A total of 77,138,926 common shares (“Shares”) were voted in person or represented by proxy at the Meeting, representing approximately 41.13% of the votes attached to all the outstanding Shares as at the record date of the Meeting.
Resolution | Number of Shares | Percentage of Votes Cast | ||
For | Withheld/Abstain | For | Withheld/Abstain | |
Arrangement Share Issuance Issuance of up to 113,149,040 Shares as consideration for the Arrangement | 70,275,013 | 350,329 | 99.50 | 0.50 |
Financing Share Issuance Issuance of up to 55,700,000 Shares in connection with the Company’s non-brokered private placement | 70,278,846 | 346,496 | 99.51 | 0.49 |
Continuance Continuance of the Company out of | 66,453,435 | 4,171,907 | 94.09 | 5.91 |
Election of Non-Arrangement Directors (if the Arrangement is not completed): | ||||
69,881,236 | 744,106 | 98.95 | 1.05 | |
69,837,964 | 787,378 | 98.89 | 1.11 | |
69,878,566 | 746,776 | 98.94 | 1.06 | |
69,852,045 | 773,297 | 99.91 | 1.09 | |
66,011,838 | 4,613,504 | 93.47 | 6.53 | |
69,878,306 | 747,036 | 98.94 | 1.06 | |
Approval of Non-Arrangement Incentive Plan Approval of new omnibus equity incentive plan if the Arrangement is not completed | 65,865,686 | 4,759,659 | 93.26 | 6.74 |
Election of Arrangement Directors (effective upon completion of Arrangement): | ||||
69,892,877 | 732,465 | 98.96 | 1.04 | |
69,892,065 | 733,277 | 98.96 | 1.04 | |
69,881,091 | 744,251 | 98.95 | 1.05 | |
69,876,790 | 748,552 | 98.94 | 1.06 | |
69,814,874 | 810,468 | 98.85 | 1.15 | |
69,812,826 | 812,516 | 99.85 | 1.15 | |
65,947,774 | 4,677,568 | 93.38 | 6.62 | |
69,855,789 | 769,553 | 98.91 | 1.09 | |
Approval of Arrangement Incentive Plan Approval of new omnibus equity incentive plan effective upon completion of the Arrangement and listing of Shares on the | 69,766,465 | 858,877 | 98.78 | 1.22 |
Re-appointment of Auditors Re-appointment of | 76,800,795 | 160,883 | 99.79 | 0.21 |
The report of voting results will be made available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
In addition to the approval by
For a more detailed description of the Arrangement, please refer to the Company’s management information circular dated
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Contact:
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T: +1 416-214-4654; Toll-free: +1-855-664-4654 Email: ir@treasurymetals.com | |
Cautionary Note Regarding Forward-Looking Information
This news release includes certain “forward-looking information” and “forward-looking statements” (collectively, forward-looking statements”) within the meaning of Canadian and
Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, expected timing and completion of the Arrangement; the strengths, characteristics and expected benefits and synergies of the Arrangement; receipt of court approval; obtaining TSX and TSXV acceptance to complete the Arrangement; the expected delisting of Blackwolf shares from the TSXV; the composition of the post-Arrangement board and management team of the combined company; completion of the proposed consolidation; expectations regarding the potential benefits and synergies of the Arrangement and the ability of the combined company to successfully achieve business objectives, including integrating the companies or the effects of unexpected costs, liabilities or delays; expectations relating to future exploration, development and production activities; expectations relating to costs; expectations regarding financial strength, free cash flow generation, trading liquidity, and capital markets profile; expectations regarding future exploration and development, growth potential for Treasury Metals’ and Blackwolf’s operations; availability of the exemption under Section 3(a)(10) of the United States Securities Act of 1933 to the securities issuable in the Arrangement; the companies’ assessments of, and expectations for, future business activities and operating performance; expectations regarding the completion of the concurrent financing on substantially the same terms announced or at all; exploration and production for precious metals; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of mineral resource, production and cost estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. Actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits may be derived therefrom and accordingly, readers are cautioned not to place undue reliance on the forward-looking information.
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