Ascendant Resources Announces Results of Annual Shareholder’s Meeting
06 August 2021 - 10:00PM
Ascendant Resources Inc. (TSX: ASND) (FRA: 2D9)
("Ascendant" or the "Company”) is pleased to announce the voting
results of the Company’s 2021 Annual Shareholder’s Meeting (the
“Meeting”) held on August 5, 2021, in Toronto, Ontario.
A total of 9,735,012 common shares were voted at
the Meeting, representing 10.13% 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
The number of directors to be elected at the
meeting was set at six (6). Details of the voting results are as
follows:
|
Total Votes |
% of Votes Cast |
Votes in FavourVotes Against |
7,552,5171,584,632 |
82.6617.34 |
Total Votes Cast |
9,137,149 |
100 |
Election of Directors
The shareholders elected each of the six
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 |
7,610,148 |
83.29 |
1,527,001 |
16.71 |
Stephen Shefsky |
7,551,517 |
82.65 |
1,585,632 |
17.35 |
Robert Campbell |
7,521,517 |
82.32 |
1,615,632 |
17.68 |
Petra Decher |
7,608,415 |
83.27 |
1,528,734 |
16.73 |
Rui Botica Santos |
7,553,250 |
82.67 |
1,583,899 |
17.33 |
Kurt Menchen |
7,608,415 |
83.27 |
1,528,734 |
16.73 |
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 |
9,734,212 |
99.99 |
Votes Withheld |
800 |
0.01 |
Total Votes Cast |
9,735,012 |
100 |
About Ascendant Resources
Inc.
Ascendant 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. Through focused exploration and
aggressive development plans, the Company aims to unlock the
inherent potential of the project, maximizing value creation for
shareholders.
The Venda Nova deposit at Lagoa Salgada contains
over 10.33 million tonnes of Measured and Indicated Resources @
9.06 % ZnEq and 2.50 million tonnes of Inferred Resources @ 5.93 %
ZnEq in the North Zone; and 4.42 million tonnes of Indicated
Resources @ 1.50 % CuEq and 10.83 million tonnes of Inferred
resources @ 1.35 % CuEq in the South Zone. The deposit demonstrates
typical mineralization characteristics of Iberian Pyrite Belt VMS
deposits containing zinc, copper, lead, tin, silver and gold.
Extensive exploration upside potential lies both near deposit and
at prospective step-out targets across the large 10,700ha property
concession. The project also demonstrates compelling economics with
scalability for future resource growth in the results of the
Preliminary Economic Assessment. Located just 80km from Lisbon,
Lagoa Salgada is easily accessible by road and surrounded by
exceptional Infrastructure. Ascendant holds a 21.25% interest in
the Lagoa Salgada project through its 25% position in Redcorp -
Empreendimentos Mineiros, Lda, ("Redcorp") and has an earn-in
opportunity to increase its interest in the project to 80%. Mineral
& Financial Investments Limited owns the additional 75% of
Redcorp. The remaining 15% of the project is held by Empresa de
Desenvolvimento Mineiro, S.A., a Portuguese Government owned
company supporting the strategic development of the country's
mining sector. The Company's interest in the Lagoa Salgada project
offers a low-cost entry to a potentially significant exploration
and development opportunity, already demonstrating its mineable
scale.
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 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.
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this
release.
For further information please contact: |
|
|
Mark BrennanCEO, Executive Chairman, Founder Tel:
+1-647-796-0023mbrennan@ascendantresources.com |
Nicholas Campbell, CFAManager, Corporate DevelopmentTel:
+1-905-630-0148ncampbell@ascendantresources.com |
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