Sabina Gold & Silver Announces AGM Voting Results

Rhea-AI Summary

On May 25, 2022, Sabina Gold & Silver Corp. (OTCQX: SGSVF) held its Annual General Meeting, where shareholders voted on the election of its Board of Directors. A total of 370,469,017 votes were cast, representing 70.30% of eligible votes. All eight director nominees were elected with high approval percentages, ranging from 92.86% to 99.89%. The shareholders also approved the appointment of KPMG as auditors and adopted new Articles. Detailed voting results are available on www.sedar.com.

Positive

• High voter turnout of 70.30% indicates strong shareholder engagement.
• All eight director nominees received over 90% approval.
• KPMG appointed as auditors with 99.86% approval.

Negative

• Shareholder restrictions on 170,380,132 votes may affect vote perception.

VANCOUVER, British Columbia, May 25, 2022 (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 May 25, 2022 in Vancouver, British Columbia.

The director nominees as listed in the Management Information Circular dated April 14, 2022 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: 526,968,031   Total Voted: 370,469,017 Total Voted %: 70.30%

Nominees	For	For %	Against/ Withheld	Against/ Withheld%
David A. Fennell	327,637,283	93.23%	23,804,228	6.77%
David Rae	350,676,099	99.78%	765,412	.22%
Anna Tudela	348,838,631	99.26%	2,602,880	.74%
D. Bruce McLeod	351,044,975	99.89%	396,536	.11%
Anthony P. Walsh	348,328,914	99.11%	3,112,596	.89%
Leo Zhao	350,260,240	99.66%	1,181,271	.34%
Walter Segsworth	348,428,614	99.14%	3,012,897	.86%
Anna El-Erian	341,923,337	97.29%	9,518,174	2.71%
Appointment of KPMG	369,959,909	99.86%	509,108	.14%
Share Compensation Plan Resolution	326,359,968	92.86%	25,081,543	7.14%
Private Placement Resolution	178,099,752 *Not including 170,380,132 votes restricted	98.36%	2,961,627	1.64%

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 election results for Sabina Gold & Silver Corp. on May 25, 2022?

All eight director nominees were elected with high approval rates, exceeding 90%.

What is the stock symbol for Sabina Gold & Silver Corp.?

The stock symbol for Sabina Gold & Silver Corp. is SGSVF.

Who were the newly elected directors of Sabina Gold & Silver Corp.?

The newly elected directors include David A. Fennell, David Rae, Anna Tudela, D. Bruce McLeod, Anthony P. Walsh, Leo Zhao, Walter Segsworth, and Anna El-Erian.

What percentage of votes were cast at the Sabina Gold & Silver Corp. AGM?

A total of 70.30% of eligible votes were cast during the AGM.

When was the Sabina Gold & Silver Corp. AGM held?

The AGM was held on May 25, 2022.