that at its annual general
meeting (the "AGM") held today, June 22, 2021, Ascot's shareholders
approved by majority: to elect all seven directors standing for
re-election; to re-appoint PricewaterhouseCoopers LLP as the
Company's auditor; the Advance Notice Policy of the Company; and
the philosophy and design of the Company’s executive compensation.
Detailed results of
the votes held by ballot at the AGM are set out below:
Nominee |
Total VotesCast |
Total VotesCast For |
VotesWithheld |
%For |
%Withheld |
William Bennett |
169,120,902 |
162,568,232 |
6,552,670 |
96.13 |
3.87 |
Kenneth Carter |
169,096,477 |
169,023,363 |
73,114 |
99.96 |
0.04 |
Robert Evans |
169,120,902 |
169,039,438 |
81,464 |
99.95 |
0.05 |
Don Njegovan |
169,120,902 |
164,360,065 |
4,760,837 |
97.18 |
2.82 |
James Stypula |
169,096,477 |
152,446,551 |
16,649,926 |
90.15 |
9.85 |
Andree St-Germain |
169,120,902 |
169,042,639 |
78,263 |
99.95 |
0.05 |
Rick Zimmer |
169,120,902 |
155,842,133 |
13,278,769 |
92.15 |
7.85 |
|
Total VotesCast |
Total VotesCast For |
Total Votes CastAgainst |
%For |
%Against |
Advance Notice Policy |
169,120,902 |
167,569,525 |
1,551,377 |
99.08 |
0.92 |
Non-binding Resolution on the Company’s Executive Compensation |
169,120,903 |
155,418,341 |
13,702,562 |
91.90 |
8.10 |
On behalf of the
Board, Derek White, President and CEO of Ascot, extends his thanks
to the shareholders of the Company for their continued support.
Please join Derek White via webcast on June 22,
2021 at 2:00pm PT for an update on the 2021 drilling season and
progress on development. Please join 5 – 10 minutes prior to the
scheduled time by using: webcast
http://services.choruscall.ca/links/ascot20210622.html or
telephone: toll free Canada/USA 1-800-319-4610; International
1-604-638-5340.
ON BEHALF OF THE BOARD OF DIRECTORS OFASCOT RESOURCES
LTD.
“Derek C. White”, President and
CEO
For further information contact:David Steward,
P.Eng.VP, Corporate Development & Shareholder
Communicationsdstewart@ascotgold.com(647) 294-8361
About Ascot Resources Ltd.
Ascot is a Canadian-based exploration and
development company focused on re-starting the past producing
historic Premier gold mine, located in British Columbia's Golden
Triangle. The Company continues to define high-grade resources for
underground mining with the near-term goal of converting the
underground resources into reserves, while continuing to explore
nearby targets on its Premier/Dilworth and Silver Coin properties
(collectively referred to as the Premier Gold Project). Ascot's
acquisition of IDM Mining added the high-grade gold and silver Red
Mountain Project to its portfolio and positions the Company as a
leading consolidator of high-quality assets in the Golden
Triangle.
For more information about the Company, please
refer to the Company’s profile on SEDAR at www.sedar.com or visit
the Company’s web site at www.ascotgold.com, or for a virtual tour
visit www.vrify.com under Ascot Resources.
The Toronto Stock Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Regarding Forward-Looking
Information
All statements, trend analysis and other
information contained in this press release about anticipated
future events or results constitute forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as “seek”, “anticipate”, “believe”, “plan”,
“estimate”, “expect” and “intend” and statements that an event or
result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. All statements, other than
statements of historical fact, included herein are forward-looking
statements, including statements in respect of the closing of the
Private Placement and the use of proceeds. Although Ascot believes
that the expectations reflected in such forward-looking statements
and/or information are reasonable, undue reliance should not be
placed on forward-looking statements since the Ascot can give no
assurance that such expectations will prove to be correct. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements, including the risks, uncertainties and other factors
identified in the Ascot’s periodic filings with Canadian securities
regulators, and assumptions made with regard to: the estimated
costs associated with construction of the Project; the timing of
the anticipated start of production at the Projects; the ability to
maintain throughput and production levels at the Premier Mill; the
tax rate applicable to the Company; future commodity prices; the
grade of Resources and Reserves; the ability of the Company to
convert inferred resources to other categories; the ability of the
Company to reduce mining dilution; the ability to reduce capital
costs. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking statements. Important factors that
could cause actual results to differ materially from Ascot’s
expectations include risks associated with the business of Ascot;
risks related to exploration and potential development of Ascot’s
projects; business and economic conditions in the mining industry
generally; fluctuations in commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results
and the geology, continuity and grade of mineral deposits; the need
for cooperation of government agencies and indigenous groups in the
exploration and development of properties and the issuance of
required permits; the need to obtain additional financing to
develop properties and uncertainty as to the availability and terms
of future financing; the possibility of delay in exploration or
development programs and uncertainty of meeting anticipated program
milestones; uncertainty as to timely availability of permits and
other governmental approvals; risks associated with COVID-19
including adverse impacts on the world economy, construction timing
and the availability of personnel; and other risk factors as
detailed from time to time and additional risks identified in
Ascot’s filings with Canadian securities regulators on SEDAR in
Canada (available at www.sedar.com). The timing of future economic
studies; labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals, financing or in the
completion of Project as well as those factors discussed in the
Annual Information Form of the Company dated March 26, 2021 in the
section entitled "Risk Factors", under Ascot’s SEDAR profile at
www.sedar.com. Forward-looking statements are based on estimates
and opinions of management at the date the statements are made.
Ascot does not undertake any obligation to update forward-looking
statements.
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