Ascot Resources Announces Results of Annual General Meeting Held June 23, 2022
23 Juin 2022 - 09:17PM
Ascot Resources Ltd. (TSX: AOT; OTCQX:
AOTVF) (“
Ascot” or the
“
Company”) reports that at its annual general
meeting (the "AGM") held today, June 23, 2022, Ascot's shareholders
approved by majority: to elect all seven directors standing for
re-election; to re-appoint PricewaterhouseCoopers LLP as the
Company's auditor; the Company’s three equity plans; and the
philosophy and design of the Company’s executive compensation.
Detailed results of
the votes held by ballot at the AGM are set out below:
Nominee |
Total Votes Cast |
|
Total Votes Cast For |
|
Votes Withheld |
|
% For |
|
% Withheld |
|
William Bennett |
168,237,306 |
|
148,777,455 |
|
19,459,851 |
|
88.43 |
|
11.57 |
|
Kenneth Carter |
168,237,306 |
|
167,953,128 |
|
284,178 |
|
99.83 |
|
0.17 |
|
Indi Gopinathan |
168,237,306 |
|
167,923,985 |
|
313,321 |
|
99.81 |
|
0.19 |
|
Don Njegovan |
168,237,306 |
|
163,716,837 |
|
4,520,469 |
|
97.31 |
|
2.69 |
|
James Stypula |
168,237,306 |
|
157,399,647 |
|
10,837,659 |
|
93.56 |
|
6.44 |
|
Andree St-Germain |
168,237,306 |
|
167,920,914 |
|
316,392 |
|
99.81 |
|
0.19 |
|
Rick Zimmer |
168,237,306 |
|
163,086,778 |
|
5,150,528 |
|
96.94 |
|
3.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Votes Cast |
|
Total Votes Cast For |
|
Total Votes Cast Against |
|
% For |
|
% Against |
|
Stock Option Plan |
168,237,306 |
|
150,226,001 |
|
18,011,305 |
|
89.29 |
|
10.71 |
|
Amended Share Unit Plan |
168,237,306 |
|
159,825,964 |
|
8,411,342 |
|
95.00 |
|
5.00 |
|
Amended Deferred Share Unit Plan |
168,237,306 |
|
161,789,452 |
|
6,447,854 |
|
96.17 |
|
3.83 |
|
Non-binding Resolution on the Company’s Executive Compensation |
168,237,306 |
|
166,291,793 |
|
1,945,513 |
|
98.84 |
|
1.16 |
|
The Board and Derek
White, President and CEO, extend thanks to the shareholders of the
Company for their continued support.
Please join President & CEO Derek White for
a presentation via webcast at 1:15 PM PST for the results of the
AGM and an overview of Ascot’s progress and plans in 2022. Please
join 5 to 10 minutes prior to the scheduled
time.Webcast:
http://services.choruscall.ca/links/ascot20220623.htmlTelephone:
toll free Canada/USA 1‐800‐319‐4610; International
1‐604‐638‐5340
ON BEHALF OF THE BOARD OF DIRECTORS OFASCOT RESOURCES
LTD.
“Derek C. White”, President and
CEO
For further information contact:David Stewart,
P.Eng.VP, Corporate Development & Shareholder
Communicationsdstewart@ascotgold.com778-725-1060 ext. 1024
About Ascot Resources Ltd.Ascot
is a Canadian-based exploration and development company focused on
re-starting the past producing historic Premier gold mine, located
in British Columbia's Golden Triangle. The Company continues to
define high-grade resources for underground mining with the
near-term goal of converting the underground resources into
reserves, while continuing to explore nearby targets on its
Premier/Dilworth and Silver Coin properties (collectively referred
to as the Premier Gold Project). Ascot's acquisition of IDM Mining
added the high-grade gold and silver Red Mountain Project to its
portfolio and positions the Company as a leading consolidator of
high-quality assets in the Golden Triangle.
For more information about the Company, please
refer to the Company’s profile on SEDAR at www.sedar.com or visit
the Company’s web site at www.ascotgold.com, or for a virtual tour
visit www.vrify.com under Ascot Resources.
The Toronto Stock Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Regarding
Forward-Looking InformationAll statements and other
information contained in this press release about anticipated
future events may constitute forward-looking information under
Canadian securities laws ("forward-looking statements").
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect", "targeted", "outlook", "on track" and
"intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. All statements, other than statements of historical
fact, included herein are forward-looking statements, including
statements in respect of the pursuit of alternative project
financing solutions, the advancement and development of the PGP and
the timing related thereto, the exploration of the Company’s
properties and management’s outlook for the remainder of 2022 and
2023. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements, including risks associated with the
business of Ascot; risks related to exploration and potential
development of Ascot's projects; business and economic conditions
in the mining industry generally; fluctuations in commodity prices
and currency exchange rates; uncertainties relating to
interpretation of drill results and the geology, continuity and
grade of mineral deposits; the need for cooperation of government
agencies and indigenous groups in the exploration and development
of properties and the issuance of required permits; the need to
obtain additional financing to develop properties and uncertainty
as to the availability and terms of future financing; the
possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty
as to timely availability of permits and other governmental
approvals; risks associated with COVID-19 including adverse impacts
on the world economy, construction timing and the availability of
personnel; and other risk factors as detailed from time to time in
Ascot's filings with Canadian securities regulators, available on
Ascot's profile on SEDAR at www.sedar.com including the Annual
Information Form of the Company dated March 21, 2022 in the section
entitled "Risk Factors". Forward-looking statements are based on
assumptions made with regard to: the estimated costs associated
with construction of the Project; the timing of the anticipated
start of production at the Project; the ability to maintain
throughput and production levels at the Premier Mill; the tax rate
applicable to the Company; future commodity prices; the grade of
Resources and Reserves; the ability of the Company to convert
inferred resources to other categories; the ability of the Company
to reduce mining dilution; the ability to reduce capital costs; and
exploration plans. Forward-looking statements are based on
estimates and opinions of management at the date the statements are
made. Although Ascot believes that the expectations reflected in
such forward-looking statements and/or information are reasonable,
undue reliance should not be placed on forward-looking statements
since Ascot can give no assurance that such expectations will prove
to be correct. Ascot does not undertake any obligation to update
forward-looking statements. The forward-looking information
contained in this news release is expressly qualified by this
cautionary statement.
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