05.15.2018

Wallbridge Mining Announces Voting Results from its Annual and Special Meeting of Shareholders

Wallbridge Media release

 

 

 

 


NEWS PROVIDED BY

Wallbridge Mining Company Limited

May 14, 2018, 12:04 ET


TORONTOMay 14, 2018 /CNW/ – Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) (“Wallbridge”) held its Annual and Special Meeting of Shareholders (the “Meeting“) on May 10, 2018.

A total of 146,964,132 shares or 50% of the outstanding shares of the Company were represented at the Meeting by proxy or in person. All of the matters submitted to the shareholders for approval as set out in the Company’s notice of meeting and information circular dated March 26, 2018, were approved by the requisite majority of votes cast at the Meeting.

The following directors were elected until the next annual meeting of shareholders or until their successors are otherwise duly elected or appointed: Alar Soever, Parviz Farsangi, W. Warren Holmes, RenĂ© Galipeau, Darryl SittlerFaramarz (Marz) Kord and Shawn Day. All of the directors received the support of more than 98% of the votes represented at the meeting as follows:

 

Votes For

Votes Withheld

 

Number

Percent

Number

Percent

Alar Soever

110,242,064

99.59%

458,300

0.41%

Parviz Farsangi

109,955,064

99.33%

745,300

0.67%

W. Warren Holmes

110,241,564

99.59%

458,800

0.41%

René Galipeau

110,241,564

99.59%

458,800

0.41%

Darryl Sittler

110,401,564

99.73%

298,800

0.27%

Faramarz (Marz) Kord

110,241,064

99.59%

459,300

0.41%

Shawn Day

109,543,564

98.96%

1,156,800

1.04%

Additionally, setting the number of Directors at seven, the appointment of KPMG as Company’s auditors and confirmation of the advance notice by-law were approved with votes of 89.51%, 99.63% and 98.77% respectively.

At the Meeting, Alar Soever announced that he was transitioning from Executive Chair of the Company, a role he has held since 2012, to non-Executive Chair. Mr. Soever described this transition as part of the Company’s long term business plan stating that, “With Fenelon now fully financed through the bulk sample, and with the core of a solid team in place, I am proud that we are now in a position to take the next step in our business plan which is my transition from Executive Chairman to Non-Executive Chairman.”

About Wallbridge Mining

Wallbridge is working to establish a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.

Wallbridge is currently developing its 100%-owned high-grade Fenelon Gold property in Quebec with ongoing exploration and a bulk sample in 2018. Wallbridge is also pursuing other additional advanced-stage projects which would add to the Company’s near term project pipeline. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit in Sudbury, which was completed in October 2015.  Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.

Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia through its 11.5% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources Limited).

This press release may contain forward-looking statements (including “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other