TSX: TML OTCQX: TSRMF
TORONTO, June 15, 2018 /CNW/ - Treasury Metals Inc.
("Treasury Metals" or the "Company") (TSX:
TML), a gold exploration and development company focused on
Goliath Gold Project in northwestern Ontario, is pleased to provide below the
results of its annual and special meeting of shareholders (the
"Meeting") held on June 13,
2018.
At the Meeting, a total of 52,736,043 common shares ("Common
Shares") of the Company, were represented and all matters presented
for approval at the Meeting have been duly authorized and approved,
as follows:
(i)
|
election of all
management nominees to the Board of Directors of the
Company;
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|
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(ii)
|
fix the number of
members of the Board of Directors at six (6) and thereafter empower
the Board of Directors to determine from time to time the number of
directors within the minimum and maximum numbers provided for in
the Articles of the Company;
|
|
|
(ii)
|
appointment of RSM
Canada LLP as auditors of the Company for the ensuing year and
authorization of the directors to fix their
remuneration;
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|
|
iii)
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the adoption of a
shareholder rights plan agreement dated April 30, 2018, between the
Company and TSX Trust Company as Rights Agent; and,
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|
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iv)
|
the continuation of
the stock option plan of the Company.
|
The six nominees proposed by management were elected by
shareholders on a show of hands, with the detailed results for the
election of directors of the management proxy votes received,
including those in person, were as follows:
Name
|
Shares Voted For
(#)
|
Shares Voted For
(%)
|
Shares Withheld
(#)
|
Shares Withheld
(%)
|
Doug Bache
|
26,092,994
|
52.30
|
23,801,518
|
47.70
|
William
Fisher
|
46,258,594
|
92.71
|
3,635,918
|
7.29
|
Marc
Henderson
|
46,261,983
|
92.72
|
3,632,529
|
7.28
|
Chris
Stewart
|
49,649,386
|
99.51
|
245,126
|
0.49
|
Christophe
Vereecke
|
49,836,357
|
99.88
|
58,155
|
0.12
|
Flora Wood
|
46,227,780
|
92.65
|
3,666,732
|
7.35
|
As stated in the Company's Management Information Circular,
dated April 30, 2018, Blaise Yerly did not seek re-election to the
Board at the Meeting. Mr. Yerly has been a Director with Treasury
Metals since February 2008 and has
most recently served on the Compensation Committee.
"On behalf of the Board and management of the Company, I would
like to thank Blaise for his dedication and significant
contributions to Treasury," stated Chris
Stewart, the Company's President, CEO and Director.
The formal report on voting results with respect to all matters
voted upon at the meeting are filed on SEDAR.
Follow us on Twitter @TreasuryMetals
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused exploration and
development company with assets in Canada and is listed on the Toronto Stock
Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best
Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned
Goliath Gold Project in northwestern Ontario is slated to become one of
Canada's next producing gold
mines. With first-rate infrastructure currently in place and gold
mineralization extending to surface, Treasury Metals plans on the
initial development of an open pit gold mine to feed a 2,500 tonne
per day processing plant with subsequent underground operations in
the latter years of the mine life.
SOURCE Treasury Metals Inc.