Fixing the Number of Directors.
99.96% of the shares voted in favour of fixing the number of directors of the Company at eight (8).
Election of Directors.
The following table sets out the votes in respect of the election of directors:
Nominee | % For | % Withheld |
100.00 | - | |
93.84 | 6.26 | |
100.00 | - | |
100.00 | - | |
Lazaros Nikeas | 88.75 | 11.25 |
100.00 | - | |
100.00 | - | |
94.91 | 5.09 |
Appointment of Auditors.
100% of shares voted were voted in favor of re-appointing
Re-Approval of Long-Term Incentive Plan and Certain TSX-V Amendments Thereto.
100% of the shares voted were voted in favour of re-approving the 10% rolling long-term incentive plan of the Company (the "Equity Incentive Plan"), including certain amendments thereto to comply with the requirements of the new
TSX-V Amendments and Type of Plan Amendment to Equity Incentive Plan.
94.91% of the shares voted were voted in favour, and 69.13% of shares held by disinterested shareholders voting were also voted in favour, of approving the TSX-V Amendments and the amendment to convert the Equity Incentive Plan to a hybrid plan, being a "rolling up to 10% and fixed up to 10% plan" as permitted by the TSX-V (the "Amended and Restated Equity Incentive Plan"). The Amended and Restated Equity Incentive Plan replaces and supersedes the Equity Incentive Plan. A summary of the material terms of the Amended and Restated Equity Incentive Plan is contained in the Circular, and a copy of the Amended and Restated Equity Incentive Plan is attached as Schedule "A" thereto, which, along with a copy of the Amended and Restated Equity Incentive Plan, is available under the Company's profile on SEDAR at www.sedar.com.
Stock Option Grants
The Company also announced that the Board of Directors have approved the grant of an aggregate of 20,000 stock options (the "Options") to two new leadership team members under the Company's Long-Term Incentive Program. The Options were granted pursuant to the Amended and Restated Equity Incentive Plan and are subject to the terms of the applicable award agreements and the requirements of the TSX-V. The Options are each exercisable to acquire one common share of the Company at a price of
About
Minto operates the producing Minto mine located in the Minto Copper Belt,
Neither the
Contact Information:
For further information:
Chief Financial Officer
(416) 895-4824
E-mail: info@mintomine.com
President & Chief Executive Officer
(647) 523-6618
SOURCE
© Canada Newswire, source