TORONTO, June 19, 2019 /CNW/ - RNC Minerals ("RNC")
(TSX: RNX) is pleased to announce the voting results of its annual
meeting of shareholders held today in Toronto.
Election of Directors
The nominee directors listed in
RNC's management information circular dated May 15, 2019 were elected as directors. The
shareholders represented by proxy at the meeting voted as
follows:
Director
|
Votes For (by
proxy)
|
Votes Withheld (by
proxy)
|
Peter
Goudie
|
89,054,100
|
67.1%
|
43,680,156
|
32.9%
|
Scott M.
Hand
|
88,980,810
|
67.0%
|
43,753,446
|
33.0%
|
Paul Huet
|
88,734,229
|
66.9%
|
44,000,027
|
33.1%
|
Wendy Kei
|
89,052,565
|
67.1%
|
43,681,691
|
32.9%
|
Frank
Marzoli
|
89,225,024
|
67.2%
|
43,509,232
|
32.8%
|
Warwick
Morley-Jepson
|
89,169,174
|
67.2%
|
43,565,082
|
32.8%
|
Other Items
The resolution to reappoint
PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of
the Company to hold office until the next annual meeting of
shareholders and to authorize the directors to fix the remuneration
to be paid to the auditors was approved by 99.7%.
The resolution to approve RNC's Share Incentive Plan and the
unallocated entitlements thereunder was approved by 57.6%.
About RNC Minerals
RNC has a 100% interest in the
producing Beta Hunt gold mine located in Western Australia where a significant high
grade gold discovery - "Father's Day Vein" - was made. RNC is
currently completing a 40,000 metre drill program, the results of
which will be incorporated into an updated NI 43-101 compliant
Mineral Resource Estimate and mine plan targeted for Q2 2019. Beta
Hunt gold resource potential is underpinned by multiple gold shears
with gold intersections across a 4 km strike length which remain
open in multiple directions adjacent to an existing 5 km ramp
network. RNC has a 100% interest in the Higginsville Gold Operation
in Western Australia, which is
comprised of a low cost 1.3 Mtpa gold mill and a substantial
portfolio of gold tenements. RNC also has a 28% interest in a
nickel joint venture that owns the Dumont Nickel-Cobalt Project
located in the Abitibi region of Quebec which contains the second largest
nickel reserve and ninth largest cobalt reserve in the world. RNC
owns a 27% interest in Orford Mining Corporation, a mineral
explorer focused on highly prospective and underexplored areas of
Northern Quebec. RNC has a strong
management team and Board with over 100 years of mining experience.
RNC's common shares trade on the TSX under the symbol RNX. RNC
shares also trade on the OTCQX market under the symbol RNKLF.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains "forward-looking information"
including without limitation statements relating to production
guidance and the potential of the Beta Hunt Mine, Higginsville Gold
Operation and Dumont Nickel – Cobalt
Project.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to RNC's filings with
Canadian securities regulators, including the most recent Annual
Information Form, available on SEDAR at www.sedar.com.
Although RNC 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 to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and RNC disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
SOURCE RNC Minerals