Silver Bear Provides Shareholder Meeting Results
June 27 2018 - 5:01PM
Silver Bear Resources Plc (“Silver Bear” or the “Company”)
(TSX:SBR) announces that shareholders have voted in favour of all
items of business brought before them at the Company’s Annual
General Meeting (the “Meeting”) held today in Moscow, Russia.
Detailed results of the voting from the Meeting are set out below.
Matter Voted
On(1) |
Votes For |
Votes Against |
Votes Withheld |
Number |
% |
Number |
% |
Number |
% |
Ordinary Resolution 1 – Receiving the Financial
Statements of the Corporation |
550,293,536 |
99.99 |
0 |
0.00 |
40,000 |
0.01 |
Ordinary Resolution 2 – Appointing Auditors |
554,760,410 |
99.99 |
5,200 |
0.00 |
65,000 |
0.01 |
Ordinary Resolution 3 – Approving Auditors’
Remuneration |
550,262,356 |
99.99 |
6,200 |
0.00 |
65,000 |
0.01 |
Ordinary Resolution 4 - Electing Maxim Matveev as
a director of the Corporation |
550,292,556 |
99.99 |
41,000 |
0.01 |
0 |
0.00 |
Ordinary Resolution 5 – Re-electing Dominic
Gualtieri as a director of the Corporation |
550,268,556 |
99.99 |
41,000 |
0.01 |
25,000 |
0.00 |
Ordinary Resolution 6 – Re-electing Graham Hill as
a director of the Corporation |
550,292,556 |
99.99 |
41,000 |
0.01 |
0 |
0.00 |
Ordinary Resolution 7 – Re-electing Alexey Sotskov
as a director of the Corporation |
550,267,556 |
99.99 |
41,000 |
0.01 |
25,000 |
0.00 |
Ordinary Resolution 8 – Re-electing Christopher
Westdal as a director of the Corporation |
550,292,556 |
99.99 |
41,000 |
0.01 |
0 |
0.00 |
Ordinary Resolution 9 – Authorise the allotment of
shares of the Corporation |
550,218,156 |
99.98 |
115,400 |
0.02 |
0 |
0.00 |
Ordinary Resolution 10 – Approving the Facilities
Agreement Amendments(2) |
4,510,415 |
97.51 |
115,400 |
2.49 |
0 |
0.00 |
Special Resolution 11 – Approving the
disapplication of the Pre-emptive Rights |
550,596,956 |
99.97 |
146,600 |
0.03 |
0 |
0.00 |
Note:
- Voting on Ordinary Resolutions 1-9 at the Meeting was conducted
by a show of hands. The voting results on these matters represent
the proxy votes entitled to vote at the Meeting.
- The vote on Ordinary Resolution 10 was a disinterested
shareholder vote, as required by the rules of the Toronto Stock
Exchange.
In accordance with the policies of the TSX,
disinterested shareholders of the Company approved certain
amendments to the Company’s existing facilities agreement (being
Ordinary Resolution 10), including the payment of interest on a
US$20 million term loan facility tranche (“Tranche F”) and the
extension of the maturity date of the facilities agreement, other
than Tranche F, from September 20, 2020 to March 20, 2022. See the
management information circular of the Company dated May 31, 2018
for additional details on the facilities agreement amendments,
which is available under the Company’s profile on SEDAR at
www.sedar.com.
A total of 554,830,610 ordinary shares were
voted in connection with the Meeting, representing approximately
82.76% of the issued and outstanding ordinary shares of the Company
eligible to vote at the Meeting. The results of all matters
considered at the Meeting are reported in the Report of Voting
Results as filed by the Company on SEDAR at www.sedar.com.
About Silver Bear
Silver Bear (TSX:SBR) is focused on the
development of its wholly-owned Mangazeisky Silver Project,
covering a licence area of approximately 570 km2 that includes
the high-grade Vertikalny deposit (amongst the highest- grade
silver deposits in the world), located 400 km north of Yakutsk in
the Republic of Sakha within the Russian Federation. The Company
was granted a 20-year mining licence for the Vertikalny deposit in
September 2013 and filed an updated Feasibility Study in August
2017. Project construction and permitting is advancing with first
silver production having commenced in late 2Q 2018. Other
information relating to Silver Bear are available on SEDAR at
www.sedar.com as well as on the Company’s website at
www.silverbearresources.com.
Contact Information:
Graham HillPresident and Chief Executive OfficerT: +7 916 731
5673info@silverbearresources.com Buchanan UK Bobby
Morse T: + 44 (0) 20 7466 5000 Anna Michniewicz T: +44(0) 20 7466
5146 |
Judith WebsterInvestor Relations Manager & Corporate
SecretaryT: +416 453 8818jwebster@silverbearresources.com
|
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