NioCorp Announces Results of 2017 Annual General Meeting
November 10 2017 - 2:43PM
NioCorp Developments Ltd. (“NioCorp” or
the "Company”) (TSX:NB) (OTCQX:NIOBF)
(FSE:BR3) is pleased to announce the results of its 2017 Annual
General Meeting (“AGM”), held on Thursday, November 9, 2017.
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, Anna
Castner Wightman, and Nilsa Guerrero-Mahon;
- Re-appointment of BDO USA, LLP as the Company’s external
auditor; and
- Approval of the Long-Term Incentive Plan.
At the AGM the following six 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 |
29,300,806 |
99.07% |
275,820 |
0. 93% |
Joseph A. Carrabba |
29,444,828 |
99.55% |
131,798 |
0. 45% |
David C. Beling |
29,444,628 |
99.55% |
131,998 |
0.45% |
Michael Morris |
29,444,128 |
99.55% |
132,498 |
0.45% |
Anna Castner Wightman |
29,440,928 |
99.54% |
135,698 |
0.46% |
Nilsa Guerrero-Mahon |
29,431,141 |
99.51% |
145,485 |
0.49% |
|
|
|
|
|
NioCorp is pleased to announce that the
shareholders have ratified and approved the appointment of BDO USA,
LLP, as auditors of the Company (67,351,399, or 99.65%, voted “For”
and 982,686, or 0.99%, abstained from voting) until the next annual
meeting of shareholders or until their successor is appointed, at a
remuneration to be fixed by the Company’s directors.
In addition, the shareholders voted to approve the
Long-Term Incentive Plan and the granting of incentive securities
thereunder until November 9, 2020 (28,569,647, or 96.60%, voted
“For”, 777,406, or 2.63%, voted “Against”, and 229,573, or 0.78%,
abstained from voting).
For greater detail please refer to the Company’s
Notice of 2017 Annual General Meeting of Shareholders and
Information Circular in respect of the AGM dated October 29, 2017,
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 $BR3 #Niobium #Scandium #ElkCreek
For More Information:
Contact Jim Sims, VP of External Affairs, NioCorp Developments
Ltd., 303-503-6203, jim.sims@niocorp.com
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 Note Regarding Forward-Looking
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
document.
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