Torex Announces the Results of Its 2019 Meeting of Shareholders

Date : 06/20/2019 @ 11:34PM
Source : GlobeNewswire Inc.
Stock : Torex Gold Resources Inc (TXG)
Quote : 19.95  0.91 (4.78%) @ 9:12PM

Torex Announces the Results of Its 2019 Meeting of Shareholders

Torex Gold Resources (TSX:TXG)
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Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the results of its 2019 annual and special meeting of shareholders (the “Meeting”) held in Toronto, Ontario on June 20, 2019.

Item 1. Election of Directors

At the Meeting, all director nominees listed in the Company’s management information circular (the “Circular”) dated May 7, 2019, were elected as directors of the Company. The detailed results of the vote by ballot are as follows:

DirectorVote TypeNumber of VotesPercentage of Votes
A. Terrance MacGibbonFor59,351,46489.78
Withheld6,752,52810.22
Andrew B. AdamsFor59,453,63089.94
Withheld6,650,36210.06
James A. CrombieFor56,844,19885.99
Withheld9,259,79414.01
Franklin L. DavisFor58,808,29888.96
Withheld7,295,69411.04
David A. FennellFor53,250,61980.56
Withheld12,853,37319.44
Michael D. MurphyFor53,377,67880.75
Withheld12,726,31419.25
William M. ShaverFor65,952,59999.77
Withheld151,3930.23
Elizabeth A. WademanFor61,794,58893.48
Withheld4,309,4046.52
Frederick M. StanfordFor65,975,86999.81
Withheld128,1230.19

Item 2. Appointment of Auditor

By a vote by way of show of hands, KPMG LLP, Chartered Public Accountants, was re-appointed as auditors of the Company.

Item 3. Approval of Unallocated Share Units under the Employee Share Unit Plan

On a vote by ballot, a resolution was passed whereby the unallocated share units under the Employee Share Unit Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be held in 2022.

Votes For% Votes ForVotes Against% Votes Against
39,758,55060.1526,345,44239.85

Item 4. Approval of Unallocated Options under the Stock Option Plan

On a vote by ballot, a resolution was passed whereby the unallocated options under the Stock Option Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be held in 2022.

Votes For% Votes ForVotes Against% Votes Against
56,548,09485.549,555,89814.46

Item 5. Approval of Unallocated Restricted Share Units and Amendments to the Restricted Share Plan

On a vote by ballot, a resolution was passed whereby (i) the unallocated restricted share units under the Restricted Share Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be held in 2022; and (ii) the amendments to the Restricted Share Plan, as more particularly described in the Circular, were approved.

Votes For% Votes ForVotes Against% Votes Against
39,639,64759.9726,464,34540.03

Item 6. Executive Compensation

On a vote by way of show of hands, a non-binding advisory resolution was passed accepting the approach to executive compensation disclosed in the Circular and delivered in advance of the Meeting. The proxy voting results are as follows:

Votes For% Votes ForVotes Against% Votes Against
64,800,23498.041,294,0081.96

The formal report on voting results with respect to all maters voted upon at the Meeting will be filed on SEDAR at www.sedar.com. A copy of the presentation given at the Meeting will be available on the Company’s website at www.torexgold.com.

About Torex Gold Resources Inc.Torex is an intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limón Guajes mining complex (the “ELG Mine Complex”), comprised of the El Limón, Guajes and El Limón Sur open pits, the El Limón Guajes underground mine including zones referred to as Sub-Sill and El Limón Deep, and the processing plant and related infrastructure, which is in the commercial production stage as of April 1, 2016, and the Media Luna deposit, which is an early stage development project, and for which the Company issued an updated preliminary economic assessment in September 2018. The property remains 75% unexplored. For further information, please contact:

TOREX GOLD RESOURCES INC. 
Fred Stanford President and CEO Direct: (647) 260-1502 Email: fred.stanford@torexgold.comDan Rollins Vice President, Corporate Development & Investor Relations Direct: (647) 260-1503 Email: dan.rollins@torexgold.com

 

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