ValOre Metals Corp. Announces Voting Results of AGM
June 25 2020 - 5:00PM
ValOre Metals Corp. (VO:TSX-V)
(“ValOre” or the “Company”) today announced the Annual General
Meeting voting results.
ValOre is pleased to announce the voting results
of its recent annual general meeting of shareholders ("AGM"), which
was held on June 24, 2020. Shareholders approved the business items
of setting the size of the Board of Directors at six, including the
election of each director nominee. Detailed voting results are as
follows:
Nominee |
# Voted For |
%Voted For |
# Votes Withheld |
% Votes Withheld |
James Paterson |
21,512,318 |
99.70 |
65,314 |
0.30 |
Dale Wallster |
21,486,818 |
99.58 |
90,814 |
0.42 |
James Malone |
21,486,818 |
99.58 |
90,814 |
0.42 |
Garth Kirkham |
21,486,818 |
99.58 |
90,814 |
0.42 |
Luis Azevedo |
21,486,648 |
99.58 |
90,984 |
0.42 |
Brian McMaster |
21,480,762 |
99.55 |
96,870 |
0.45 |
Shareholders also approved the appointment
Davidson & Company LLP, as the auditors of ValOre by 98.30% of
votes in favor, while the Stock Option Plan and resolution
authorizing the continuation of the Company's Rolling Stock Option
Plan was approved with 99.29% in favor.
The composition of the committees of the Board
of Directors, all members being independent directors, are as
follows:
- Audit: Dale Wallster (Chair), James Malone, Garth Kirkham
- Compensation: Garth Kirkham (Chair), Dale Wallster, James
Malone
- Corporate Governance: James Malone (Chair), Dale Wallster,
Garth Kirkham
About ValOre Metals Corp.
ValOre Metals Corp.
(TSX‐V: VO) is a
Canadian company with a portfolio of high‐quality exploration
projects. ValOre’s team aims to deploy capital and knowledge on
projects which benefit from substantial prior investment by
previous owners, existence of high-value mineralization on a large
scale, and the possibility of adding tangible value through
exploration, process improvement, and innovation.
In May 2019, ValOre announced the acquisition of
the Pedra Branca Platinum Group Elements (PGE) property, in Brazil,
to bolster its existing Angilak uranium, Genesis/Hatchet uranium
and Baffin gold projects in Canada.
The Pedra Branca PGE Project comprises 38
exploration licenses covering a total area of 38,940 hectares
(96,223 acres) in northeastern Brazil. At Pedra Branca, 5 distinct
PGE+Au deposit areas host, in aggregate, a NI 43-101 Inferred
Resource of 1,067,000 ounces 2PGE+Gold (Palladium, Platinum and
Gold; Pd, Pt+Au) contained in 27.2 million tonnes (“Mt”) grading
1.22 grams 2PGE+Gold per tonne (“g 2PGE+Au/t”) (see ValOre’s July
23, 2019 news release). PGE mineralization outcrops at surface and
all of the inferred resources are potentially open pittable.
Comprehensive exploration programs have
demonstrated the "District Scale" potential of ValOre’s
89,852-hectare Angilak Property in Nunavut Territory, Canada that
hosts the Lac 50 Trend having a NI 43‐101 Inferred Resource of
2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds
U3O8U3O8. ValOre's. For disclosure related to the inferred resource
for the Lac 50 Trend uranium deposits, please refer to ValOre's
news release of March 1, 2013.
ValOre’s team has forged strong relationships
with sophisticated resource sector investors and partner Nunavut
Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold
Properties. ValOre was the first company to sign a comprehensive
agreement to explore for uranium on Inuit Owned Lands in Nunavut
Territory and is committed to building shareholder value while
adhering to high levels of environmental and safety standards and
proactive local community engagement.
On behalf of the Board of Directors,
"Jim Paterson"
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about, ValOre Metals
Corp. or this news release, please visit our website at
www.valoremetals.com or contact Investor Relations toll free
at 1.888.331.2269, at 604.646.4527, or by email at
contact@valoremetals.com.
ValOre Metals Corp. is a proud member of
Discovery Group. For more information please visit:
www.discoverygroup.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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