VANCOUVER, April 26, 2019 /CNW/ - Capstone Mining Corp.
("Capstone" or the "Company") (TSX:CS) announced the voting results
from its 2019 Annual General Meeting ("AGM") held April 25, 2019 in Vancouver, British Columbia. A total of
229,082,127 common shares were voted at the meeting, representing
57.33% of the votes attached to all outstanding common shares.
Shareholders voted in favour of all items of business before the
meeting, as follows:
|
Number of
Directors
|
%
For
|
%
Against
|
|
Number of Directors
to be set at seven
|
99.74%
|
0.26%
|
|
Election of
Directors
|
% of Votes
For
|
% of Votes
Withheld
|
|
George L.
Brack
|
98.85%
|
1.15%
|
|
Robert J.
Gallagher
|
99.39%
|
0.61%
|
|
Peter G.
Meredith
|
98.60%
|
1.40%
|
|
Yong Jun
Park
|
99.47%
|
0.53%
|
|
Dale C.
Peniuk
|
98.80%
|
1.20%
|
|
Darren M.
Pylot
|
99.48%
|
0.52%
|
|
Richard N.
Zimmer
|
92.42%
|
7.58%
|
|
Appointment of
Auditors
|
%
For
|
%
Withheld
|
|
To appoint Deloitte
LLP as Auditors of the
Company for the ensuing year and to authorize the
Directors to fix their remuneration
|
82.12%
|
17.88%
|
|
Advisory Vote on
Executive Compensation
|
%
For
|
%
Against
|
|
To pass an advisory
vote on Capstone's approach
to executive compensation
|
97.80%
|
2.20%
|
Detailed voting results for the 2019 AGM are available on SEDAR
at www.sedar.com.
"We would like to welcome Peter
Meredith to the Board," said Darren
Pylot, President and CEO. "On behalf of the shareholders,
the Board wishes to thank Jill
Gardiner and Kalidas Madhavpeddi for their service as
directors and for the dedication, commitment and valuable insights
they provided to the Board leading the Human Resource &
Compensation and Corporate Governance & Nominating
Committees."
Peter Meredith is a corporate
director and currently serves on the boards of Ivanhoe Mines Ltd.
and Cordoba Minerals Corp. and serves as Chairman of the Board of
Great Canadian Gaming Corporation. Previously, Mr. Meredith served
as a director of Turquoise Hill Resources Ltd. (formerly the
original Ivanhoe Mines), Kaizen
Discovery Inc., SouthGobi Resources Ltd. and Peregrine Diamonds
Ltd. Mr. Meredith served as Deputy Chairman and Chief Financial
Officer of Turquoise Hill Resources Ltd. Prior to joining Ivanhoe
Mines Ltd., Mr. Meredith spent thirty‐one years with Deloitte LLP,
Chartered Professional Accountants, and retired as a partner in
1996. Mr. Meredith is a Chartered Professional Accountant, (CPA,
CA) and is a member of the Chartered Professional Accountants of
British Columbia and the Chartered
Professional Accountants of Ontario.
ABOUT CAPSTONE MINING CORP.
Capstone Mining Corp. is a
Canadian base metals mining company, focused on copper. We are
committed to the responsible development of our assets and the
environments in which we operate. Our two producing mines are the
Pinto Valley copper mine located in Arizona, US and the Cozamin polymetallic mine
in Zacatecas State, Mexico. In
addition, Capstone has the large scale 70% owned copper-iron
Santo Domingo development project
in Region III, Chile in
partnership with Korea Resources Corporation, the Minto copper mine in Yukon, Canada currently on care and
maintenance, as well as a portfolio of exploration properties.
Capstone's strategy is to focus on the optimization of operations
and assets in politically stable, mining-friendly regions, centred
in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the
Toronto Stock Exchange (TSX). Further information is available at
www.capstonemining.com.
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SOURCE Capstone Mining Corp.
