Denarius Metals Announces Voting Results of the Annual General and Special Meeting of Shareholders Held Today

Rhea-AI Summary

Denarius Metals Corp. (OTCQX: DNRSF) announced the results of its Annual General and Special Meeting of Shareholders held on June 5, 2024. Shareholders owning 55.06% of the outstanding shares were represented by proxy. Key outcomes include the election of six directors, approval of KPMG LLP as auditors, and the ratification of amendments to the company's stock option plan. Additionally, ordinary resolutions were passed to designate Serafino Iacono, Aris Mining , and WS Ruffer Gold Fund as new Control Persons of the company.

Positive

• Shareholders holding 55.06% of outstanding shares participated, indicating strong engagement.
• All directors were overwhelmingly approved, each receiving over 99.5% of the votes.
• KPMG LLP was approved as auditors with 99.98% votes in favor.
• Amendments to the 10% rolling stock option plan were ratified with 99.93% approval.
• Serafino Iacono, Aris Mining , and WS Ruffer Gold Fund were approved as new Control Persons, each receiving over 99.9% approval.

Negative

• Only 55.06% of shares were represented by proxy, suggesting nearly half of shareholders did not participate.

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

FAQ

What was the outcome of the Denarius Metals shareholders meeting on June 5, 2024?

The meeting resulted in the election of six directors, approval of KPMG LLP as auditors, and ratification of amendments to the stock option plan. Additionally, three entities were approved as new Control Persons.

What percentage of Denarius Metals shares were represented at the June 5, 2024 shareholders meeting?

55.06% of the outstanding shares were represented by proxy.

Who were elected as directors of Denarius Metals on June 5, 2024?

Serafino Iacono, Federico Restrepo-Solano, Paul Sparkes, Francisco Sole, Mateo Restrepo Villegas, and Patricia Herrera Paba were elected as directors.

Was KPMG LLP reappointed as auditors for Denarius Metals?

Yes, KPMG LLP was reappointed with 99.98% votes in favor.

Were the amendments to Denarius Metals' stock option plan approved?

Yes, the amendments were approved with 99.93% of the vote.

Who are the new Control Persons approved for Denarius Metals?

Serafino Iacono, Aris Mining , and WS Ruffer Gold Fund were approved as new Control Persons.