New Gold Announces Results Of Vote For Election Of Board Of Directors

Rhea-AI Summary

New Gold announced the voting results from its Annual General Meeting held on May 3, 2022. All nominees for the Board of Directors were elected with significant support, receiving between 95.52% and 99.58% of votes in favor. Renaud Adams received 99.42% support, while Ian Pearce had the lowest with 95.52%. The complete voting results, including votes withheld, can be found in the Report of Voting Results on SEDAR. New Gold, focused on responsible mining, operates the Rainy River and New Afton mines and holds a stake in Artemis Gold Inc.

Positive

• All board nominees were elected with high percentages of support, indicating shareholder confidence.
• Renaud Adams secured 99.42% of the votes, suggesting strong leadership endorsement.

Negative

• Ian Pearce received only 95.52% support, which may indicate some concern among shareholders.

TORONTO, May 4, 2022 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today announces the voting results from the election of its Board of Directors at New Gold's Annual General Meeting of Shareholders (the "Meeting") held on May 3, 2022, as set out below.

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Renaud Adams	373,740,807	99.42%	2,192,593	0.58%
Geoffrey Chater	374,364,284	99.58%	1,569,117	0.42%
Nicholas Chirekos	370,777,726	98.63%	5,155,674	1.37%
Gillian Davidson	373,226,116	99.28%	2,707,284	0.72%
James Gowans	373,235,995	99.28%	2,697,406	0.72%
Thomas McCulley	373,935,951	99.47%	1,997,449	0.53%
Margaret Mulligan	374,146,303	99.52%	1,787,097	0.48%
Ian Pearce	359,109,688	95.52%	16,823,713	4.48%
Marilyn Schonberner	372,068,746	98.97%	3,864,655	1.03%

The results of the other matters considered at the Meeting are disclosed in the Report of Voting Results filed on SEDAR at www.sedar.com on May 4, 2022.

About New Gold

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility. For further information on the Company, visit www.newgold.com. 

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SOURCE New Gold Inc.

FAQ

What were the results of the Board of Directors election for New Gold (NGD) on May 3, 2022?

All nominees for the Board of Directors were elected, receiving between 95.52% and 99.58% of votes in favor.

Who received the highest votes in the New Gold (NGD) Board election?

Renaud Adams received the highest support with 99.42% of votes in favor.

Where can I find the complete voting results for New Gold's (NGD) Board of Directors election?

The complete voting results are available in the Report of Voting Results filed on SEDAR.

What is the significance of the voting results for New Gold (NGD)?

The high percentages of support for the board members suggest strong shareholder confidence in the company's leadership.