Magna Terra Announces Results of Annual and Special Meeting

Rhea-AI Summary

Magna Terra Minerals Inc. (TSX-V: MTT) announced that all resolutions proposed at its recent annual and special meeting were approved by shareholders. All nominees were elected as directors with high support, including Lewis Lawrick at 99.09%, Michael Byron at 99.46%, Denis Hall at 99.62%, and Patricia Kajda at 99.63%. Additionally, McGovern Hurley LLP was reappointed as auditors, the stock option plan was ratified, and past actions by directors and an amendment to By-Law No. 1 were approved. Magna Terra focuses on gold exploration with projects in New Brunswick, Newfoundland, and Santa Cruz, Argentina.

Positive

• 100% of proposed resolutions were approved by shareholders.
• All director nominees received substantial support, indicating strong shareholder confidence.
• The company's stock option plan was ratified, potentially enhancing employee incentives.

Negative

• None.

TORONTO, ON / ACCESSWIRE / February 7, 2023 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSX-V:MTT) is pleased to announce that all resolutions proposed to shareholders at the annual and special meeting held today were duly passed.

All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below.

Nominee	Votes For	% For	Votes Against	% Against
Lewis Lawrick	13,438,083	99.09%	123,998	0.91%
Michael Byron	13,488,225	99.46%	73,856	0.54%
Denis Hall	13,510,047	99.62%	52,034	0.38%
Patricia Kajda	13,512,081	99.63%	50,000	0.37%

In addition: (i) McGovern Hurley LLP was reappointed as the Company's auditors for the ensuing year and the directors were authorized to fix their remuneration; (ii) the Company's stock option plan has been ratified and approved; (iii) a resolution ratifying the past actions of the Company's directors and officers has been approved, and; (iv) a resolution ratifying an amendment to By-Law No. 1 of the Company has been approved.

About Magna Terra

Magna Terra Minerals Inc. is a precious metals focused exploration company, headquartered in Toronto, Canada. Magna Terra owns two district-scale, resource stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district scale drill ready projects available for option or joint venture.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Magna Terra Minerals Inc.

Lewis Lawrick
President and CEO, Director
647-478-5307
Email: info@magnaterraminerals.com
Website: www.magnaterraminerals.com

SOURCE: Magna Terra Minerals Inc.

View source version on accesswire.com:
https://www.accesswire.com/738428/Magna-Terra-Announces-Results-of-Annual-and-Special-Meeting

FAQ

What were the results of Magna Terra's annual meeting on February 7, 2023?

All resolutions proposed were approved, and all director nominees were elected.

Who were re-elected as directors at Magna Terra's meeting?

Directors Lewis Lawrick, Michael Byron, Denis Hall, and Patricia Kajda were re-elected.

What auditing firm was reappointed by Magna Terra?

McGovern Hurley LLP was reappointed as the company's auditors.

What major resolutions were passed at Magna Terra's annual meeting?

The stock option plan was ratified, past actions of directors were approved, and an amendment to By-Law No. 1 was ratified.