HALIFAX, June 16, 2016 /CNW/ - Fortune Bay Corp.
("Fortune Bay" or the "Company") (TSX: FOR) is
pleased to provide the voting results of the annual and special
meeting of shareholders of the Company held on June 15, 2016 in Halifax, Nova Scotia.
The Shareholders have approved the Arrangement Resolution and
the Fortune Merger Resolution as more particularly described in the
management information circular of the Company dated May 13, 2016 (the "Circular"). After
excluding the votes cast by such persons whose votes may not be
included pursuant to Multilateral Instrument 61-101 – Protection of
Minority Security Holders in Special Transactions, the special
resolutions were approved by the following votes: (i) the
Arrangement Resolution was approved by 9,408,505 (99.85%) votes in
favour and 13,988 (0.15%) votes against; and (ii) the Fortune
Merger Resolution was approved by 9,408,514 (99.85%) votes in
favour and 13,979 (0.15%) votes against.
The following nominees were listed in the Circular to be elected
as directors until the earlier of: (i) the next annual meeting of
the Company or until his successor is duly elected or appointed,
unless his office is earlier vacated; or (ii) completion of the
transaction (the "Transaction"), as described in the
Circular. Each of the following directors was elected by the
votes cast by shareholders present at the meeting by a show of
hands. The votes in respect of the election of each director
are as follows:
Nominee
|
Votes
For
|
% of Votes
For
|
Votes
Withheld
|
% of Votes
Withheld
|
Non-Votes
|
Wade Dawe
|
14,848,721
|
99.91
|
13,677
|
0.09
|
-
|
Michael
Gross
|
14,848,963
|
99.91
|
13,435
|
0.09
|
-
|
Derrick
Gill
|
14,850,923
|
99.92
|
11,475
|
0.08
|
-
|
Darren
Nantes
|
14,850,443
|
99.92
|
11,955
|
0.08
|
-
|
David Peat
|
14,850,051
|
99.92
|
12,347
|
0.08
|
-
|
The following nominees were listed in the Circular to be elected
as directors which would take effect following completion of the
Transaction, to hold office until the next annual meeting of the
Company or until his successor is duly elected or appointed, unless
his office is earlier vacated. Each of the following nominees
was elected by the votes cast by shareholders present at the
meeting by a show of hands. The votes in respect of the
election of each director are as follows:
Nominee
|
Votes
For
|
% of Votes
For
|
Votes
Withheld
|
% of Votes
Withheld
|
Non-Votes
|
Wade Dawe
|
14,846,405
|
99.89
|
15,993
|
0.11
|
-
|
Edmund
Ryan
|
14,846,915
|
99.90
|
15,483
|
0.10
|
-
|
Kevin
Fitzgerald
|
14,846,985
|
99.90
|
15,413
|
0.10
|
-
|
Paul Breen
|
14,849,578
|
99.91
|
12,820
|
0.09
|
-
|
Ian
Ainsworth
|
14,846,973
|
99.90
|
15,425
|
0.10
|
-
|
James
Osborne
|
14,846,903
|
99.90
|
15,495
|
0.10
|
-
|
The shareholders also approved the re-appointment of
PricewaterhouseCoopers LLP as auditor of the Company for the next
year. In addition, all other resolutions noted in the
Circular, including (i) a resolution approving an amended stock
option plan for Fortune Bay for use following completion of the
Transaction, the full text of which is set forth in the Circular;
(ii) a resolution approving a new rolling stock option plan for
9617337 Canada Limited for use following completion of the
Transaction, the full text of which is set forth in the Circular;
(iii) a resolution approving a deferred share unit plan of Fortune
Bay and the reservation of 2,000,000 common shares of Fortune Bay
for issuance thereunder, all as more particularly set forth and
described in the Circular; and (iv) a resolution approving the
issuance of an aggregate of 1,322,500 Fortune Bay Shares to certain
senior officers, directors and a non-executive employee of Fortune
Bay in connection with the Transaction, all as more particularly
set forth and described in the Circular.
A report of voting results has been filed on SEDAR. Please
refer to the Company's profile on SEDAR at www.sedar.com for more
information.
Additional information regarding the terms of the Transaction
are set in the Circular, which is available under the Fortune Bay
profile on SEDAR at www.sedar.com.
SOURCE Fortune Bay Corp.