Toronto, Ontario–(Newsfile Corp. – June 5, 2024) – Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (“Denarius Metals” or “the Company”) is pleased to announce the voting results of the Annual General and Special Meeting of Shareholders held today. Shareholders holding 34,904,522 shares, being 55.06% of the outstanding shares of the Company as at the record date, were represented by proxy at the meeting. The detailed results of the votes for each matter acted upon are set out below:
| Item | Description of Matter | Outcome | Voted | Voted (%) |
| 1. | Fixing the number of directors at six. | Approved | For 34,898,522 Against 6,000 |
99.98% 0.02% |
| 2. | The election of the following individuals as directors of the Company to hold office until the next annual meeting of the Company or until their successors are appointed or elected: | |||
| Serafino Iacono | Approved | For 34,492,798 Withheld 15,230 |
99.96% 0.04% |
|
| Federico Restrepo-Solano | Approved | For 34,492,798 Withheld 15,230 |
99.96% 0.04% |
|
| Paul Sparkes | Approved | For 34,342,798 Withheld 165,230 |
99.52% 0.48% |
|
| Francisco Sole | Approved | For 34,492,798 Withheld 15,230 |
99.96% 0.04% |
|
| Mateo Restrepo Villegas | Approved | For 34,492,798 Withheld 15,230 |
99.96% 0.04% |
|
| Patricia Herrera Paba | Approved | For 34,492,725 Withheld 15,303 |
99.96% 0.04% |
|
| 3. | Appointment of KPMG LLP as auditors of the Company at a remuneration to be fixed by the directors. | Approved | For 34,898,292 Withheld 6,230 |
99.98% 0.02% |
| 4. | Approval of an ordinary resolution approving and ratifying certain amendments to the Company’s 10% rolling stock option plan, in accordance with the policies of Cboe Canada Inc. (“Cboe Canada”), as more particularly described in the management information circular of the Company dated May 3, 2024 (the “Circular”). | Approved | For 34,484,092 Against 23,936 |
99.93% 0.07% |
| 5. | Approval of an ordinary resolution approving the creation of Serafino Iacono as a new Control Person (as such term is defined in the policies of Cboe Canada) of the Company, as more particularly described in the Circular. | Approved | For 28,085,000 (1) Against 16,000 |
99.94% 0.06% |
| 6. | Approval of an ordinary resolution approving the creation of Aris Mining Corporation as a new Control Person of the Company, as more particularly described in the Circular. | Approved | For 24,142,139 (1) Against 15,000 |
99.94% 0.06% |
| 7. | Approval of an ordinary resolution approving the creation of WS Ruffer Gold Fund as a new Control Person of the Company, as more particularly described in the Circular. | Approved | For 28,494,028 (1) Against 15,000 |
99.95% 0.05% |
(1) “Votes for” excludes shares held by each of Serafino Iacono, Aris Mining Corporation and WS Ruffer Gold Fund, as applicable, who were not eligible to vote on the respective matters.
About Denarius Metals
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts.
In Spain, the Company owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, and a 50% interest in Rio Narcea Recursos, S.L., which has the rights to exploit the historic producing Aguablanca nickel-copper mine, including a 5,000 tpd processing plant, located in Monesterio, Extremadura, Spain, approximately 88 km NW from the Lomero Project. The Company is also carrying out an exploration campaign on the Toral Zn-Pb-Ag Project located in the Leon Province, Northern Spain pursuant to an option and joint-venture arrangement with Europa Metals Ltd. pursuant to which it can acquire up to an 80% ownership interest in Europa Metals Iberia S.L., a wholly-owned Spanish subsidiary of Europa which holds the Toral Project.
In Colombia, Denarius Metals is carrying out construction activities at its 100%-owned Zancudo Project, which includes the historic producing Independencia mine, to develop production and cash flow commencing in 2024 through local contract mining and commencing a drilling program on the Zancudo deposit which remains open in all directions.
Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Cautionary Statement on Forward-Looking Information
This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk Factors” in the Company’s Annual Information Form dated April 25, 2024 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Michael Davies
Chief Financial Officer
(416) 360-4653
investors@denariusmetals.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211856
