VANCOUVER, BC, Nov. 18,
2024 /CNW/ - Nations Royalty Corp.
(TSXV: NRC) (OTCQB: NRYCF) (FRA: Y96) ("Nations
Royalty" or the "Company") is pleased to announce the
results from the Annual General & Special Meeting (the
"AGSM") held on November 14,
2024. Shareholders voted in favour of all items of business
before the AGSM, including the election of all director nominees,
the appointment of the auditor, and the stock option plan.
The detailed voting results of the Meeting are as follows:
- a total of 10,743,178 votes were cast by holders of Nations
Royalty common shares (the "Shares"), representing 7.42% of
the total outstanding Shares;
- 10,743,178 Shares, representing 100% of the votes cast, were
voted in favour of setting the number of directors at five;
- 10,743,178 Shares, representing 100% of the votes cast, were
voted in favour of the election of each of the directors for the
ensuing year as follows: Edward
Clayton, Debra Febril, Collier Azak, Saga Williams, Alex
Morrison, and Robert
McLeod;
- 10,731,676 Shares, representing 99.89% of the votes cast, were
voted in favour of appointing Deloitte LLP, Chartered Accountants,
as the Company's auditor for the ensuing year and to authorize the
directors to fix their remuneration; and
- 10,741,951 Shares, representing 99.99% of the votes cast, were
voted in favour of passing an ordinary resolution approving and
ratifying the Company's amended stock option plan for the ensuing
year.
About Nations Royalty Corp.
The Company's vision is to unite First Nations and Indigenous
groups across Canada, welcoming
external investors to join the Company as shareholders. Together,
they will combine royalties, income and commodity streams and
annual benefit payment entitlements from resource projects, tapping
into the growth, diversification and value potential typical of
publicly traded royalty companies. As a leader in the spirit of
economic reconciliation, Nations Royalty's mission includes
capacity building of Indigenous People in public companies and
capital markets.
Nations Royalty's foundation begins with five annual benefit
payment entitlements in place in respect of the following
properties in Canada:
- The high-grade Brucejack gold mine operated by Newmont
Corporation;
- The KSM Copper-Gold-Silver-Molybdenum deposit, currently
in development by Seabridge Gold Inc.;
- The Premier Gold Project, currently being commissioned
by Ascot Resources Ltd. with first gold poured in April, 2024;
- The Red Mountain Gold Deposit, owned by Ascot Resources
Ltd.; and
- The Kitsault Molybdenum Deposit, a large, fully
permitted brownfield site owned and being actively advanced by New
Moly LLC, majority-owned by Resource Capital Fund VI L.P.
On behalf of the Board of Directors of Nations Royalty
Corp.
"Robert McLeod"
Robert McLeod, Chief Executive
Officer
rm@nationsroyalty.ca
(604) 617-0616
Cautionary Statement Regarding Forward-Looking
Information
Certain statements in this press release constitute
forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the current expectations of
management of the Company. Actual events and conditions could
differ materially from those expressed or implied in this press
release as a result of known and unknown risk factors and
uncertainties affecting the Company, including risks regarding the
industry in which the Company operates, economic factors, the
equity markets generally and risks associated with growth and
competition. Additional risk factors are also set forth in the
Company's management's discussion and analysis and other filings
available via the System for Electronic Document Analysis and
Retrieval (SEDAR+) under the Company 's profile at
www.sedarplus.ca. Although the Company has attempted to identify
certain factors that could cause actual actions, events or results
to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or intended.
No forward-looking statement can be taken as guaranteed. The
forward-looking information contained in this press release is made
as of the date hereof and the Company is not obligated to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, readers should not place any undue
reliance on forward looking information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Nations Royalty Corp.