Sabina Gold & Silver Announces AGM Voting Results

Rhea-AI Summary

Sabina Gold & Silver Corp. (OTCQX: SGSVF) announced the results of its Annual General Meeting held on June 3, 2021, in Vancouver. A total of 200,371,833 shares were voted, representing 57.60% of eligible votes (347,860,808). All director nominees listed in the Management Information Circular were successfully elected, with over 99% voting in favor of most. The board will serve until the next annual meeting. Additionally, auditors were appointed, and the adoption of new Articles was approved. The company acknowledged Jim Morton's contributions upon his retirement.

Positive

• All director nominees elected with over 99% support, enhancing stability and confidence in governance.
• Successful appointment of auditors, indicating strong financial oversight.

Negative

• Less than 60% of eligible votes participated, suggesting potential investor disengagement.

VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- Sabina Gold & Silver Corp. (TSX:SBB, OTCQX: SGSVF) (Sabina or the “Company”), in accordance with Toronto Stock Exchange requirements, is pleased to announce the voting results for election of its Board of Directors at its hybrid Annual General Meeting of Shareholders held on June 3, 2021 in Vancouver, British Columbia.

The director nominees as listed in the Management Information Circular dated April 21, 2021 were elected as directors of the Company at the meeting to serve until the next Annual General Meeting. In addition, the appointment of auditors as well as the Company’s adoption of new Articles were approved. The results are as follows:

Total Eligible Votes: 347,860,808, Total Voted: 200,371,833 Total Voted %: 57.60%

Nominees	For	For %		Against/ Withheld	Against/ Withheld%
Number of Directors	178,454,366	99.75	%	447,268	0.25	%
David A. Fennell	165,643,911	92.95	%	13,257,723	7.41	%
D. Bruce McLeod	178,078,405	99.54	%	823,229	0.46	%
Anna Tudela	178,094,108	99.55	%	807,526	0.45	%
David Rae	168,020,914	93.92	%	10,880,720	6.08	%
Walter Segsworth	177,879,285	99.43	%	1,022,349	0.57	%
Anna El-Erian	175,658,904	98.19	%	3,242,730	1.81	%
Anthony P. Walsh	175,837,952	98.29	%	3,063,682	1.71	%
Leo Zhao	177,584,806	99.26	%	1,316,828	0.74	%
Appointment of Auditors	199,973,124	99.80	%	0	0
Other Business	92,083,962	51.47	%	86,817,672	48.53	%

“On behalf of the Board of Directors, I would like to take this opportunity to thank Jim Morton for his guidance and support over the years, and we wish him well in his retirement,” said Bruce McLeod, President & CEO.

The eight elected nominees will serve on the Company's board of directors until the next annual meeting of shareholders or until their successors are elected or appointed.

Voting results have been reported on www.sedar.com.

For further information please contact:

Nicole Hoeller, Vice-President, Communications:		1 888 648-4218 nhoeller@sabinagoldsilver.com

This news release has been authorized by the undersigned on behalf of Sabina Gold & Silver Corp.

Bruce McLeod, President & CEO
1800-555 Burrard Street, Vancouver, BC V7X 1M9
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com

FAQ

What were the voting results for Sabina Gold & Silver Corp. at the AGM on June 3, 2021?

At the AGM on June 3, 2021, a total of 200,371,833 shares were voted, representing 57.60% of eligible votes.

How many director nominees were elected for Sabina Gold & Silver Corp. in 2021?

All director nominees listed in the Management Information Circular were elected at the AGM.

What percentage of votes supported the election of directors at Sabina Gold & Silver Corp.?

Most directors were elected with over 99% of votes in favor.

Was the appointment of auditors approved at Sabina Gold & Silver Corp.'s AGM?

Yes, the appointment of auditors was approved with 99.80% support.

What is the significance of the AGM results for SGSVF investors?

The AGM results reflect strong board support and stability, which can positively affect investor confidence.