K92 Mining Inc. (“
K92” or the
“
Company”) (TSX
: KNT;
OTCQX
: KNTNF) is pleased to announce the voting
results of its 2023 annual general and special meeting
(“
AGM”) of shareholders that was held today as a
virtual and in-person event. All of the resolutions proposed at the
meeting were duly passed.
A total of 161,634,701 common shares,
representing 68.99% of the Company’s issued and outstanding common
shares as at the record date were voted. All of the Company’s seven
director nominees were elected and detailed results of the votes on
directors are shown below:
Name of Nominee |
Votes For |
Votes Withheld |
Number |
% |
Number |
% |
Mark Eaton |
147,986,707 |
98.30 |
2,556,919 |
1.70 |
Anne E. Giardini |
140,674,924 |
93.45 |
9,868,702 |
6.55 |
Saurabh Handa |
146,371,982 |
97.23 |
4,171,644 |
2.77 |
Cyndi Laval |
149,958,586 |
99.61 |
585,040 |
0.39 |
Nan Lee |
149,952,856 |
99.61 |
590,770 |
0.39 |
John D. Lewins |
143,697,396 |
95.45 |
6,846,230 |
4.55 |
Graham Wheelock |
148,012,305 |
98.32 |
2,531,321 |
1.68 |
Shareholders also voted in favour of the
following matters:
- Set the number of directors at
seven (7);
- Re-appointed PricewaterhouseCoopers
LLP as auditor of the Company for the ensuing year and authorize
the directors to fix the auditor’s remuneration;
- Approved the Amended Share
Compensation Plan; and
- Approved the non-binding advisory
resolution accepting the Company’s approach to executive
compensation.
Matter |
Votes For |
Votes Against |
Number |
% |
Number |
% |
Number of Directors (7) |
161,526,401 |
99.93 |
108,300 |
0.07 |
Appoint Auditors |
161,325,808 |
99.81 |
308,893 |
0.19 |
Amended Share Compensation Plan |
132,682,737 |
88.14 |
17,860,889 |
11.86 |
Advisory Vote on the Executive Compensation |
145,393,354 |
96.58 |
5,150,272 |
3.42 |
All seven directors will serve on the Company's
Board of Directors until the next annual meeting of shareholders or
until their successors are elected or appointed.
Further details on the above matters are set
forth in the Company's meeting materials, including the Management
Information Circular dated May 19, 2023, that are accessible on
K92’s website at www.k92mining.com and under the Company's issuer
profile on SEDAR at www.sedar.com.
Final voting results on all matters voted on at
the AGM are also contained in the Report on Voting Results filed
under the Company’s profile on the SEDAR website.
About K92
K92 Mining Inc. is engaged in the production of
gold, copper and silver at the Kainantu Gold Mine in the Eastern
Highlands province of Papua New Guinea, as well as exploration and
development of mineral deposits in the immediate vicinity of the
mine. The Company declared commercial production from Kainantu in
February 2018 and is in a strong financial position. A maiden
resource estimate on the Blue Lake porphyry project was completed
in August 2022. K92 is operated by a team of mining company
professionals with extensive international mine-building and
operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and
Director
For further information, please contact David
Medilek, P.Eng., CFA, President at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain “forward-looking
information” within the meaning of applicable Canadian securities
legislation (“forward-looking statements”), including, but not
limited to, the impact of global supply chain and financial market
disruptions; projections of future financial and operational
performance; statements with respect to future events or future
performance; production estimates; anticipated operating and
production costs and revenue; estimates of capital expenditures;
future demand for and prices of commodities and currencies;
estimated mine life of our mine; estimated closure and reclamation
costs and statements regarding anticipated exploration,
development, construction, production, permitting and other
activities on the Company’s properties, including: expected gold,
silver and copper production and the Stage 3 Expansion and Stage 4
Expansion. Estimates of mineral reserves and mineral resources are
also forward-looking statements because they constitute
projections, based on certain estimates and assumptions, regarding
the amount of minerals that may be encountered in the future and/or
the anticipated economics of production. All statements in this
Annual Information Form that address events or developments that we
expect to occur in the future are forward-looking statements.
Forward-looking statements are statements that are not historical
facts and are generally, although not always, identified by words
such as “expect”, “plan”, “anticipate”, “project”, “target”,
“potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend”
or “believe” and similar expressions or their negative
connotations, or that events or conditions “will”, “would”, “may”,
“could”, “should” or “might” occur. All such forward-looking
statements are based on the opinions and estimates of management as
of the date such statements are made.
Forward-looking statements are necessarily based
on estimates and assumptions that are inherently subject to known
and unknown risks, uncertainties and other factors, many of which
are beyond our ability to control, that may cause our actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information. Such factors include, without
limitation, Public Health Crises, including the COVID-19 Pandemic;
changes in the price of gold, silver, copper and other metals in
the world markets; fluctuations in the price and availability of
infrastructure and energy and other commodities; fluctuations in
foreign currency exchange rates; volatility in price of our common
shares; inherent risks associated with the mining industry,
including problems related to weather and climate in remote areas
in which certain of the Company’s operations are located; failure
to achieve production, cost and other estimates; risks and
uncertainties associated with exploration and development;
uncertainties relating to estimates of mineral resources including
uncertainty that mineral resources may never be converted into
mineral reserves; the Company’s ability to carry on current and
future operations, including development and exploration
activities; the timing, extent, duration and economic viability of
such operations, including any mineral resources or reserves
identified thereby; the accuracy and reliability of estimates,
projections, forecasts, studies and assessments; the Company’s
ability to meet or achieve estimates, projections and forecasts;
the availability and cost of inputs; the availability and costs of
achieving the Stage 3 Expansion or the Stage 4 Expansion; the
ability of the Company to achieve the inputs the price and market
for outputs, including gold, silver and copper; inability of the
Company to identify appropriate acquisition targets or complete
desirable acquisitions; failures of information systems or
information security threats; political, economic and other risks
associated with the Company’s foreign operations; geopolitical
events and other uncertainties, such as the conflict in Ukraine;
compliance with various laws and regulatory requirements to which
the Company is subject to, including taxation; the ability to
obtain timely financing on reasonable terms when required; the
current and future social, economic and political conditions,
including relationship with the communities in Papua New Guinea and
other jurisdictions it operates; other assumptions and factors
generally associated with the mining industry; and the risks,
uncertainties and other factors referred to in the Company’s Annual
Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also
forward-looking statements because they constitute projections,
based on certain estimates and assumptions, regarding the amount of
minerals that may be encountered in the future and/or the
anticipated economics of production. The estimation of mineral
resources and mineral reserves is inherently uncertain and involves
subjective judgments about many relevant factors. Mineral resources
that are not mineral reserves do not have demonstrated economic
viability. The accuracy of any such estimates is a function of the
quantity and quality of available data, and of the assumptions made
and judgments used in engineering and geological interpretation,
Forward-looking statements are not a guarantee of future
performance, and actual results and future events could materially
differ from those anticipated in such statements. Although we have
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking statements, there may be other factors that cause
actual results to differ materially from those that are
anticipated, estimated, or intended. There can be no assurance that
such statements 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 statements. The Company 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.
K92 Mining (TSX:KNT)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
K92 Mining (TSX:KNT)
Historical Stock Chart
Von Mai 2023 bis Mai 2024