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 18, 2020,
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 continue the Company’s Stock Option and Share Unit Plans; to
amend and continue the Company’s Deferred Share Unit Plan; and to
support the Company’s approach to executive compensation.
Detailed results of the total shares voted at
the AGSM are set out below along with the votes in regards to Say
on Pay.
Motions |
Total Votes Cast |
Total Votes For |
Total Votes Against |
% For |
% Against |
Number of Directors |
58,234,898 |
58,151,903 |
82,995 |
99.86 |
0.14 |
|
|
|
|
|
|
Nominees |
Total Votes Cast |
Total Votes For |
Total Votes Withheld |
%For |
% Withheld |
Peter D. Barnes |
58,234,898 |
58,085,499 |
149,399 |
99.74 |
0.26 |
Richard P. Clark |
58,234,898 |
58,150,782 |
84,116 |
99.86 |
0.14 |
Jill D. Leversage |
58,234,898 |
58,136,321 |
98,577 |
99.83 |
0.17 |
Daniel T. MacInnis |
58,234,898 |
58,018,017 |
216,881 |
99.63 |
0.37 |
George N. Paspalas |
58,234,898 |
58,153,666 |
81,232 |
99.86 |
0.14 |
Selma Lussenburg |
58,234,898 |
58,156,220 |
78,678 |
99.86 |
0.14 |
Derek C. White |
58,234,898 |
57,696,517 |
538,381 |
99.08 |
0.92 |
|
Total Votes Cast |
Total Votes For |
Total Votes Against |
%For |
% Against |
Stock Option Plan |
48,488,643 |
41,213,219 |
7,275,424 |
85.00 |
15.00 |
Share Unit Plan |
48,488,643 |
44,004,438 |
4,484,205 |
90.75 |
9.25 |
Deferred Share Unit Plan |
48,488,643 |
44,164,544 |
4,324,099 |
91.08 |
8.92 |
Say on Pay |
58,234,898 |
55,237,503 |
2,997,395 |
94.85 |
5.15 |
|
Total Votes Cast |
Total Votes For |
Total Votes Withheld |
%For |
% Withheld |
Appointment of Auditors |
67,869,324 |
65,536,930 |
2,332,394 |
96.56 |
3.44 |
George Paspalas, President and CEO of MAG,
extends his thanks to the Shareholders of the Company for their
continued strong support.
About MAG Silver Corp.
MAG Silver Corp. is a Canadian advanced stage
development and exploration 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. Its principal focus and asset is the Juanicipio Project
(44%), being developed in a joint venture with Fresnillo (56%). The
Juanicipio Project is located in the Fresnillo Silver Trend in
Mexico, the world's premier silver mining camp. The
Juanicipio Joint Venture is currently constructing and developing
the surface and underground infrastructure on the property to
support a 4,000 tonnes per day mining operation, with the
operational expertise of Fresnillo, the project operator. As
well, an expanded exploration program is in place at Juanicipio
with multiple highly prospective targets across the property.
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; the use of the net
proceeds from the private placement is subject to change; 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.govLEI:
254900LGL904N7F3EL14
For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook, VP Investor Relations and Communications
Phone: (604) 630-1399
Toll Free:(866) 630-1399
Website: www.magsilver.com
Email: info@magsilver.com
MAG Silver (AMEX:MAG)
Historical Stock Chart
From Jun 2024 to Jul 2024
MAG Silver (AMEX:MAG)
Historical Stock Chart
From Jul 2023 to Jul 2024