VANCOUVER, April 26, 2019 /CNW/ - Sun Metals Corp. ("Sun Metals") (TSXV: SUNM) announces the results of voting at its Annual General Meeting of Shareholders ("AGM") held Friday, April 26, 2019. A total of 25,184,857 common shares were voted, representing 27.22% of total shares issued and outstanding as at the record date of the meeting.
Shareholders voted in favour of all items put forward by the Board of Directors and management. All six of the individuals nominated for the board of directors were elected as set out below:
Votes For | % Votes For | Votes Withheld | % Votes Withheld | |
Donald McInnes | 24,679,857 | 97.99% | 505,000 | 2.01% |
Sean Tetzlaff | 24,679,857 | 97.99% | 505,000 | 2.01% |
Mark O'Dea | 24,641,857 | 97.84% | 543,000 | 2.16% |
Glen Garratt | 25,173,357 | 99.95% | 11,500 | 0.05% |
Steve Robertson | 25,154,857 | 99.88% | 30,000 | 0.12% |
Richard Bailes | 25,184,857 | 100.00% | Nil | 0.00% |
Shareholders also voted in favour of (i) reappointing KPMG LLP, Chartered Accountants, as auditors of the Company for the ensuing year and authorizing directors to fix their remuneration; and (ii) approving and ratifying the Company's Stock Option Plan.
Cancellation of Common Shares
Further to its acquisition of Lorraine Copper Corp. ("Lorraine") announced on April 12, 2019, Sun Metals plans to cancel the 1,500,000 common shares of the Company previously owned by Lorraine. Following cancellation of the common shares, Sun Metals will have 120,120,710 common shares issued and outstanding.
Neither 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.
About Sun Metals
Sun Metals is advancing its flagship Stardust Project located in northcentral British Columbia, Canada. Stardust is a polymetallic Carbonate Replacement Deposit with a rich history. Sun Metals believes British Columbia is a reliable jurisdiction with excellent exposure to capital markets, a deep pool of exploration professionals, a wealth of supporting services, and exceptional infrastructure with direct access to Pacific markets. Sun Metals also owns the Lorraine copper-gold project (joint-ventured with Teck Resources Limited), and the OK copper-molybdenum project.
For further information please visit Sun Metals' website at www.SunMetals.ca.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking statements. In making the forward-looking statements in this release, the parties have applied certain factors and assumptions that are based on the parties' current beliefs as well as assumptions made by and information currently available to the parties. Although the parties consider these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The parties do not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Sun Metals
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