New Pacific Metals Reports 2017 AGM Results and Announces Appointment of Pan American Silver Director Nominee
November 29 2017 - 6:30AM
New Pacific Metals Corp. (“New Pacific” or the “Company”)
(TSXV:NUAG) is pleased to report that all matters submitted to the
shareholders for approval as set out in the Company's Notice of
Meeting and Information Circular, both dated October 24, 2017, were
approved by the requisite majority of votes cast at the annual
general meeting of the shareholders held on November 28, 2017 (the
“AGM”).
The details of the voting results for the
election of directors are set out below:
|
Votes For |
Withheld Votes |
Director |
# |
% |
# |
% |
Rui Feng |
41,717,641 |
99.99 |
9,515 |
0.01 |
Jack Austin |
41,717,641 |
99.99 |
9,515 |
0.01 |
David Kong |
41,717,641 |
99.99 |
9,515 |
0.01 |
Greg Hawkins |
41,717,641 |
99.99 |
9,515 |
0.01 |
John McCluskey |
41,717,641 |
99.99 |
9,515 |
0.01 |
|
|
|
|
|
Shareholders, at the AGM, voted 99.97% in favour of approving
the amended stock option plan. Shareholders also approved the
re-appointment of Deloitte LLP as auditors of the Company for the
ensuing year at the remuneration to be fixed by the directors.
Final results for all matters voted on at the AGM will be filed on
SEDAR at www.sedar.com and on the Company's website.
APPOINTMENT OF PAN AMERICAN SILVER
DIRECTOR NOMINEE – MARTIN WAFFORN
New Pacific is pleased to announce that
following the AGM, it increased the number of directors on its
board from five to six and appointed Mr. Martin Wafforn as a
director. Mr. Wafforn was nominated by Pan American Silver
Corp. (“Pan American Silver”), the Company’s second largest
shareholder. Pan American Silver acquired a 12.1% interest in New
Pacific in a private placement announced on November 27, 2017.
Mr. Wafforn is a mining engineer who brings with
him more than 35 years of experience in the mining industry. He has
been at Pan American Silver since early 2004, and is currently
Senior Vice President, Technical Services and Process Optimization
where he is involved in the technical aspects of the feasibility,
development and successful operation of that company’s mines in
addition to leading the safety department. Prior to joining Pan
American Silver, Mr. Wafforn spent 15 years working with Barrick
and its predecessor Homestake at different underground mines and
was Manager of Mine Engineering for Barrick’s global operations. He
holds a B.Sc Mining Honours from Camborne School of Mines in
England and is registered as a P.Eng in British Columbia.
About New Pacific
New Pacific is a Canadian exploration and
development company which owns the Silver Sand Project in the
Potosi Department of Bolivia, the Tagish Lake gold project in
Yukon, Canada and the RZY Project in Qinghai Province, China. Its
largest shareholders are Silvercorp Metals Inc. (TSX/NYSE
American:SVM), the largest primary silver producer in China, and
Pan American Silver Corp. (TSX/NASDAQ:PAAS), one of the world’s
largest primary silver producers, which operates six mines,
including the San Vicente mine located in the Potosí Department of
Bolivia.
For further information, contact:
New Pacific Metals Corp.,Gordon Neal,
PresidentPhone: (604) 633-1368Fax: (604)
669-9387info@newpacificmetals.comwww.newpacificmetals.com
The TSX Venture Exchange has neither approved
nor disapproved the contents of this press release.
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