Stock Symbol: SGF: TSX
SASKATOON, Sept. 7, 2017 /CNW/ - Shore Gold Inc. ("Shore" or
the "Corporation") (TSX – SGF) is pleased to announce that all of
the nominees listed in the management proxy circular dated
July 28, 2017 were elected as
directors of the Corporation at its annual and special meeting of
shareholders held on September 6,
2017 (the "Meeting").
In addition, shareholders also approved at the Meeting:
- a resolution to re-appoint KPMP LLP as the Corporation's
independent auditors;
- a resolution to amend the Corporation's articles of
incorporation to change the name of the Corporation;
- a resolution to restate the Corporation's articles of
incorporation; and
- a resolution regarding the continuation of the Corporation's
amended and restated Shareholder Rights Plan.
Detailed results of the vote for the election of directors held
at the Meeting are set out below:
Nominee
|
Votes
For
|
Votes
Withheld
|
Number
|
%
|
Number
|
%
|
Kenneth
MacNeill
|
139,806,623
|
83.96%
|
26,699,657
|
16.04%
|
Harvey Bay
|
138,143,576
|
82.97%
|
28,362,704
|
17.03%
|
Arnie
Hillier
|
136,337,120
|
81.88%
|
30,169,160
|
18.12%
|
Ewan Mason
|
163,984,692
|
98.49%
|
2,521,588
|
1.51%
|
A. Neil
McMillan
|
141,002,254
|
84.68%
|
25,504,026
|
15.32%
|
Brian
Menell
|
165,021,250
|
99.11%
|
1,485,030
|
0.89%
|
Peter
Ravenscroft
|
165,579,587
|
99.44%
|
926,693
|
0.56%
|
C. Michael
Ryer
|
164,287,935
|
98.67%
|
2,218,345
|
1.33%
|
The Company was advised that certain individuals had been
appointed as proxyholders by a significant number of shareholders.
Based on legal advice, the Chairman assessed that the solicitation
of these proxies was not done in accordance with applicable laws in
Canada regulating public
companies. It was the Chairman's view that, in soliciting proxies
in this fashion, it was unfair to the shareholders of the Company
as a whole in that only those shareholders who were solicited in
this fashion were aware that a proxy contest was underway, which is
the type of conduct the proxy solicitation rules preclude, in that
they require that all shareholders have the same information in
making their voting decision. It was clearly communicated at
last year's Meeting that to maintain the integrity of the
Corporation's voting procedures, all parties must comply with the
law and any failure to comply with the law in the future will
result in those votes being struck. Although these votes were
inconsequential to the results, these individuals were warned last
year. As a result, the Chairman disallowed these votes, resulting
in 11,824,531 votes not being allowed to stand.
The name and trading symbol change will not come in to effect
until certain regulatory step occur, as well as other preparations
required by the Corporation; a further press release will be issued
when the name change becomes effective.
Voting results for all matters will be posted on SEDAR at
www.sedar.com.
Shore is a Canadian based corporation engaged in the
acquisition, exploration and development of mineral properties.
Shares of the Company trade on the TSX Exchange under the trading
symbol "SGF".
SOURCE Shore Gold Inc.