Ascendant Resources Announces Results of Annual Shareholder’s Meeting
September 11 2020 - 1:26PM
Ascendant Resources Inc. (TSX: ASND) ("Ascendant"
or the "Company”) is pleased to announce the voting results of the
Company’s 2020 Annual Shareholder’s Meeting (the “Meeting”) held
earlier today, September 11, 2020 in Toronto, Ontario.
A total of 22,195,340 common shares were voted
at the Meeting, representing 27.21% of the votes attached to all
outstanding common shares of the Company.
All matters presented for shareholder approval
at the Meeting were duly authorized and approved as follows:
- To set the number of Directors to be elected at seven.
- Election of Directors.
- To re-appoint KPMG LLP as the Company’s auditors for the
ensuing year.
Detailed voting results for the election of
directors were as follows:
Name |
Shares Voted For |
% |
Shares Withheld/Abstain |
% |
Mark Brennan |
18,734,570 |
93.36 |
1,332,539 |
6.64 |
Chris Buncic |
18,734,570 |
93.36 |
1,332,539 |
6.64 |
Stephen Shefsky |
18,734,570 |
93.36 |
1,332,539 |
6.64 |
Robert Campbell |
19,034,570 |
94.85 |
1,032,539 |
5.15 |
Petra Decher |
19,042,770 |
94.90 |
1,024,339 |
5.10 |
Rui Botica Santos |
19,044,503 |
94.90 |
1,022,606 |
5.10 |
Kurt Menchen |
19,042,770 |
94.90 |
1,024,339 |
5.10 |
For further details regarding the voting results
of the 2020 Meeting, please refer to the Company’s Report of Voting
Results filed on SEDAR at www.sedar.com.
About Ascendant Resources
Inc.
Ascendant Resources Inc. is a Toronto-based
mining company focused on the exploration and development of the
highly prospective Lagoa Salgada VMS project located on the
prolific Iberian Pyrite Belt in Portugal. Through focused
exploration and aggressive development plans, the Company aims to
unlock the inherent potential of the project, maximizing value
creation for shareholders.
Lagoa Salgada contains over 12.8 million tonnes
of M&I Resources and over 10.3 million tonnes in Inferred
Resources and demonstrates typical mineralization characteristics
of Iberian Pyrite Belt VMS deposits containing zinc, copper, lead,
tin, silver and gold. Extensive exploration upside potential lies
both near deposit and at prospective step-out targets across the
large 10,700ha property concession. The project also demonstrates
compelling economics with scalability for future resource growth in
the results of the Preliminary Economic Assessment completed in
2020. Located just 80km from Lisbon, Lagoa Salgada is easily
accessible by road and surrounded by exceptional Infrastructure.
Ascendant holds a 21.25% interest in the Lagoa Salgada project
through its 25% position in Redcorp - Empreendimentos Mineiros,
Lda, (“Redcorp”) and has an earn-in opportunity to increase its
interest in the project to 80%. Mineral & Financial Investments
Limited owns the additional 75% of Redcorp. The remaining 15% of
the project is held by Empresa de Desenvolvimento Mineiro, S.A.
(EDM), a Portuguese Government owned company supporting the
strategic development of the country’s mining sector. The Company’s
interest in the Lagoa Salgada project offers a low-cost entry to a
potentially significant exploration and development opportunity,
already demonstrating its mineable scale.
Ascendant Resources is also engaged in the
ongoing evaluation of producing and development stage mineral
resource opportunities. The Corporation's common shares are
principally listed on the Toronto Stock Exchange under the symbol
"ASND". For more information on Ascendant Resources, please visit
our website at www.ascendantresources.com.
Neither the Toronto Stock Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX) accepts responsibility for the adequacy or
accuracy of this release. For further information please
contact:
Katherine PrydeCommunications & Investor
RelationsTel: 888-723-7413info@ascendantresources.com
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