Ascendant Resources Announces Results of Annual Shareholder’s Meeting
June 19 2018 - 5:07PM
Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF)
(FRA:2D9) ("Ascendant" or the "Company”) is pleased to announce the
voting results of the Company’s 2018 Annual and Special
Shareholder’s Meeting (the “Meeting”) held earlier today, June 19,
2018 in Toronto, Ontario.
A total of 17,854,214 common shares were voted
at the Meeting, representing 24.06% of the votes attached to all
outstanding common shares of the Company.
All matters presented for shareholder approval
at the Meeting were duly authorized and approved as follows:
- To set the number of Directors to be elected at eight.
- To re-appoint KPMG LLP as the Company’s auditors for the
ensuing year.
- Advance Notice By-Law of the Corporation.
Detailed voting results for the election of
directors were as follows:
Name |
Shares Voted For |
% |
Shares Withheld |
% |
Mark Brennan |
16,036,218 |
92.44 |
1,311,600 |
7.56 |
Chris Buncic |
16,032,812 |
92.42 |
1,315,006 |
7.58 |
Stephen Shefsky |
16,194,412 |
93.35 |
1,153,406 |
6.65 |
Robert Campbell |
15,984,412 |
92.14 |
1,363,406 |
7.86 |
Kurt Menchen |
15,983,812 |
92.14 |
1,364,006 |
7.86 |
Guillermo Kaelin |
15,987,818 |
92.16 |
1,360,000 |
7.84 |
Renaud Adams |
15,987,818 |
92.16 |
1,360,000 |
7.84 |
Petra Decher |
15,987,818 |
92.16 |
1,360,000 |
7.84 |
For further details regarding the voting results
of the 2018 Meeting, please refer to the Company’s Report of Voting
Results filed on SEDAR at www.sedar.com.
About Ascendant Resources
Inc.
Ascendant is a Toronto-based mining company
focused on its 100%-owned producing El Mochito zinc, silver and
lead mine in west-central Honduras, which has been in production
since 1948. After acquiring the mine in December 2016, Ascendant
implemented a rigorous optimization program aimed at restoring the
historic potential of the El Mochito mine. In 2017, the Company
successfully completed the operational turnaround it set out to
achieve with sustained production at record levels and
profitability restored. The Company now remains focused on cost
reduction and further operational improvements to drive robust free
cash flow in 2018 and beyond. Ascendant is also focused on
expanding and upgrading known resources through extensive
exploration work for near-term growth. With a significant land
package of 11,000 hectares and an abundance of historical data
there are several regional targets providing longer term
exploration upside which could lead to further resource growth. The
Company is also engaged in the evaluation of producing and
development stage mineral resource opportunities, on an ongoing
basis. The Company's common shares are principally listed on the
Toronto Stock Exchange under the symbol "ASND". For more
information on Ascendant Resources, please visit our website
at www.ascendantresources.com.
Neither the Toronto Stock Exchange 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 release. For further information please
contact:
Katherine PrydeDirector, Communications &
Investor RelationsTel: 888-723-7413info@ascendantresources.com
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