First Majestic Announces Voting Results from Annual General Meeting
May 25 2018 - 12:00PM
First Majestic Silver Corp. (“First Majestic” or the
“Company”) (NYSE:AG) (TSX:FR) (Frankfurt:FMV) is pleased to
announce the voting results for its annual general meeting held on
May 24, 2018.
A total of 81,941,398 shares were represented at
the meeting, being 49.44% of the Company’s issued and outstanding
common shares. Shareholders approved all matters brought before the
meeting and the election of directors was approved by a majority
vote of shareholders present in person or represented by proxy as
follows:
Election of Directors
Director Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Keith
Neumeyer |
28,683,757 |
98.39 |
470,618 |
1.61 |
Douglas
Penrose |
28,541,585 |
97.90 |
612,790 |
2.10 |
Robert
McCallum |
28,063,828 |
96.26 |
1,090,574 |
3.74 |
Marjorie
Co |
28,584,194 |
98.04 |
570,182 |
1.96 |
David
Shaw |
27,057,788 |
92.81 |
2,096,587 |
7.19 |
The advisory resolution on the Company’s
approach to executive compensation as outlined in the Circular was
approved by a majority vote of shareholders present in person or
represented by proxy as follows:
Executive Compensation Advisory
Vote
Votes For |
% For |
Votes Against |
% Against |
26,462,517 |
90.77 |
2,691,860 |
9.23 |
In addition, the Company reports the
re-appointment of Deloitte LLP as auditors for the Company was
approved by the affirmative vote of a majority of the votes
represented at the Meeting.
ABOUT FIRST MAJESTIC
First Majestic is a mining company focused on
silver production in Mexico and is aggressively pursuing the
development of its existing mineral property assets. The Company
presently owns and operates seven producing silver mines; the San
Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La
Encantada Silver Mine, the La Parrilla Silver Mine, the San Martin
Silver Mine, the Del Toro Silver Mine and the La Guitarra Silver
Mine. Annual production from these seven mines is projected to be
between 27 to 30 million silver equivalents ounces per year.
FOR FURTHER INFORMATION contact
info@firstmajestic.com, visit our website at
www.firstmajestic.com or call our toll free number
1.866.529.2807.
ON BEHALF OF THE BOARD OF FIRST MAJESTIC SILVER
CORP. “signed” Keith Neumeyer
President & CEO
SPECIAL NOTE REGARDING FORWARD LOOKING
STATEMENTS
This news release includes certain
"Forward‐Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
“forward‐looking information” under applicable Canadian securities
laws. When used in this news release, the words "anticipate",
"believe", "estimate", "expect", "target", "plan", "forecast",
"may", "schedule" and similar words or expressions, identify
forward‐looking statements or information. These forward‐looking
statements or information relate to, among other things, annual
production for the Company’s mines.
These statements reflect the Company’s current
views with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. Many factors, both known and unknown, could
cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward‐looking statements or
information and the Company has made assumptions and estimates
based on or related to many of these factors. Such factors include,
without limitation: fluctuations in general macro-economic
conditions; fluctuations in securities markets and the market price
of First Majestic’s shares; fluctuations in the spot and forward
price of silver, gold, base metals or certain other commodities
(such as natural gas, fuel oil and electricity); fluctuations in
the currency markets (such as the Canadian dollar and Mexican peso
versus the U.S. dollar); changes in national and local government,
legislation, taxation, controls, regulations and political or
economic developments in Canada or Mexico; operating or technical
difficulties in connection with mining or development activities;
risks and hazards associated with the business of mineral
exploration, development and mining (including environmental
hazards, industrial accidents, unusual or unexpected formations,
pressures, cave-ins and flooding); and the factors identified under
the caption "Risk Factors" in First Majestic’s Annual Information
Form.
Readers are cautioned against attributing undue
certainty to forward‐looking statements or information. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or
intended. The Company does not intend, and do not assume any
obligation, to update these forward‐looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements or
information, other than as required by applicable law.
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