MONTRÉAL, Aug. 24,
2022 /CNW/ - Champion Iron Limited (TSX: CIA) (ASX:
CIA) (OTCQX: CIAFF) ("Champion" or the "Company") advises that at
the Annual General Meeting of the Company's shareholders (the
"Meeting"), which was held in person on Wednesday, August 24, 2022 at 6:00 PM
(Montréal time) / Thursday, August 25,
2022 at 8:00 AM (Sydney time), the following resolutions were
passed by the requisite majorities by a vote by ballot as
follows:
|
Resolution
|
Votes
For
|
Votes
Against
|
Votes
Abstain/Exclude
|
|
1. Approval of the
Remuneration Report
|
236,923,675
(75.41 %)
|
77,250,321
(24.59 %)
|
52,528,661
(1)
|
|
2. Appointment of
Director
– Michael O'Keeffe
|
343,875,764
(93.78 %)
|
22,816,124
(6.22 %)
|
10,769
(2)
|
|
3. Appointment of
Director
– David Cataford
|
364,597,697
(99.43 %)
|
2,092,691
(0.57%)
|
12,269
(2)
|
|
4. Appointment of
Director
– Andrew J. Love
|
329,540,133
(99.06 %)
|
3,117,536
(0.94 %)
|
1,651,431
(2)
|
|
5. Appointment of
Director
– Gary Lawler
|
342,500,841
(93.41 %)
|
24,175,372
(6.59 %)
|
26,444
(2)
|
|
6. Appointment of
Director
– Michelle Cormier
|
351,330,221
(95.81 %)
|
15,360,167
(4.19%)
|
12,269
(2)
|
|
7. Appointment of
Director
– Wayne Wouters
|
364,467,701
(99.40 %)
|
2,207,240
(0.60 %)
|
27,716
(2)
|
|
8. Appointment of
Director
– Jyothish George
|
364,694,591
(99.46 %)
|
1,981,509
(0.54 %)
|
26,557
(2)
|
|
9. Appointment of
Director
– Louise Grondin
|
365,211,850
(99.60 %)
|
1,478,414
(0.40 %)
|
12,393
(2)
|
|
10. Approval of
Amendments to the Company's Constitution
|
284,201,677
(77.57 %)
|
82,191,219
(22.43 %)
|
309,761
(2)
|
|
Notes:
|
(1) Represents votes
held directly or indirectly by: members of Champion's Board of
Directors (including their closely related parties) and Champion's
Key Management Personnel (including their closely related parties),
whether in their own name or as proxies, and votes exercised by the
Chair on the basis of an undirected proxy (where the proxy did not
expressly give the Chair the power to do so), all of which were
excluded from voting plus 132,974 Ordinary Shares which abstained
from voting.
|
|
(2) Represents Ordinary
Shares which abstained from voting.
|
At the Meeting, the total number of Ordinary Shares represented
in person or by proxy was 366,702,657, representing approximately
70.90% of the issued and outstanding Ordinary Shares.
A live audio webcast was also available during the meeting and
the webcast recording will be accessible shortly through Champion's
website
at www.championiron.com/investors/events-presentations.
For further details, visit the Company's filings on SEDAR at
www.sedar.com.
About Champion Iron
Limited
Champion Iron Limited, through its subsidiary Quebec Iron Ore
Inc., owns and operates the Bloom Lake Mining Complex, located on
the south end of the Labrador Trough, approximately 13 km north
of Fermont, Québec. Bloom Lake is an open-pit operation with
two concentrators that primarily source energy from renewable
hydroelectric power. The Bloom Lake Phase I and Phase II plants
have a combined nameplate capacity of 15 Mtpa and produce a
low contaminant high-grade 66.2% Fe iron ore concentrate with a
proven ability to produce a 67.5% Fe direct reduction quality
concentrate. Bloom Lake's high-grade and low contaminant iron ore
products have attracted a premium to the Platts IODEX 62% Fe iron
ore benchmark. The Company ships iron ore concentrate from Bloom
Lake by rail, to a ship loading port in Sept-Îles, Québec, and
sells its iron ore concentrate to customers globally, including
in China, Japan, the Middle
East, Europe, South
Korea, India and Canada. In addition to the Bloom
Lake Mining Complex, Champion owns a portfolio of exploration and
development projects in the Labrador Trough, including the
Kamistiatusset Project located a few kilometres south-east of Bloom
Lake, and the Consolidated Fire Lake North iron ore project,
located approximately 40 km south of Bloom Lake.
For additional information on Champion Iron Limited, please
visit our website at: www.championiron.com.
This press release has been authorized for release to the market
by the CEO of Champion Iron Limited, David
Cataford.
SOURCE Champion Iron Limited