Dynacor Announces Change of Name and Annual Meeting Voting Results

Rhea-AI Summary

On June 29, 2022, Dynacor Group Inc. (DNGDF) announced that shareholders approved a name change to reflect its evolution as an industrial gold ore processor. This decision aligns with its plans to expand operations in Peru and other regions. During the annual meeting on June 22, 2022, voting results highlighted significant support for the election of directors, with votes exceeding 99% for most nominees. Additionally, Raymond Chabot Grant Thornton was appointed as auditors, receiving 99.97% approval.

Positive

• Shareholders overwhelmingly approved the name change, indicating strong support for the company's rebranding.
• Successful election of directors with over 99% approval for most nominees, showing confidence in management.
• Appointment of Raymond Chabot Grant Thornton as auditors received 99.97% support.

Negative

• None.

MONTREAL, June 29, 2022 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) ("Dynacor" or the "Corporation") today announced that its shareholders have approved the name change of the Corporation for “Groupe Dynacor inc. / Dynacor Group Inc.” at the annual and special meeting held on June 22, 2022.

This name change reflects the re-branding of the Corporation to consider its evolution as an industrial gold ore processor and its intent to develop projects in Peru and in other jurisdictions.

Voting Results

Dynacor further announces the voting results at the shareholders’ meeting.

Election of Directors

Nominees	Votes For	% For	Withheld	% Withheld
Philippe Chave	11,691,277	99.91%	10,693	0.09%
Roger Demers	11,658,548	99.63%	43,422	0.37%
Réjean Gourde	11,461,643	97.95%	240,327	2.05%
Pierre Lépine	11,661,648	99.66%	40,322	0.34%
Jean Martineau	11,661,648	99.66%	40,322	0.34%
Isabel Rocha	11,642,499	99.49%	59,471	0.51%
Rocio Rodriguez-Perrot	11,695,162	99.94%	6,808	0,06%

Appointment of Auditors:

Auditors	Votes For	% For	Withheld	% Withheld
Raymond Chabot Grant Thornton	12,624,044	99.97%	4,050	0.03%

Name Change:

Amendment to Articles	Votes For	% For		Against	% Withheld
	12,591,779	99.71%		36,314	0.29%

ABOUT DYNACOR

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners. It also owns a gold exploration property (Tumipampa) in the Apurimac department.

The corporation intends to expand its processing operations in other jurisdictions as well.

Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium to our customer and strategic partner for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects for our artisanal and small-scale miner’s communities.

Dynacor is listed on the Toronto Stock Exchange (DNG).

FORWARD-LOOKING INFORMATION

Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.

Shares Outstanding: 38,890,822                                   

Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

PDF available: http://ml.globenewswire.com/Resource/Download/4d99618e-60cf-4f06-8e28-24f04fd0fa44 

FAQ

What is the recent name change approved by Dynacor Group Inc. shareholders?

Dynacor Group Inc. shareholders approved a name change to reflect its evolution as an industrial gold ore processor.

When was the Dynacor Group Inc. annual meeting held?

The Dynacor Group Inc. annual meeting was held on June 22, 2022.

What were the voting results for directors at the Dynacor Group Inc. meeting?

Most directors received over 99% approval from shareholders during the voting.

Who was appointed as auditors for Dynacor Group Inc.?

Raymond Chabot Grant Thornton was appointed as auditors with 99.97% approval.

How does the name change impact Dynacor Group Inc.'s operations?

The name change reflects Dynacor's intent to expand its processing operations in Peru and other jurisdictions.