Candente Copper announces Election of Directors and Voting Results for the 2022 Annual General Meeting
June 23 2022 - 6:00AM
Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CCOUF) ("Candente
Copper" or the "Company") announces the voting results for its
Annual General Meeting of shareholders held on Wednesday, June 22,
2022 in Vancouver, British Columbia.
A total of 100,117,276 common shares,
representing 37.12% of the Company’s outstanding shares were
represented at the Meeting and all motions put forward were
passed.
The following sets forth a summary of the voting
results:
Number of Directors
The number of Directors was set at seven.
Votes
For: |
97.32 % |
Votes Against: |
2.68 % |
Election of Directors
The following nominees were elected as Directors
to hold office until the next annual meeting of shareholders of the
Company or until their successors are elected or appointed.
Directors |
Votes For |
Votes Withheld |
Joanne C. Freeze |
39,159,070 (42.12%) |
53,805,373 (57.88%) |
Sean I. Waller |
39,046,670 (42%) |
53,917,773 (58%) |
Giulio Bonifacio |
92,537,775 (99.54%) |
426,668 (0.46%) |
George Elliott |
39,095,430 (42.05%) |
53,869,013 (57.95%) |
Andres J. Milla |
38,251,030 (41.15%) |
54,713,413 (58.85%) |
Christine Nicolau |
91,968,670 (98.93%) |
995,773 (1.07%) |
Luis Miguel Inchaustegui |
92,593,074 (99.6%) |
371,368 (0.4%) |
In accordance with the Company’s Majority Voting
Policy, the Company anticipates that each of Joanne C. Freeze, Sean
I. Waller, George Elliott and Andres J. Milla will offer their
resignation as a Director of the Company, as each of these persons
received a greater number of votes withheld than votes in favour of
their election as a Director. Following the Company’s receipt of
these resignations, the Company’s Board of Directors will determine
whether or not to accept the resignations in accordance with the
Majority Voting Policy, with each of the Directors who have offered
their resignation abstaining from the decision-making process.
Appointment of Auditor
Kreston GTA LLP were appointed as Auditors of the Company for
the ensuing year at a remuneration to be fixed by the
Directors.
Votes
For: |
99.75 % |
Votes Withheld: |
0.25 % |
About Candente Copper
The Company’s flagship project is Cañariaco,
within which Cañariaco Norte, is the 10th largest late-stage copper
resource in the world and 5th highest in grade (RFC Ambrian,
December 2021 and Haywood, December 2021). In addition to Cañariaco
Norte, the Cañariaco Project, includes the Cañariaco Sur deposit
and Quebrada Verde prospect, all within a 4km NE-SW trend in
northern Peru’s prolific mining district.
The Company is very pleased to now have
Cañariaco Norte included in 4 research reports that compare various
global copper projects. RFC Ambrian: Cañariaco
Norte in top 10 of 23 projects with potential to involve third
party M&A (December 2021); Haywood: Cañariaco
Norte is one of 18 assets selected as likely to be considered by
majors looking to acquire (December 2021); Deutsche
Bank: Cañariaco Norte identified as one of 3 projects
required to meet the upcoming copper supply-demand gap (February
2021); Goldman Sachs: Cañariaco Norte identified
with incentive copper price in the lowest quartile of the top 84
copper projects worldwide (October 2018).
Cautionary Note Regarding Forward Looking
Statements
This press release contains forward-looking
information within the meaning of Canadian securities laws
(“forward-looking statements”). Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, plans, postulate and similar expressions, or are
those, which, by their nature, refer to future events. All
statements that are not statements of historical fact are
forward-looking statements. These forward-looking statements are
made as of the date of this press release. Although the Company
believes the forward-looking statements in this press release are
reasonable, it can give no assurance that the expectations and
assumptions in such statements will prove to be correct. The
Company cautions investors that any forward-looking statements by
the Company are not guarantees of future results or performance,
and are subject to risks, uncertainties, assumptions and other
factors which could cause events or outcomes to differ materially
from those expressed or implied by such forward-looking statements.
Such factors and assumptions include, among others, the resignation
of certain directors of the Company. In addition, there are known
and unknown risk factors which could cause our actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by the
forward-looking statements. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. We are under no obligation to update or alter any
forward-looking statements except as required under applicable
securities laws.
On behalf of the Board of Candente
Copper Corp.
“Joanne C. Freeze” P.Geo., President, CEO and
Director
For further information please contact:
Joanne C. Freeze, President, CEO and Director +1
604 512
3359or Giulio T.
Bonifacio, Executive Chair and Director +1 604 318 6760
info@candentecopper.comwww.candentecopper.com
NR-153
Candente Copper (TSX:DNT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Candente Copper (TSX:DNT)
Historical Stock Chart
From Apr 2023 to Apr 2024