Nevada Copper Provides Update & AGM Results
02 Luglio 2014 - 2:00PM
Marketwired
Nevada Copper Provides Update & AGM Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 2, 2014) -
Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or "Company") is
pleased to provide an update on activities at the Pumpkin Hollow
Project, located near Yerington Nevada, and the results of its
Annual General Meeting held on Monday, June 30, 2014.
Project
Update
The sinking of the 24 foot diameter production sized shaft
continues with average sinking rates rising to the expected levels.
The shaft depth is currently at 950 feet - approximately half way
towards the 1906 foot depth of the main haulage level. The
mid-shaft pump station is now under excavation for approximately 10
days, after which shaft sinking will resume. Water inflows into the
shaft are minimal, due both to tighter ground conditions and
pumping from a nearby dewatering well, this has allowed for minimal
or no grouting requirements. Before halting for the pump station
excavation, the shaft contractor had several days at 9 to11 feet
per day of sinking - above the projected rate of 6 to 7 feet per
day.
Engineering and procurement continues at a pace that matches the
shaft completion timeline. Proposals have been received and the
selection of a construction management firm will occur when the
project has progressed further. This selection would allow for the
commencement of detailed construction planning. Major contracts for
vent shaft sinking, site preparation and the procurement of major
items of process plant equipment are finalized and will be executed
in due course.
Stage 2
Permitting
Based on on-going discussions with our Washington, DC
representation, we know that that the Nevada Senators and
Congressmen remain committed to passage of the Lyon County Economic
Development and Conservation Act ("the Bill") in 2014. They have
advised Nevada Copper, as well as Lyon County and the City of
Yerington, that this bill remains one of their top priorities and
that they are working very hard to complete the final procedural
steps in the House and the Senate to get the bills passed.
The Company has been conducting baseline studies for four years
now to support local, state and federal permitting, including
cultural, biological, surface water, air and groundwater resources.
There is no wilderness, federal jurisdictional waters, endangered
species or other sensitive resources or land use conflicts in the
project area.
Annual General Meeting
Results
The Company is pleased to announce the results from its 2014
Annual General Meeting (the "Meeting"), held on Monday, June 30th
in Vancouver, B.C. Shareholders holding a total of 55,582,783
common shares of the Company attended the meeting in person or were
represented by proxy, representing 69% of the total 80,501,458
common shares of the Company outstanding as of the record date. On
June 29, 2014, the Company received the resignation of Jan Castro
as a director of the Company, and therefore Mr. Castro was not
included as one of the management nominees for election to the
board of directors of the Company. Shareholders voted in favour of
all items of business before the Meeting, including the appointment
of auditors, and the election of all directors.
1. Appointment of
Auditor
KPMG was appointed as the Company's auditor and the directors
were authorized to fix the auditor's remuneration.
2. Determination of the
Number of Directors
The number of directors was determined at seven.
3. Election of
Directors
The following persons were elected as Directors of the Company
until the next annual meeting with the voting results shown
below:
Director |
Votes For |
% For |
Votes Against |
% Against |
Victor Bradley |
52,800,399 |
99.95 |
27,857 |
0.05 |
Giulio Bonifacio |
52,812,599 |
99.95 |
23,957 |
0.05 |
Michael Brown |
52,639,699 |
99.63 |
196,857 |
0.37 |
Philip Clegg |
52,802,399 |
99.95 |
25,857 |
0.05 |
Daniel Dumas |
52,809,199 |
99.95 |
27,357 |
0.05 |
Joseph Giuffre |
52,138,799 |
98.68 |
697,757 |
1.32 |
Paul Matysek |
52,139,799 |
98.68 |
696,757 |
1.32 |
Other
Business
In addition to the Directors elected at the Meeting, the Company
also announces the return of Mr. Michael Barton to its Board of
Directors as a representative of Pala Investments, replacing Mr.
Jan Castro who resigned on June 29, 2014.
Mr. Barton serves as the Chief Executive Officer of Pala
Investments and has been with Pala since 2007. Prior to joining
Pala Mr. Barton served as Vice President of Hatch Corporate
Finance. At Hatch Corporate Finance, he worked on a broad range of
transactions, advising a full spectrum of clients, from the mining
majors to emerging-market steel producers to junior mining
ventures. Prior to Hatch, Mr. Barton was with Deloitte & Touche
in London England. Mr. Barton is a qualified Chartered
Accountant.
Mr. Bonifacio, President & CEO, commented, "On behalf of
the Board of Directors and shareholders I would like to thank Jan
for his several years of service during which we advanced Nevada
Copper from early stage development to the construction phase. We
wish Jan continued success and the best in his future endeavours.
We would also like to welcome Michael Barton back to our Board and
we look forward to working with him as we continue to advance
Nevada Copper."
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
We seek safe harbor.
Nevada Copper Corp.Eugene ToffoloVP, Investor Relations &
Communications604-683-8266 or Toll Free:
1-877-648-8266etoffolo@nevadacopper.comNevada Copper Corp.Robert
McKnight, P.Eng., MBAExecutive Vice President &
CFO604-683-1309bmcknight@nevadacopper.com
Grafico Azioni Nevada Copper (TSX:NCU)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Nevada Copper (TSX:NCU)
Storico
Da Set 2023 a Set 2024