K92 Mining Announces Voting Results of Annual General and Special Meeting of Shareholders

Rhea-AI Summary

K92 Mining Inc (TSX: KNT; OTCQX: KNTNF) held its 2021 annual general and special meeting (AGM) virtually on October 28, 2021. A total of 145,080,169 common shares, representing 65.23% of the outstanding shares, were voted. All eight director nominees were elected, with R. Stuart (Tookie) Angus receiving 90.33% approval. Other resolutions passed included setting the number of directors to eight, re-appointing PricewaterhouseCoopers LLP as auditor, adopting the Share Compensation Plan, and adopting new Articles for the Company. For detailed results, documents are available on K92’s website and SEDAR.

Positive

• All eight director nominees were elected with a substantial majority of votes.
• Shareholders approved key resolutions, including auditor re-appointment and new Articles.

Negative

• No significant financial metrics or business developments were disclosed in the PR.

VANCOUVER, British Columbia, Oct. 28, 2021 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce the voting results of its 2021 annual general and special meeting (“AGM”) of shareholders that was held today as a virtual event. All of the resolutions proposed at the meeting were duly passed.

A total of 145,080,169 common shares, representing 65.23% of the Company’s issued and outstanding common shares as at the record date were voted. All of the Company’s eight director nominees were elected and detailed results of the vote for directors are shown below:

Name of Nominee	Votes For		Votes Withheld
	Number	%	Number	%
R. Stuart (Tookie) Angus	119,795,225	90.33	12,820,347	9.67
Mark Eaton	130,019,935	98.04	2,595,637	1.96
Anne E. Giardini	129,099,722	97.35	3,515,850	2.65
Saurabh Handa	128,036,522	96.55	4,579,050	3.45
Cyndi Laval	129,954,783	97.99	2,660,789	2.01
John D. Lewins	128,810,138	97.13	3,805,434	2.87
John (Ian) Stalker	88,633,468	66.84	43,982,104	33.16
Graham Wheelock	129,652,087	97.77	2,963,485	2.24

Shareholders also voted in favour of the following matters:

• Setting the number of directors at eight (8);
• Re-appointing PricewaterhouseCoopers LLP as auditor of the Company for the ensuing year and authorizing the directors to fix the auditor’s remuneration;
• Adoption of the Share Compensation Plan; and
• Adoption of new Articles for the Company.

Further details on the above matters are set forth in the Company's meeting materials, including the Management Information Circular dated September 20, 2021, which are accessible on K92’s website at www.k92mining.com and under the Company's issuer profile on SEDAR at www.sedar.com.

Final voting results on all matters voted on at the AGM are also be contained in the Report on Voting Results filed under the Company’s profile on SEDAR.

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position.

The Company commenced an expansion of the mine based on an updated Preliminary Economic Assessment on the property which was published in January 2019 and updated in July 2020. K92 is operated by a team of mining professionals with extensive international mine-building and operational experience.

On Behalf of the Company,

John D. Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA at +1-604-687-7130.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the realization of the preliminary economic analysis for the Kainantu Project, expectations of future cash flows, the planned plant expansion, production results, cost of sales, sales of production, potential expansion of resources and the generation of further drilling results which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations in PNG, mitigation of the Covid-19 pandemic, continuation of the lifted state of emergency, and regulations and other matters. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

FAQ

What were the voting results for K92 Mining's AGM on October 28, 2021?

All resolutions were passed, including the election of all eight director nominees.

Who were the elected directors at K92 Mining's 2021 AGM?

R. Stuart (Tookie) Angus, Mark Eaton, Anne E. Giardini, Saurabh Handa, Cyndi Laval, John D. Lewins, John (Ian) Stalker, and Graham Wheelock were elected.

What resolutions were approved at K92 Mining's AGM?

Resolutions included setting the number of directors at eight and re-appointing PricewaterhouseCoopers LLP as auditor.

What is the stock symbol for K92 Mining?

K92 Mining is traded under the stock symbol KNTNF on the OTCQX.