NioCorp Announces Results of 2016 Annual General Meeting
December 15 2016 - 5:01PM
NioCorp Developments Ltd. (“
NioCorp” or the
"
Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is
pleased to announce the results of its 2016 Annual General Meeting
("AGM"), held on Friday, December 9, 2016. Among the motions
approved by NioCorp's shareholders included the following:
- Approval of the number of directors;
- Re-election of all of NioCorp's current Board members: Mark A.
Smith, Joseph A. Carrabba, Michael Morris, David C. Beling, and
Anna Castner Wightman; and
- Re-appointment of BDO USA, LLP as the Company's external
auditor.
At the AGM the following five nominees were elected
as Directors of the Company to serve until the next annual meeting
of shareholders of the Company, or until their successors are
elected or appointed. The results of the voting were as
follows:
Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Mark
A. Smith |
30,200,660 |
99.66 |
% |
103,389 |
0.34 |
% |
Joseph A. Carrabba |
30,277,624 |
99.91 |
% |
26,425 |
0.09 |
% |
David
C. Beling |
30,271,080 |
99.89 |
% |
32,969 |
0.11 |
% |
Michael Morris |
30,268,980 |
99.88 |
% |
35,069 |
0.12 |
% |
Anna
Castner Wightman |
30,262,980 |
99.86 |
% |
41,069 |
0.14 |
% |
Joseph Cecil, a director of the Company since
November 14, 2014, determined not to stand for re-election at the
AGM, and accordingly ceased to be a director on December 9, 2016.
The Company wishes to thank Mr. Cecil for his time and important
contributions to the NioCorp Board of Directors and to the Audit
Committee, and wishes him the best in his future endeavors.
For greater detail please refer to the Company's
Notice of 2016 Annual General Meeting of Shareholders and
Information Circular in respect of the AGM dated November 2, 2016,
as well as the Company’s Report of Voting Results of the AGM, under
NioCorp’s profile at www.sedar.com.
On Behalf of the Board of Directors,
“Mark Smith”
Mark Smith Executive Chairman, CEO and Director
Source: NioCorp Developments Ltd. @NioCorp $NB
$NIOBF #Niobium #Scandium #ElkCreek
About NioCorp
NioCorp is developing a superalloy materials
project in Southeast Nebraska that will produce niobium, scandium,
and titanium. Niobium is used to produce superalloys as well as
High Strength, Low Alloy ("HSLA") steel, which is a lighter,
stronger steel used in automotive, structural, and pipeline
applications. Scandium is a superalloy material that can be
combined with Aluminum to make alloys with increased strength and
improved corrosion resistance. Scandium also is a critical
component of advanced solid oxide fuel cells. Titanium is used in
various superalloys and is a key component of pigments used in
paper, paint and plastics and is also used for aerospace
applications, armor and medical implants.
Cautionary Statements
Neither TSX nor its Regulation Services Provider
(as that term is defined in the policies of the TSX) accepts
responsibility for the adequacy or accuracy of this release.
For More Information
Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd.
720-639-4650
jim.sims@niocorp.com
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