Western Uranium & Vanadium Corp. Announces Results of Annual General and Special Meeting
25 Juni 2019 - 12:30AM
Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF)
(“Western” or the ”Company”) is pleased to announce the results of
the Company’s Annual General and Special Meeting (“Meeting”) held
in New York City on June 21, 2019.
Proxy votes were cast for common shares
representing approximately 29% of the issued and outstanding common
shares of the Company as at the record date for the Meeting. The
shareholders approved all resolutions submitted for their
consideration at the Meeting, each such resolution being approved
by a margin in excess of a two-thirds of the votes cast for the
Meeting.
Election of Directors
At the Meeting, the shareholders elected the
slate of directors proposed by management to the Company's Board,
namely, George Glasier, Bryan Murphy, and Andrew Wilder.
Appointment of Auditor
The shareholders re-appointed MNP LLP as auditor
of the Company, and authorized the Board to fix the auditor’s
remuneration for the ensuing year.
Approval of New Share Class
The Shareholders approved at the Meeting a
special resolution authorizing the creation of a new class of
Subordinate Voting Shares (“New Share Class”). The reasons for the
New Share Class are described in the management information
circular prepared for the Meeting. A clarifying news release was
issued on June 10, 2019. The New Share Class resolution authorizes
an amendment to the articles of incorporation (as amended) of the
Company, so as to create the New Share Class that would be issuable
in one or more series with share quantity, voting rights, terms,
and conditions determined at the discretion of the Board.
Board Meeting
At a meeting of the newly-elected Board
immediately following the shareholders' Meeting, the Board
re-appointed Bryan Murphy as Chairman of the Board.
At the same meeting of the Board, the following
management appointments were confirmed for the ensuing year: George
Glasier, President and Chief Executive Officer; Robert Klein, Chief
Financial Officer; Denis Frawley, Corporate Secretary.
About Western Uranium
& Vanadium Corp.
Western Uranium & Vanadium Corp. is a
Colorado based uranium and vanadium conventional mining company
focused on low cost near-term production of uranium and vanadium in
the western United States, and development and application of
Ablation Mining Technology.
Cautionary Note Regarding
Forward-Looking Information: Certain information contained
in this news release constitutes “forward-looking information” or
“forward-looking statements” within the meaning of applicable
securities laws (collectively, “forward-looking statements”).
Statements of that nature include statements relating to, or that
are dependent upon: the Company’s expectations, estimates and
projections regarding exploration and production plans and results;
the timing of planned activities; whether the Company can raise any
additional funds required to implement its plans; whether
regulatory or analogous requirements can be satisfied to permit
planned activities; and more generally to the Company’s business,
and the economic and political environment applicable to its
operations, assets and plans. All such forward-looking statements
are subject to important risk factors and uncertainties, many of
which are beyond the Company’s ability to control or predict.
Please refer to the Company’s most recent Management’s Discussion
and Analysis, as well as its other filings at www.sec.gov and/or
www.sedar.com, for a more detailed review of those risk
factors. Readers are cautioned not to place undue reliance on
the Company’s forward-looking statements, and that these statements
are made as of the date hereof. While the Company may do so, it
does not undertake any obligation to update these forward-looking
statements at any particular time, except as and to the extent
required under applicable laws and regulations.
FOR ADDITIONAL INFORMATION, PLEASE
CONTACT:
George
Glasier
President and CEO
970-778-9195
gglasier@western-uranium.com
Robert KleinChief Financial
Officer908-872-7686rklein@western-uranium.com
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