TORONTO,
Aug. 12,
2022 /CNW/ - Excellon Resources Inc. (TSX:
EXN) (TSX: EXN.WT) (NYSE: EXN) and (FRA: E4X2) ("Excellon"
or the "Company") is pleased to report that shareholders voted
in favour of all items of business at the Company's 2022 Annual
General and Special Meeting held on August
12, 2022 (the "Meeting"). Detailed results from the
election of directors are set out below:
Director
|
FOR
|
% FOR
|
Withheld
|
% Withheld
|
Laurence (Laurie)
Curtis
|
5,312,651
|
95.388
|
256,873
|
4.612
|
Roger
Norwich
|
5,336,748
|
95.821
|
232,776
|
4.179
|
Craig
Lindsay
|
5,339,707
|
95.874
|
229,817
|
4.126
|
Jeff Swinoga
|
5,284,960
|
94.891
|
284,564
|
5.109
|
Zoya
Shashkova
|
5,330,202
|
95.703
|
239,322
|
4.297
|
Brendan
Cahill
|
5,261,957
|
94.478
|
307,567
|
5.522
|
Prior to the Meeting and after the Company mailed its Management
Information Circular dated June 24,
2022 (the "Circular"), Ms. Anna Ladd-Kruger resigned as a director of the
Company effective July 31, 2022, due
to other business commitments and, accordingly, was removed from
the slate of nominees put forth for election at the Meeting.
André Fortier, former Chairman and Director of Excellon, retired
prior to the Meeting and so did not stand for re-election.
Shawn Howarth, President and CEO of
Excellon, commented "I would like to thank André for his committed
stewardship and dedication as Chairman. Both Mr. Fortier and Ms.
Ladd-Kruger were valued members of the Company's Board of Directors
and we wish them all the best in their future endeavours."
Following the Meeting, the newly appointed Board of Directors of
the Corporation appointed Dr. Laurence (Laurie) Curtis as its Chairman, and also
appointed Shawn Howarth, its
President and Chief Executive Officer, as a director.
Voting results for the other items of business at the Meeting,
all as more particularly described in the Circular, were as
follows:
|
"For"
|
% "For"
|
"Withheld"
|
% "Withheld"
|
Appointment of
Auditors (Ernst &
Young, LLP) and Authorization to
Fix Auditors' Remuneration
|
5,542,775
|
99.520
|
26,749
|
0.480
|
|
"For"
|
% "For"
|
"Against"
|
% "Against"
|
Approval of Share
Incentive Plan
|
5,142,511
|
92.333
|
427,013
|
7.667
|
The formal report on voting results with respect to all matters
voted upon at the Meeting will be filed under the Company's profile
on SEDAR at www.sedar.com.
About Excellon
Excellon's vision is to create
wealth by realizing strategic opportunities through discipline and
innovation for the benefit of our employees, communities, and
shareholders. The Company is advancing a precious metals growth
pipeline that includes: Kilgore, an advanced gold exploration
project in Idaho with strong
economics and significant growth and discovery potential; an
option on Silver City, a high-grade epithermal silver district
in Saxony, Germany with 750 years
of mining history and no modern exploration; and Platosa,
a high-grade silver mine since producing in
Mexico since 2005, scheduled to
wind-down in Q3 2022, with an 11,000 hectare exploration package on
Mexico's carbonate replacement
deposit (CRD) trend. The Company is also actively seeking to
capitalize on current market conditions by acquiring undervalued
projects in the Americas.
Additional details on Excellon's
properties are available at
www.excellonresources.com.
Cautionary Statement regarding Forward-Looking
Statements
All statements, other than statements of
historical fact, contained or incorporated by reference in this
Press Release constitute "forward-looking statements" and "forward
looking information" (collectively, "forward-looking
statements") within the meaning of applicable Canadian and
United States securities
legislation. Generally, these forward-looking statements can be
identified words such as, among others: "advancing", "aims",
"development", "exploration", "growth", "opportunities", "option",
"pipeline", "potential", "project", "scheduled", "vision" and
"will", or variations of such words, and similar such words,
expressions or statements that certain actions, events or results
can, could, may, should, will (or not) be achieved, occur, provide
or result in the future or which, by their nature, refer to future
events. In some cases, forward-looking information may be stated in
the present tense, such as in respect of current matters that may
be continuing, or that may have a future impact or effect.
Forward-looking statements include, without limitation, statements
regarding wealth creation; realizing on strategic opportunities;
innovation; growth pipeline and its advancement; project
development quality; project economics, growth and discovery
potential; Platosa wind-down and its timing; capitalizing on
current market conditions; and project acquisition. Although
the Company believes that such statements are reasonable, no
assurance can be given that such expectations will prove to be
correct, and any forward-looking statements by the Company are not
guarantees of future results or performance. Forward-looking
statements are based on assumptions, estimates, expectations, and
opinions which are considered reasonable and represent best
judgment based on available facts, as of the date such statements
are made. If such assumptions, estimates, expectations and opinions
prove to be incorrect, actual and future results may be materially
different than expressed or implied in the forward-looking
statements. Forward-looking statements are also inherently subject
to known and unknown risks, uncertainties, contingencies and other
factors which may cause the actual results or performance of the
Company to be materially different from any future results or
performance expressed or implied by the forward-looking statements.
Such assumptions, estimates, expectations and opinions which may
prove to be incorrect, and such risks, uncertainties, contingencies
and other factors which may cause the actual results or performance
of the Company to be materially different, include, but are not
limited to, those stated in the Company's annual information form
dated March 31, 2022 ("2022
AIF"), the current technical reports for the Company's
projects, the Company's Management's Discussion and Analysis for
the year ended December 31, 2021 and
the quarters already ended in 2022, read together with the
accompanying financial statements, which are not exhaustive, and
readers should consult the more complete discussion of the
Company's business, financial condition and prospects in the 2022
AIF and other aforementioned documents. The forward-looking
statements referenced or contained in this Press Release are
expressly qualified by these Cautionary Statements as well as those
in the Company's referenced public disclosure, all of which is
available at www.excellonresources.com and/or under the
Company's profile at www.sedar.com. Forward-looking
statements contained in this Press Release are as of the date
thereof (or as otherwise expressly specified) and the Company
disclaims any obligation to update any forward-looking statements,
except as required by applicable laws.
SOURCE Excellon Resources Inc.