Excelsior Mining Announces AGM Results

Rhea-AI Summary

Excelsior Mining Corp. (TSX: MIN, FSE: 3XS, OTCQX: EXMGF) announced the results of its 2024 Annual General and Special Meeting held on June 20, 2024, in Vancouver, B.C. All nominees listed in the management information circular were elected as directors. The directors elected include Stephen Twyerould, Colin Kinley, Fred DuVal, Michael Haworth, and Stephen Axcell, with over 98% of votes in favor. Shareholders also approved setting the number of directors at five, reappointing PricewaterhouseCoopers LLP as auditors, and approving the conversion of debt to shares for Greenstone Resources L.P.

Positive

• All director nominees received over 98% of votes in favor, indicating strong shareholder support.
• Shareholders approved setting the number of directors at five, maintaining the current board structure.
• PricewaterhouseCoopers LLP was reappointed as auditors, ensuring continuity in financial oversight.
• Approval of Greenstone Resources L.P.'s debt-to-shares conversion could strengthen the company's balance sheet.

Negative

• None.

Phoenix, Arizona--(Newsfile Corp. - June 21, 2024) - Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") reports that the nominees listed in the management information circular for the 2024 Annual General and Special Meeting of shareholders were elected as directors of Excelsior. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting on June 20, 2024 in Vancouver, B.C., are set out below:

	Votes for	% Votes for	Votes withheld	% Votes withheld
Stephen Twyerould	169,527,664	98.40	2,767,691	1.60
Colin Kinley	170,348,564	98.87	1,946,791	1.13
Fred DuVal	170,319,764	98.85	1.975,591	1.15
Michael Haworth	170,346,564	98.87	1,948,791	1.13
Stephen Axcell	171,377,010	99.47	918,345	0.53

 

Shareholders at the Annual General and Special Meeting also voted in favour of: (i) setting the number directors at five; (ii) appointing PricewaterhouseCoopers LLP as auditors; and (iii); approving the Greenstone Resources L.P. conversion of debt to shares.

For more information on Excelsior, please visit our website at www.excelsiormining.com.

ON BEHALF OF THE EXCELSIOR BOARD

"Stephen Twyerould"
President & CEO

For further information regarding this press release, please contact:

Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44^th Street, Phoenix, AZ, 85018.

Shawn Westcott
T: 604 365 6681
E: info@excelsiormining.com
www.excelsiormining.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213870

FAQ

What are the results of the Excelsior Mining AGM held on June 20, 2024?

All nominees listed in the management information circular were elected as directors with over 98% of the vote.

Who were elected as directors of Excelsior Mining on June 20, 2024?

Stephen Twyerould, Colin Kinley, Fred DuVal, Michael Haworth, and Stephen Axcell were elected as directors.

What percentage of votes did Stephen Twyerould receive in the Excelsior Mining AGM?

Stephen Twyerould received 98.40% of the votes.

What decisions were made at the Excelsior Mining AGM regarding auditors?

PricewaterhouseCoopers LLP was reappointed as auditors at the AGM.

Was the conversion of debt to shares for Greenstone Resources L.P. approved in the AGM?

Yes, the conversion of debt to shares for Greenstone Resources L.P. was approved.