MAG Silver Corp. (TSX / NYSE American:
MAG) (“MAG” or the “Company”) reports that at its annual
general and special meeting (the “AGSM”) held on June 13, 2019,
MAG’s Shareholders approved by majority: to reduce the size of the
board to seven; to elect all seven directors standing for
re-election; to re-appoint Deloitte LLP as the Company’s auditor;
to approve the continuation of the Shareholder Rights Plan; and the
Company’s approach to executive compensation.
Detailed results of the votes held by ballot at
the AGSM are set out below along with the votes in regards to Say
on Pay.
Nominee |
TotalVotes Cast |
TotalVotes CastFor |
VotesWithheld |
%For |
%Withheld |
Peter D. Barnes |
60,646,925 |
60,438,431 |
208,494 |
|
99.66 |
0.34 |
|
Richard P. Clark |
60,646,925 |
58,469,258 |
2,177,667 |
|
96.41 |
3.59 |
|
Jill D. Leversage |
60,646,925 |
60,465,676 |
181,249 |
|
99.70 |
0.30 |
|
Daniel T. MacInnis |
60,646,925 |
60,296,702 |
350,223 |
|
99.42 |
0.58 |
|
George N. Paspalas |
60,646,925 |
60,616,705 |
30,220 |
|
99.95 |
0.05 |
|
Jonathan A. Rubenstein |
60,646,925 |
60,451,106 |
195,819 |
|
99.68 |
0.32 |
|
Derek C. White |
60,646,925 |
60,049,494 |
597,431 |
|
99.01 |
0.99 |
|
|
TotalVotes Cast |
Total Votes CastFor |
Total VotesCastAgainst |
%For |
%Against |
Shareholder Rights Plan |
60,646,925 |
42,669,326 |
17,977,599 |
70.36 |
29.64 |
|
|
TotalVotes Cast |
TotalVotes CastFor |
Total VotesCastAgainst |
%For |
%Against |
Say on Pay |
60,646,925 |
58,697,932 |
1,948,993 |
96.77 |
3.23 |
|
On behalf of the Board, George Paspalas,
President and CEO of MAG, extends his thanks to the Shareholders of
the Company for their continued support and to Richard Colterjohn
for his untiring commitment and longstanding directorship.
About MAG Silver Corp.
(www.magsilver.com)MAG Silver Corp. is a Canadian
exploration and development company focused on becoming a top-tier
primary silver mining company, by exploring and advancing
high-grade, district scale, silver-dominant projects in the
Americas. Our principal focus and asset is the Juanicipio Property
(44%), being developed in Joint Venture partnership with Fresnillo
plc (56%). Juanicipio is located in the Fresnillo Silver Trend in
Mexico, the world's premier silver mining camp and we are currently
developing the surface and underground infrastructure on the
property to support a 4,000 tonnes per day mining operation, with
the operational expertise of our JV partner, Fresnillo plc. As
well, we have an aggressive exploration program in place targeting
multiple highly prospective targets across the property. In
addition, we continue to work on regaining surface access to our
100% owned Cinco de Mayo property in Mexico while we seek other
high grade, district scale opportunities.
On behalf of the Board ofMAG SILVER
CORP.“George Paspalas”President &
CEO
For further
information on behalf of MAG Silver Corp. Contact Michael
Curlook, VP Investor Relations and Communications |
|
Website:Phone:Toll free: |
|
www.magsilver.com(604) 630-1399(866) 630-1399 |
Email:Fax: |
|
info@magsilver.com(604) 681-0894 |
|
Neither the Toronto Stock Exchange nor the NYSE
American has reviewed or accepted responsibility for the accuracy
or adequacy of this press release, which has been prepared by
management.
This release includes certain statements that
may be deemed to be “forward-looking statements” within the meaning
of the US Private Securities Litigation Reform Act of 1995. All
statements in this release, other than statements of historical
facts are forward looking statements, including statements that
address future mineral production, reserve potential,
exploration drilling, exploitation activities and events or
developments. Forward-looking statements are often, but not always,
identified by the use of words such as "seek", "anticipate",
"plan", "continue", "estimate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"should", "believe" and similar expressions. These statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements.
Although MAG believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include, but are not limited to, changes in
commodities prices, changes in mineral
production performance, exploitation and exploration
successes, continued availability of capital and financing, and
general economic, market or business conditions, political risk,
currency risk and capital cost inflation. In addition,
forward-looking statements are subject to various risks, including
that data is incomplete and considerable additional work will be
required to complete further evaluation, including but not limited
to drilling, engineering and socio-economic studies and
investment. The reader is referred to the Company’s filings
with the SEC and Canadian securities regulators for disclosure
regarding these and other risk factors. There is no certainty that
any forward-looking statement will come to pass and investors
should not place undue reliance upon forward-looking
statements.
Please Note: Investors are urged to consider
closely the disclosures in MAG's annual and
quarterly reports and other public filings, accessible through
the Internet at www.sedar.com and www.sec.gov.
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