Additionally, the Company is pleased to announce the appointment of executives to its primary Mongolian subsidiary,
Appointment of Board and Executive
At the Meeting, shareholders voted in favour of Erdene management’s nominees to the board of directors, with details of the proxy voting results as follows:
Nominee | Votes For | % For | Votes Against | % Against |
202,962,603 | 99.67 | 663,285 | 0.33 | |
Dr. | 202,962,603 | 99.67 | 663,285 | 0.33 |
202,354,603 | 99.38 | 1,271,285 | 0.62 | |
202,962,603 | 99.67 | 663,285 | 0.33 | |
202,362,603 | 99.38 | 1,263,285 | 0.62 | |
202,962,603 | 99.67 | 663,285 | 0.33 | |
202,962,603 | 99.67 | 663,285 | 0.33 | |
202,844,603 | 99.62 | 781,285 | 0.38 |
Following the Meeting, Erdene’s board of directors appointed its officers for the coming year, namely: President and Chief Executive Officer –
Additionally,
Having served as Erdene’s Vice President Business Development since 2015, Mr. Ankhbayar is a seasoned executive with North American and Mongolian experience. Since returning to
Prior to his appointment as Chief Development Officer, Jon has been employed as Erdene’s Vice President Projects since 2021, with responsibility for the overall delivery of the company’s projects within scope, budget, and schedule aligned to the business case and the Company’s vision for safety and sustainability. Previously, he led the government permitting processes required to advance Erdene’s mineral exploration and mining projects and maintained oversight of Health, Safety, Environment, and Community Relations performance for the Company. Jon has lived and worked in
Auditor Re-Appointed
Approval of Omnibus Equity Incentive Plan
Shareholders approved the omnibus equity incentive plan (“Omnibus Plan”), subject to final approval of the
Approval of Continuance of the Shareholder Rights Plan
At the Meeting, shareholders approved the continuance of the shareholder rights plan (“Rights Plan”). The Rights Plan was adopted by Erdene’s board of directors to ensure the fair treatment of shareholders in connection with any takeover offer for the Company. Under the terms of the Rights Plan, the shareholders of Erdene must affirm the Rights Plan every three years.
About Erdene
Forward-Looking Statements
Certain information regarding Erdene contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Erdene believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Erdene cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Erdene currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain required third party approvals, market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. The Company does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS RELEASE
Erdene Contact Information
Phone: | (902) 423-6419 |
Email: | info@erdene.com |
Twitter: | https://twitter.com/ErdeneRes |
Facebook: | https://www.facebook.com/ErdeneResource |
LinkedIn: | https://www.linkedin.com/company/erdene-resource-development-corp-/ |
YouTube: | https://www.youtube.com/channel/UCILs5s9j3SLmya9vo2-KXoA |
Source:
2023 GlobeNewswire, Inc., source