TORONTO, April 15, 2020 /CNW/ - (TSX: LUN; Nasdaq
Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or
the "Company") today announced that the Company will hold its
Annual Meeting (the "Meeting") on Monday,
May 11, 2020 at 11:00 a.m. ET
via live audio webcast online
at www.virtualshareholdermeeting.com/LUN2020. The Notice of
Meeting, the accompanying Management Proxy Circular and related
meeting materials are now available under the Company's profile on
SEDAR at www.sedar.com and on the Company's website at
www.lundinmining.com.
Lundin Mining also announced the nomination of Ashley Heppenstall for election to the Company's
Board of Directors (the "Board'') at the Meeting. In connection
with the nomination of Mr. Heppenstall. The Company's Lead
Director, Mr. William Rand, will not
be standing for re-election.
Mr. Lukas Lundin, Chair of Lundin
Mining's Board stated, "First and foremost we would like to thank
Bill for his dedication to Lundin Mining. Bill has been an engaged
and invaluable director of the Company since its incorporation in
1994. It is without exaggeration that Lundin Mining is the success
it is today in large part to Bill's guidance and stewardship
through many periods of challenge and growth over the last 25
years."
Mr. Lundin continued, "We are very pleased to have Mr.
Heppenstall nominated for election to Lundin Mining's Board.
Ashely's nomination is part of ongoing renewal focused on ensuring
the Board retains the skills and expertise to drive continued
success of the Company. His experience as a seasoned board member
and years of executive leadership in the natural resource sector
will be a meaningful addition to the Board."
Mr. Heppenstall has over 30 years of experience in the oil and
gas and resource sectors. From 2001 to 2015, Mr. Heppenstall served
as the President, Chief Executive Officer and Finance Director of
Lundin Petroleum AB, an oil and gas exploration and production
company with core assets in Norway
and South East Asia. Early in his
career, Mr. Heppenstall worked in the banking sector where he was
involved in project financing of oil and resource sector
businesses.
Annual Meeting Information
Given the significant uncertainty relating to the coronavirus
(COVID-19) pandemic, its public health impact and the associated
current restrictions on and the risk in attending large group
gatherings, Lundin Mining has made arrangements to enable
shareholders to attend and vote virtually at this year's
Meeting.
Eligible Shareholders are encouraged to vote online at
www.proxyvote.com, by telephone or by proxy.
The Meeting will be held on Monday May
11, 2020 at 11:00 a.m. ET via
live audio webcast online at
www.virtualshareholdermeeting.com/LUN2020.
The Meeting is being held for the following purposes:
- To receive the audited consolidated financial statements of the
Corporation for the year ended December 31,
2019 and the report of the auditors thereon;
- To elect the directors for the ensuing year;
- To appoint PricewaterhouseCoopers LLP, Chartered Professional
Accountants, Licensed Public Accountants as auditors of the
Corporation for the ensuing year, and to authorize the directors to
fix the remuneration to be paid to the auditors;
- To provide shareholders with an advisory vote on Executive
Compensation;
- To consider and if deemed appropriate, passing with or without
amendment, an ordinary resolution to approve amendments to the
Amended and Restated Incentive Stock Option Plan (the "Stock Option
Plan") of the Corporation all as more fully described in the
Circular, and to increase the number of Common Shares reserved for
issuance thereunder by 12,000,000 Common Shares, resulting in a
total of 19,967,925 Common Shares available for future issuance
under the Stock Option Plan (and an aggregate total of 42,000,000
Common Shares issuable since adoption of the Stock Option Plan in
2014), and increase the maximum term of the options granted
pursuant to the Stock Option Plan to seven years; and
- To transact such further and other business as may properly be
brought before the Meeting or any adjournment or postponement
thereof.
The record date for the Annual Meeting is March 20, 2020. The Meeting materials were
mailed to shareholders on or about April
15, 2020. The Notice of Meeting, the accompanying
Management Proxy Circular and related meeting materials are now
available under the Company's profile on SEDAR at www.sedar.com and
on the Company's website at www.lundinmining.com.
How to Vote if Your Securities Trade on the Nasdaq Stockholm
Exchange
The information in this section is of significance to
shareholders who hold their securities ("Euroclear Registered
Securities") through Euroclear Sweden AB, which securities trade on
the Nasdaq Stockholm Exchange. Shareholders who hold
Euroclear Registered Securities are not registered holders of
voting securities for the purposes of voting at the Meeting.
Instead, Euroclear Registered Securities are registered under
CDS & Co., the registration name of the Canadian Depositary for
Securities. Holders of Euroclear Registered Securities will
receive a Form of Proxy (the "Swedish Proxy") by mail directly from
Computershare AB ("Computershare Sweden"). The Swedish Proxy
cannot be used to vote securities directly at the Meeting.
Instead, the Swedish Proxy must be completed and returned to
Computershare Sweden, strictly in accordance with the instructions
and deadlines that will be described in the instructions provided
with the Swedish Proxy. Shareholders who hold Euroclear
Registered Securities will be able to listen to the Meeting but
will not be able to ask questions or to vote during the Meeting.
The virtual meeting will be available via a live audio webcast at
www.virtualshareholdermeeting.com/LUN2020.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with operations in Brazil,
Chile, Portugal, Sweden and the
United States of America, primarily producing copper, zinc,
gold and nickel.
The information in this release is subject to the disclosure
requirements of Lundin Mining under the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the contact persons set out below on April 15, 2020 at 17:00
Eastern Time.
SOURCE Lundin Mining Corporation