Entrée Resources Announces 2021 AGM Results

Rhea-AI Summary

Entrée Resources Ltd. (OTCQB: ERLFF) reported on the successful outcomes of its annual general meeting held on June 10, 2021. Shareholders approved key resolutions, including setting the number of directors at six. The election results showed significant support for the directors, with over 98% approval for each. Additionally, Davidson & Company LLP was re-appointed as auditors. Shareholders also ratified the Deferred Share Unit Plan and grants made in the previous financial year. Full voting results are available on SEDAR.

Positive

• Shareholders approved setting the number of directors at six.
• All directors received over 98% approval in the election.
• Davidson & Company LLP was re-appointed as auditors.

Negative

• None.

VANCOUVER, BC, June 10, 2021 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") is pleased to announce the results of voting at its annual general meeting of shareholders which was held today (the "Meeting"). All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated May 6, 2021, were approved by the requisite majority of votes cast at the Meeting.

NUMBER OF DIRECTORS
Shareholders approved setting the number of directors at six.

ELECTION OF DIRECTORS
The details of the voting results for the election of directors are set out below:

	Votes For		Withheld Votes
Director	#	%	#	%
Mark Bailey	103,880,958	98.61	1,467,966	1.39
Alan Edwards	103,582,197	98.32	1,766,727	1.68
James Harris	103,604,637	98.34	1,744,287	1.66
Michael Price	103,472,160	98.22	1,876,764	1.78
Stephen Scott	103,660,653	98.40	1,688,271	1.60
Anna Stylianides	103,590,317	98.33	1,758,607	1.67

APPOINTMENT OF AUDITORS
Davidson & Company LLP, Chartered Professional Accountants was re-appointed auditors of the Company for the ensuing year at the remuneration to be fixed by the directors.

DEFERRED SHARE UNIT PLAN
Shareholders approved the Company's Deferred Share Unit Plan and ratified grants made during the financial year ended December 31, 2020.

Detailed voting results for the Meeting are available on SEDAR at www.sedar.com.

ABOUT ENTRÉE RESOURCES LTD. 
Entrée Resources Ltd. is a well-funded Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world's largest copper-gold projects – the Oyu Tolgoi project in Mongolia.  Entrée has a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi joint venture, depending on the depth of mineralization. Sandstorm Gold, Rio Tinto and Turquoise Hill Resources are major shareholders of Entrée, holding approximately 24%, 9% and 8% of the shares of the Company, respectively.  More information about Entrée can be found at www.EntreeResourcesLtd.com.

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SOURCE Entrée Resources

FAQ

What were the results of the Entrée Resources annual general meeting on June 10, 2021?

Entrée Resources' AGM resulted in all resolutions being approved, including setting the number of directors at six and electing directors with over 98% support.

Who were the directors elected at Entrée Resources' AGM?

The directors elected at the AGM include Mark Bailey, Alan Edwards, James Harris, Michael Price, Stephen Scott, and Anna Stylianides, all receiving over 98% approval.

What audit firm was re-appointed by Entrée Resources?

Davidson & Company LLP was re-appointed as the auditors for Entrée Resources for the upcoming year.

What is the significance of the Deferred Share Unit Plan approved at the AGM?

The Deferred Share Unit Plan allows for employee compensation tied to share performance, aligning employee interests with shareholders.