TSX:
ASND
www.ascendantresources.com
- All matters overwhelmingly approved by shareholders
TORONTO, Aug. 23,
2023 /CNW/ - Ascendant Resources
Inc. (TSX: ASND) (OTCQB: ASND) ("Ascendant" or
the "Company") is pleased to announce the voting results
of the Company's 2023 Annual and Special
Shareholders' Meeting (the "Meeting") held on
August 23, 2023, in Toronto, Ontario.
A total of 43,635,681 common shares were voted at the Meeting,
representing 32.98% of the votes attached to all outstanding common
shares of the Company. All
matters presented for shareholder approval
at the Meeting were duly authorized and approved as follows:
Number of Directors to be
Elected
On a vote by a show of hands, the resolution to set the number
of directors to be elected at the meeting at seven (7) was
approved. The following favourable votes were cast by
proxy:
|
Total Votes
|
% of Votes
Cast
|
|
Votes in
Favour
|
43,175,341
|
98.95 %
|
|
Votes
Against
|
460,340
|
1.05 %
|
|
Total Votes
Cast
|
43,635,681
|
100 %
|
Election of Directors
The shareholders elected each of the seven nominees listed in
the Company's Management Proxy Circular. Details of the
voting results are as follows
|
Name
|
Votes
in Favour
|
%
|
Votes Withheld
|
%
|
|
Mark Brennan
|
42,263,782
|
98.83 %
|
501,592
|
1.17
|
|
Robert
Campbell
|
42,494,276
|
99.37 %
|
271,098
|
0.63
|
|
Christopher
Jones
|
38,656,682
|
90.39 %
|
4,108,692
|
9.61
|
|
Kurt Menchen
|
38,653,276
|
90.38 %
|
4,112,098
|
9.62
|
|
Rui Botica
Santos
|
38,653,276
|
90.38 %
|
4,112,098
|
9.62
|
|
Robert
Sellars
|
38,653,276
|
90.38 %
|
4,112,098
|
9.62
|
|
Stephen
Shefsky
|
38,653,276
|
90.38 %
|
4,112,098
|
9.62
|
Appointment of Auditors
KPMG LLP was appointed auditor of the Corporation and the
directors of the Corporation were authorized to fix the auditor's
remuneration. Details of the voting results are as
follows:
|
Total Votes
|
% of
Votes Cast
|
|
Votes in Favour
|
43,178,747
|
98.95 %
|
|
Votes Withheld
|
456,934
|
1.05 %
|
|
Total Votes
Cast
|
43,635,681
|
100 %
|
Amended and Restated Omnibus
Incentive Plan
A ballot was conducted with respect to the Amended and Restated
Omnibus Incentive Plan of the Corporation. According to the
proxies received and ballots cast by shareholders, the resolution
to approve the Amended and Restated Omnibus Incentive Plan of the
Corporation was approved.
|
Total Votes
|
% of
Votes Cast
|
|
Votes in Favour
|
38,283,059
|
89.52 %
|
|
Votes Against
|
4,482,315
|
10.48 %
|
|
Total Votes
Cast
|
42,765,374
|
100 %
|
About Ascendant Resources
Inc.
Ascendant Resources is a Toronto-based mining company focused on the
exploration and development of the highly prospective Lagoa Salgada
VMS project located on the prolific Iberian Pyrite Belt in
Portugal. The Lagoa Salgada
project is a high-grade polymetallic project, demonstrating a
typical mineralization endowment of zinc, copper, lead, tin,
silver, and gold. Extensive exploration upside potential lies both
near deposit and at prospective step-out targets across the large
7,209-hectare property concession.
Located just 80km from Lisbon
and surrounded by exceptional infrastructure, Lagoa Salgada offers
a low-cost entry to a significant exploration and development
opportunity, already showing its mineable scale and cashflow
generation potential.
Ascendant currently holds 80% interest in the Lagoa Salgada
project through its position in Redcorp - Empreendimentos Mineiros,
Lda, ("Redcorp"). The Company's common shares are principally
listed on the Toronto Stock Exchange under the symbol "ASND". For
more information on Ascendant, please visit our website at
http://www.ascendantresources.com/.
Additional information relating to the Company, including the
Preliminary Economic Assessment referenced in this news release, is
available on SEDAR at www.sedar.com.
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SOURCE Ascendant Resources Inc.