Katanga Mining Announces Election of Directors

Date : 05/02/2019 @ 1:00PM
Source : PR Newswire (Canada)
Stock : Katanga Mining Ltd (KAT)
Quote : 0.345  0.0 (0.00%) @ 1:50PM
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Katanga Mining Announces Election of Directors

Katanga Mining (TSX:KAT)
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ZUG, Switzerland, May 2, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") is pleased to announce that the nominees listed in the management information circular for the 2019 Annual Meeting of Shareholders were elected as directors of Katanga.  Detailed results for the vote for the election of directors held at the Annual Meeting of Shareholders on May 1, 2019 in Toronto are set out below.

Nominee

Votes For

% For

Votes Withheld

% Withheld

Hugh Stoyell

1,659,053,192

96.25%

64,633,220

3.75%

Danny Callow

1,723,241,500

99.97%

444,912

0.03%

Terry Robinson

1,658,604,741

96.22%

65,081,671

3.78%

Robert Wardell

1,658,596,991

96.22%

65,089,421

3.78%

Steve Kalmin

1,722,981,417

99.96%

704,995

0.04%

Tony Moser

1,659,037,263

96.25%

64,649,149

3.75%

Mike Ciricillo

1,659,023,124

96.25%

64,663,288

3.75%

Katanga Mining Limited (CNW Group/Katanga Mining Limited)

 

As announced by Katanga Mining Limited (the "Company") on April 17, 2019, Mr. Callow will resign as a director and officer effective May 2, 2019. The board of directors has approved Mr. Jeff Gerard's appointment by Glencore International AG ("Glencore") to replace Mr. Callow as a director and Chief Executive Officer effective May 2, 2019, pursuant to the management services agreement between the Company and Glencore entered into in January 2019.

About Katanga Mining Limited

Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The Company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Forward Looking Statements

This press release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements. Although the Company believes that these assumptions are reasonable, these assumptions are not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Although Katanga has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

SOURCE Katanga Mining Limited

Copyright 2019 Canada NewsWire

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