Mr.
Mr.
Meeting Results
Capitalized terms not otherwise defined in this news release shall have the meanings ascribed thereto in the Company’s Management Proxy Circular dated
The voting results of the business of the Meeting are summarized as follows:
MOTION | Votes For | % For | Votes Against | % Against | Votes Withheld | % Withheld |
Number of directors set at seven | 261,188,865 | 99.93 | 181,337 | 0.07 | N/A | N/A |
Election of | 258,480,629 | 99.93 | 192,141 | 0.07 | N/A | N/A |
Election of | 258,491,629 | 99.93 | 181,141 | 0.07 | N/A | N/A |
Election of | 258,488,433 | 99.93 | 184,337 | 0.07 | N/A | N/A |
Election of | 258,489,629 | 99.93 | 183,141 | 0.07 | N/A | N/A |
Election of | 258,496,933 | 99.93 | 175,837 | 0.07 | N/A | N/A |
Election of | 258,497,433 | 99.93 | 175,337 | 0.07 | N/A | N/A |
Election of | 258,488,629 | 99.93 | 184,141 | 0.07 | N/A | N/A |
Appointment of Auditors | 261,289,157 | 99.98 | N/A | N/A | 62,026 | 0.02 |
Approval of the Stock Option Plan Resolution | 258,279,737 | 99.85 | 394,309 | 0.15 | N/A | N/A |
Approval of the RSU Plan Resolution | 258,309,081 | 99.86 | 364,965 | 0.14 | N/A | N/A |
Approval of the General Share Authority Resolution | 258,443,431 | 99.91 | 230,615 | 0.09 | N/A | N/A |
Approval of the Pre-Emptive Disapplication Authority Resolution | 258,454,431 | 99.92 | 219,615 | 0.08 | N/A | N/A |
Approval of the RSU Plan Share Authority Resolution | 258,291,731 | 99.85 | 382,315 | 0.15 | N/A | N/A |
At the Meeting, pursuant to the Stock Option Plan Resolution, shareholders approved the Amended Option Plan, which was amended in respect of certain amendments as further described in the Circular, together with certain clarifying, housekeeping changes which did not require shareholder approval. The maximum number of Common Shares issuable under the Amended Option Plan, together with the number of Common Shares issuable under outstanding security based compensation granted otherwise than under the Amended Option Plan, shall not exceed 10% of the issued and outstanding Common Shares from time to time. As of the date hereof, the maximum number of Common Shares issuable under the Amended Option Plan is equal to 53,527,071.
Further, at the Meeting, pursuant to the RSU Plan Resolution, shareholders approved the adoption by the Company of the RSU Plan. The maximum number of Common Shares issuable under the RSU Plan, together with the number of Common Shares issuable under outstanding security based compensation granted otherwise than under the RSU Plan, shall not exceed 10% of the issued and outstanding Common Shares from time to time. As of the date hereof, the maximum number of Common Shares issuable under the RSU Plan is equal to 48,377,071.
The Amended Option Plan and the RSU Plan are subject to the final approval of the
ABOUT
An updated Mineral Resource was completed in
South Crofty Summary (JORC 2012) Mineral Resource Estimate | ||||||
Area | Classification | Mass (‘000 tonnes) | Grade | Contained Tin / Tin Equivalent (‘000 tonnes) | Increase in contained Tin / Tin equivalent from 2016 MRE | |
Indicated | 2,084 | 1.59% Sn | 33 | 10.2% | ||
Inferred | 1,937 | 1.67% Sn | 32 | 129.8% | ||
Indicated | 277 | 1.01% SnEq | 3 | 9.5% | ||
Inferred | 493 | 0.93% SnEq | 5 | 8.0% |
The Mineral Resource Estimate for South Crofty (see news release dated
The technical information in this news release has been compiled by Mr. Owen Mihalop who has reviewed and takes responsibility for the data and geological interpretation. Mr. Owen Mihalop (MCSM, BSc (Hons), MSc, FGS, MIMMM, CEng) is Chief Operating Officer for
For additional information please contact:
In
(Nominated Adviser & Joint Broker) | Tel: | +44 203 470 0470 |
(Joint Broker) | Tel: | +44 207 907 8500 |
BlytheRay (Financial PR/IR- | Tel: | +44 207 138 3204 |
tim.blythe@blytheray.com | ||
megan.ray@blytheray.com | ||
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Neither the
Caution regarding forward looking statements
This news release contains "forward-looking statements". Forward-looking statements, while based on management's best estimates and assumptions at the time such statements are made, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the COVID-19 global pandemic and any variants of COVID-19 which may arise; risks related to the availability of financing; the timing and content of upcoming work programmes; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; outcome of the current Feasibility Study; projected dates to commence mining operations; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations.
Although
Source:
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