Euro Sun Mining Inc. Announces 2024 AGM Voting Results and Other Updates
18 Juni 2024 - 12:00AM
Euro Sun Mining Inc., (TSX: ESM) (“
Euro
Sun” or the “
Company”) is pleased to
provide the voting results from the Annual General and Special
Meeting of shareholders in accordance with the policies of the
Toronto Stock Exchange.
The Company announces that the nominees listed
in the management proxy circular dated May 10, 2024 (the
“Circular”) for the 2024 annual general and
special meeting of shareholders of the Company (the
“Meeting”) were elected as directors of the
Company. Shareholders at the Meeting also approved the appointment
of the Company's auditors.
Detailed results of the vote for the election of
directors held at the Meeting on June 17, 2024 in Toronto, Ontario
are set out below.
Election of Directors
The shareholders approved the election as directors of the
persons listed below, based on the following vote.
Nominee |
% Votes For |
% Votes Withheld |
Grant Sboros |
96.215 |
3.785 |
Neil Said |
88.267 |
11.733 |
Deborah Battiston |
88.130 |
11.870 |
Martin Schuermann |
88.350 |
11.650 |
Shareholders voted 94.715% in favour of the
approval of the appointment of the Company’s auditors, with 5.285%
of shareholders withholding their vote on the appointment of
auditors.
Shareholders at the Meeting also approved the
Company’s share incentive plan (the “Share Incentive
Plan”), with 79.914% in favour and 20.086% against. A
total of 34,040,199 common shares were voted in connection at the
Meeting, representing approximately 10.62% of the issued and
outstanding common shares of the Company.
Euro Sun’s board would like to express its
gratitude to its shareholders for their participation and
support.
Amendment to Royalty Agreement and
Re-payment of Debenture
The Company is pleased to announce that it has
entered into an amendment (the “Amendment”) to the
net smelter return royalty agreement (the
“Agreement”) with certain purchasers (together,
the “Holder”) for the Company’s Rovina Valley
Project (the “Property”), pursuant to which the
remaining payments owing under the Agreement are to be paid (a)
US$660,000 on June 14, 2024 (the “Initial Final
Payment”) and (b) the remainder by September 30, 2024. In
connection with the Amendment and the Initial Final Payment, the
Company has repaid all principal owing under the secured debenture
of the Company dated December 6, 2023.
The Company thanks the Holder for their
continued support of the Rovina Valley Project.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed
mining Company focused on the exploration and development of its
100%-owned Rovina Valley gold and copper project located in
west-central Romania, which hosts the second largest gold deposit
in Europe.
The Project supports a circular economy by
unlocking much needed investment and job creation in Hunedoara
County and, delivers critical minerals necessary for Europe’s green
energy transition. The Project adopts the latest in modern mining
environmental methodology and uses no cyanide or wet tailings in
processes.
Further information:
For further information about Euro Sun Mining,
or the contents of this press release, please contact Investor
Relations at info@eurosunmining.com
Caution regarding forward-looking
information:
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the Meeting and payments under the
Agreement. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including risks
inherent in the mining industry and risks described in the public
disclosure of the Company which is available under the profile of
the Company on SEDAR at www.sedar.com and on the Company
's website at www.eurosunmining.com. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
The TSX does not accept responsibility for the
adequacy or accuracy of this news release.
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