Euro Manganese : Announces Results of Annual General and Special Meeting
February 24, 2021 at 04:00 pm EST
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VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN") is pleased to announce that shareholders have voted in favor of all matters of business brought before them at the Company's Annual General & Special Meeting of shareholders (the "Meeting") held on February 24, 2021. Detailed results of the voting from the Meeting are set out below.
In respect of election of the Company's directors, all five management nominees standing for re-election were elected as set out below based on a vote conducted by ballot:
Nominee
Total Votes Cast
Votes For
% For
Votes Withheld (Abstained)
% Withheld (Abstained)
John Webster
88,509,094
87,410,678
98.76
1,098,416
1.24
Marco A. Romero
88,509,094
70,757,676
79.94
17,751,418
20.06
David B. Dreisinger
88,509,094
88,025,636
99.45
483,458
0.55
Gregory P. Martyr
88,509,094
88,076,310
99.51
432,784
0.49
Thomas M. Stepien
88,509,094
87,949,091
99.37
560,003
0.63
Other matters of business at the Meeting, all of which were also carried out and decided by ballot, were approved as set out below:
Total Votes
Votes For
% For
Votes Against
% Against
Votes Withheld /Abstained
Resolution 1 – Setting the number of directors of the Company at five
88,509,094
88,196,264
99.65
44,000
0.05
268,830
Resolution 3 – Approval of an increase in directors’ fees to non-executive directors(1)
88,509,094
85,633,342
96.75
2,400,262
2.71
475,490
Resolution 4 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company
88,848,677
88,192,268
99.26
Nil
Nil
656,409
Resolution 5 – Re-approval of the Company's Stock Option Plan (2)
88,509,094
86,969,421
98.26
894,085
1.01
645,588
(1)
In accordance with the rules of the Australian Securities Exchange (the "ASX"), shareholders of the Company also approved the increase in directors’ fees to non-executive directors by a majority of the votes cast, with the 13,458,173 votes cast by directors of the Company excluded from the vote. Based on this exclusion, the total number of votes cast was 75,050,921, of which 72,175,169 votes were cast for the resolution, representing 96.17% of the total votes cast, and 2,400,262 votes were cast against the resolution, representing 3.20% of the total votes cast.
(2)
In accordance with the rules of the ASX, shareholders of the Company also approved the Company's stock option plan by a majority of the votes cast, with the 13,458,173 votes cast by directors of the Company excluded from the vote. Based on this exclusion, the total number of votes cast was 75,050,921, of which 73,511,248 votes were cast for the resolution, representing 97.95% of the total votes cast, and 894,085 votes were cast against the resolution, representing 1.19% of the total votes cast.
In accordance with ASX Listing Rule 3.13.2(e), the following information is being provided for the aggregate number of securities for which valid proxies were received before the Meeting:
Nominee
Total Proxies Received
Proxy directed to vote For
Proxy directed to vote Against
Proxy directed to Abstained
Proxy could vote at their discretion
Resolution 1 – Setting the number of directors of the Company at five
88,509,094
88,196,264
44,000
268,830
Nil
Resolution 2 – Election of directors:
John Webster
88,509,094
87,410,678
N/A
1,098,416
Nil
Marco A. Romero
88,509,094
70,757,676
N/A
17,751,418
Nil
David B. Dreisinger
88,509,094
88,025,636
N/A
483,458
Nil
Gregory P. Martyr
88,509,094
88,076,310
N/A
432,784
Nil
Thomas M. Stepien
88,509,094
87,949,091
N/A
560,003
Nil
Resolution 3 – Approval of an increase in directors’ fees to non-executive directors(1)
75,050,921
72,175,169
2,400,262
475,490
Nil
Resolution 4 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company
88,509,094
88,192,268
Nil
656,409
Nil
Resolution 5 – Re-approval of the Company's Stock Option Plan (1)
75,050,921
73,511,248
894,085
645,588
Nil
(1)
Excludes 13,458,173 votes cast by proxy by directors of the Company.
A total of 88,509,094 common shares were voted in connection with the election of the directors and for resolutions 1, 3 and 5 above, representing approximately 27.74% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. A total of 88,848,677 common shares were voted in connection with resolution 4 above, representing approximately 27.85% of the issued and outstanding common 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 Euro Manganese Inc.
Euro Manganese Inc. is a Canadian waste recycling company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project, which will be operated by wholly-owned subsidiary, Mangan Chvaletice s.r.o., entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
Authorized for release by the CEO of Euro Manganese Inc.
Contact: Euro Manganese Inc.
Marco A. Romero President & CEO +604-681-1010 ext. 101
Euro Manganese Inc. is a Canada-based battery materials company. The Company is engaged in advancing development of the Chvaletice Project in the Czech Republic and exploring an opportunity to produce battery-grade manganese products in Becancour, Quebec. The Company is focused on the development of the Chvaletice deposit, which involves the re-processing of a readily leachable manganese deposit hosted in the tailings of a decommissioned mine in the Czech Republic (the Chvaletice Manganese Project), for the production of high-purity electrolytic manganese metal (HPEMM) and high-purity manganese sulphate monohydrate (HPMSM) and other manganese products, principally for use in lithium-ion batteries. The Company holds two exploration licenses for the Chvaletice Manganese Project, which is located approximately 90 km east of Prague in the Czech Republic.