McEwen Mining Announces Results of the Annual Meeting
May 31 2017 - 3:53PM
McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen
Mining” or, the “Company”) is pleased to announce the results of
the annual meeting of shareholders held on May 25, 2017. The McEwen
Mining share owners:
- Elected as directors: Robert McEwen, Allen Ambrose, Michele
Ashby, Leanne Baker, Richard Brissenden, Robin Dunbar, Gregory
Fauquier, Donald Quick, Michael Stein;
- Approved the issuance to Robert McEwen of 405,740 shares of our
common stock upon conversion of subscription receipts issued as
part of the acquisition of Lexam VG Gold Inc.; and
- Ratified the appointment of Ernst & Young LLP as the
Company's independent registered public accounting firm for the
year ending December 31, 2017.
Detailed voting results are as follows:
For the election of directors:
|
|
For |
|
Withheld |
|
Percentage For |
|
Percentage Withheld |
Robert R. McEwen |
|
143,599,765 |
|
481,804 |
|
99.67 |
% |
|
0.33 |
% |
Allen V. Ambrose |
|
143,326,005 |
|
755,564 |
|
98.48 |
% |
|
0.52 |
% |
Michele L. Ashby |
|
143,365,081 |
|
716,488 |
|
99.50 |
% |
|
0.50 |
% |
Leanne M. Baker |
|
143,338,036 |
|
743,533 |
|
99.48 |
% |
|
0.52 |
% |
Richard W.
Brissenden |
|
143,274,646 |
|
806,923 |
|
99.44 |
% |
|
0.56 |
% |
Robin Dunbar |
|
143,362,609 |
|
718,960 |
|
99.50 |
% |
|
0.50 |
% |
Gregory P.
Fauquier |
|
143,307,667 |
|
773,902 |
|
99.46 |
% |
|
0.54 |
% |
Donald R.M. Quick |
|
143,260,914 |
|
820,655 |
|
99.43 |
% |
|
0.57 |
% |
Michael L. Stein |
|
143,309,756 |
|
771,813 |
|
99.46 |
% |
|
0.54 |
% |
For the approval of the issuance of 405,740
shares to Robert McEwen:
|
|
For |
|
Against |
|
Withheld |
|
Percentage For |
|
PercentageAgainst |
|
Percentage Withheld |
All shares voted |
|
142,008,272 |
|
1,441,830 |
|
631,467 |
|
98.56 |
% |
|
1.00 |
% |
|
0.44 |
% |
Shares excluding
75,791,721 held by Insiders |
|
66,216,551 |
|
1,441,830 |
|
631,467 |
|
96.96 |
% |
|
2.11 |
% |
|
0.92 |
% |
For the appointment of Ernst & Young LLP as
the Company's independent registered public accounting firm:
|
|
For |
|
Against |
|
Withheld |
|
Percentage For |
|
PercentageAgainst |
|
Percentage Withheld |
|
|
210,232,910 |
|
476,940 |
|
982,658 |
|
99.31 |
% |
|
0.23 |
% |
|
0.46 |
% |
About McEwen Mining
(www.mcewenmining.com)
McEwen Mining has the goal to qualify for
inclusion in the S&P 500 Index by creating a high
growth gold and silver producer focused in
the Americas. McEwen Mining's principal assets
consist of the San José mine in Santa
Cruz, Argentina (49% interest), the El Gallo Gold mine
and El Gallo Silver project in Sinaloa, Mexico, the Gold Bar
project in Nevada, USA, the Timmins projects
in Ontario, Canada and the Los Azules copper project
in San Juan, Argentina.
McEwen Mining has a total of 312 million
shares outstanding. Rob McEwen, Chairman and Chief Owner, owns
25% of the Company.
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTS
This news release contains certain
forward-looking statements and information, including
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements and information expressed, as at the date of this news
release, McEwen Mining Inc.'s (the "Company") estimates, forecasts,
projections, expectations or beliefs as to future events and
results. Forward-looking statements and information are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties, risks
and contingencies, and there can be no assurance that such
statements and information will prove to be accurate. Therefore,
actual results and future events could differ materially from those
anticipated in such statements and information. Risks and
uncertainties that could cause results or future events to differ
materially from current expectations expressed or implied by the
forward-looking statements and information include, but are not
limited to, factors associated with fluctuations in the market
price of precious metals, mining industry risks, political,
economic, social and security risks associated with foreign
operations, the ability of the corporation to receive or receive in
a timely manner permits or other approvals required in connection
with operations, risks associated with the construction of mining
operations and commencement of production and the projected costs
thereof, risks related to litigation, the state of the capital
markets, environmental risks and hazards, uncertainty as to
calculation of mineral resources and reserves, and other risks. The
Company’s dividend policy will be reviewed periodically by the
Board of Directors and is subject to change based on certain
factors such as the capital needs of the Company and its future
operating results. Readers should not place undue reliance on
forward-looking statements or information included herein, which
speak only as of the date hereof. The Company undertakes no
obligation to reissue or update forward-looking statements or
information as a result of new information or events after the date
hereof except as may be required by law. See McEwen Mining's Annual
Report on Form 10-K for the fiscal year ended December 31, 2016 and
other filings with the Securities and Exchange Commission, under
the caption "Risk Factors", for additional information on risks,
uncertainties and other factors relating to the forward-looking
statements and information regarding the Company. All
forward-looking statements and information made in this news
release are qualified by this cautionary statement.
The NYSE and TSX have not reviewed and do not accept
responsibility for the adequacy or accuracy of the contents of this
news release, which has been prepared by management of McEwen
Mining Inc.
CONTACT INFORMATION: |
Mihaela
IancuInvestor Relations647-258-0395 ext
320info@mcewenmining.com
Websitewww.mcewenmining.com |
Christina
McCarthyDirector of Corporate Development647-258-0395 ext
390cd@mcewenmining.com
Facebookfacebook.com/mcewenrob |
150 King Street
WestSuite 2800, P.O. Box 24Toronto, Ontario, Canada, M5H
1J9866-441-0690
Twittertwitter.com/mcewenmining |
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