A total of 74,293,946 common shares of the Company were represented at the AGSM, representing 35.21% of the Company's outstanding common shares as at the record date of
The following voting results are based on the total number of votes that were cast at the 2022 AGSM:
Appointment of Auditors | For | Withheld | Outcome |
Appoint | 72,792,527 (97.98%) | 1,501,419 (2.02%) | Carried |
Number of Directors | For | Against | Outcome |
Set the number of directors at five (5) | 74,290,577 (100.00%) | 3,369 (0.00%) | Carried |
Election of Directors | For | Withheld | Outcome |
Elect the following nominees as directors of the Company | |||
| 74,280,027 (99.98%) | 13,919 (0.02%) | Carried |
| 72,778,527 (97.96%) | 1,515,419 (2.04%) | Carried |
| 72,450,402 (97.52%) | 1,843,544 (2.48%) | Carried |
| 71,867,802 (96.73%) | 2,426,144 (3.27%) | Carried |
| 70,532,819 (94.94%) | 3,761,127 (5.06%) | Carried |
Long Term Incentive Plan | For | Against | Outcome |
Approve the Company's Long Term Incentive Plan | 71,190,555 (95.82%) | 3,103,391 (4.18%) | Carried |
Advance Notice Provisions | For | Against | Outcome |
Approve an alteration to the Company's Articles to include advance notice provisions, as more particularly described in the Information Circular. | 58,421,503 (78.64%) | 15,872,443 (21.36%) | Carried |
A report on all items of business voted at the AGSM has been filed on SEDAR (www.sedar.com).
About
Foran trades on the TSX.V under the symbol "FOM" and on the OTCQX under the symbol "FMCXF".
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management's current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company's ability to develop the
These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve and resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; success of the Company's projects, including the
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in zinc, copper, gold and silver prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the
These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.
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