Results of 2020 Annual General Meeting
October 30 2020 - 8:00AM
Macarthur Minerals Limited
(ASX: MIO)
(TSX-V: MMS) (OTCQB: MMSDF) (the
“Company” or “Macarthur”) is pleased to advise that all resolutions
detailed in the Notice of Annual General Meeting of the Company
held today in Brisbane, Australia were passed by the requisite of
majority on a show of hands.
Resolution 10, Approval of 10% Placement
Facility was a Special Resolution which passed with the requisite
75% majority.
The results of proxy votes cast in respect of
each of the resolution put to shareholders at the Annual General
Meeting are set out in Appendix 1.
On behalf of the Board of Directors, Mr
Cameron McCall, Executive Chairman
For more information please contact:
Joe Phillips |
|
CEO & Director |
|
+61 7 3221 1796 |
|
communications@macarthurminerals.com |
|
|
|
Investor Relations – Australia |
Investor Relations - Canada |
Advisir |
Investor Cubed |
Sarah Lenard, Partner |
Neil Simon, CEO |
sarah.lenard@advisir.com.au |
+1 647 258 3310 |
|
info@investor3.ca |
Company profileMacarthur is an
iron ore development, gold and lithium exploration company that is
focused on bringing to production its Western Australia iron ore
projects. The Lake Giles Iron Project mineral resources include the
Ularring hematite resource (approved for development) comprising
Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred
resources of 26 million tonnes at 45.4% Fe; and the Lake Giles
magnetite resource of 53.9 million tonnes (Measured), 218.7 million
tonnes (Indicated) and 997 million tonnes (Inferred). Macarthur has
prominent (~721 square kilometer tenement area) gold, lithium and
copper exploration interests in Pilbara region of Western
Australia. In addition, Macarthur has lithium brine Claims in the
emerging Railroad Valley region in Nevada, USA.
This news release is not for
distribution to United
States services or for dissemination in
the United States
Caution Regarding Forward Looking
StatementsCertain of the statements made and information
contained in this press release may constitute forward-looking
information and forward-looking statements (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. All statements herein, other than statements of
historical fact, that address activities, events or developments
that the Company believes, expects or anticipates will or may occur
in the future, including but not limited to statements regarding
expected completion of the Feasibility Study; conversion of Mineral
Resources to Mineral Reserves or the eventual mining of the
Project, are forward-looking statements. The forward-looking
statements in this press release reflect the current expectations,
assumptions or beliefs of the Company based upon information
currently available to the Company. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and no assurance can be given that these
expectations will prove to be correct as actual results or
developments may differ materially from those projected in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include but are not limited to: unforeseen technology changes
that results in a reduction in iron or magnetite demand or
substitution by other metals or materials; the discovery of new
large low cost deposits of iron magnetite; the general level of
global economic activity; failure to complete the FS; inability to
demonstrate economic viability of Mineral Resources; and failure to
obtain mining approvals. Readers are cautioned not to place undue
reliance on forward-looking statements due to the inherent
uncertainty thereof. Such statements relate to future events and
expectations and, as such, involve known and unknown risks and
uncertainties. The forward-looking statements contained in this
press release are made as of the date of this press release and
except as may otherwise be required pursuant to applicable laws,
the Company does not assume any obligation to update or revise
these forward-looking statements, whether as a result of new
information, future events or otherwise.
Appendix 1 - Macarthur
Minerals 2020 Annual General
Meeting – Voting Results
|
|
|
|
Number of proxy votes received |
Number of votes cast on a poll |
Resolution |
For |
Against |
Proxy'sDiscretion |
#Abstain |
For |
Against |
#Abstain |
1 |
Adoption of Remuneration Report |
52,996,688 |
1,362,771 |
3,121,091 |
8,538 |
56,117,779 |
1,362,771 |
8,538 |
92.20% |
2.37% |
5.43% |
|
97.63% |
2.37% |
|
2 |
Re-election of Andrew Suckling |
55,009,678 |
1,938,625 |
6,571,834 |
395 |
61,581,512 |
1,938,625 |
395 |
86.60% |
3.05% |
10.35% |
|
96.95% |
3.05% |
|
3 |
Election of Daniel Lanskey |
55,168,355 |
1,356,631 |
6,571,834 |
423,712 |
61,740,189 |
1,356,631 |
423,712 |
87.43% |
2.15% |
10.42% |
|
97.85% |
2.15% |
|
4 |
Re-election of Alan Joseph Phillips |
55,591,653 |
1,356,650 |
6,571,834 |
395 |
62,163,487 |
1,356,650 |
395 |
87.52% |
2.14% |
10.35% |
|
97.86% |
2.14% |
|
5 |
Re-election of Alan Spence Phillips |
55,107,197 |
1,841,106 |
6,571,834 |
395 |
61,679,031 |
1,841,106 |
395 |
86.76% |
2.90% |
10.35% |
|
97.10% |
2.90% |
|
6 |
Re-election of Cameron McCall |
55,589,172 |
1,359,131 |
6,571,834 |
395 |
62,161,006 |
1,359,131 |
395 |
87.51% |
2.14% |
10.35% |
|
97.86% |
2.14% |
|
7 |
Appointment of Canadian Auditor |
55,582,172 |
1,356,131 |
6,571,834 |
10,395 |
62,154,006 |
1,356,131 |
10,395 |
87.52% |
2.14% |
10.35% |
|
97.86% |
2.14% |
|
8 |
Approval of Fixed 20% Employee Share Compensation Plan and
Consultant Share Compensation Plan |
50,875,634 |
2,193,461 |
4,398,068 |
21,925 |
55,273,702 |
2,193,461 |
21,925 |
88.53% |
3.82% |
7.65% |
|
96.18% |
3.82% |
|
9 |
Ratification of Previous Securities Issues |
54,018,492 |
2,629,927 |
6,571,834 |
395 |
60,590,326 |
2,629,927 |
395 |
85.44% |
4.16% |
10.40% |
|
95.84% |
4.16% |
|
10 |
Approval of 10% Placement Capacity |
54,023,660 |
1,599,700 |
6,571,834 |
1,325,338 |
60,595,494 |
1,599,700 |
1,325,338 |
86.86% |
2.57% |
10.57% |
|
97.43% |
2.57% |
|
11 |
Approval of Capacity for Future Share Placement |
54,013,763 |
1,615,597 |
6,571,834 |
1,319,338 |
60,585,597 |
1,615,597 |
1,319,338 |
86.84% |
2.60% |
10.57% |
|
97.40% |
2.60% |
|
* Percentage figures are based on total number
of shares voted.#Votes cast by a person who abstains on an item are
not counted in calculating the required majority on a poll.
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