Silver Elephant Shareholders Pass All Resolutions at 2021 Annual and General Special Meeting

Rhea-AI Summary

Silver Elephant Mining Corp. announced that all resolutions were approved during the Annual General and Special Meeting held on September 10, 2021. Key voting results showed significant support: 99.83% approved the number of directors fixed at four, and 99.92% re-appointed Davidson & Company LLP as auditors. Notably, a new 10% Rolling Incentive Plan received 70.56% approval, although 29.44% voted against it. The meeting was attended by 173 shareholders representing 23,113,518 shares.

Positive

• All proposed resolutions were approved with strong majority votes, indicating shareholder confidence.
• The number of directors fixed at four received 99.83% support.
• Davidson & Company LLP was re-appointed as auditors with 99.92% approval.
• The 10% Rolling Incentive Plan was approved with 70.56%, supporting future incentive initiatives.

Negative

• 29.44% of votes against the new 10% Rolling Incentive Plan may indicate some shareholder dissent.

VANCOUVER, BC / ACCESSWIRE / September 13, 2021 /Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) is pleased to report that all proposed resolutions were approved at the Company's Annual General and Special Meeting of shareholders held on September 10, 2021, via teleconference (the "Meeting"). Voting Results were as follows:

MATTERS VOTED UPON			VOTING RESULTS(1)
			Votes in Favour	Votes Against	Abstained
1.	The number of directors was fixed at four(2)		21,135,892 (99.83%)	36,560 (0.17%)	0
2.	Election of Directors
		John Lee(3)	19,882,165 (93.92%)	0	1,290,286 (6.09%)
		Greg Hall(3)	21,142,804 (99.86%)	0	29,647 (0.14%)
		Masateru Igata(3)	21,059,866 (99.47%)	0	112,585 (0.53%)
		Marc Leduc(2)	21,121,132 (99.76%)	0	51,320 (0.24%)
3.	Davidson & Company LLP, Chartered Accountants, was re-appointed as the auditors of the Company and directors were authorized to set their remuneration.		22,673,112 (99.92%)	0	17,845 (0.08%)
4.	Approval of an ordinary resolution approving an Ordinary resolution of the Shareholders approving the new 10% Rolling Incentive Plan of the Company, with or without variation as more particularly described in the accompanying Information Circular.(3)(4)		4,256,884 (70.56%)	1,775,861 (29.44%)	0

Notes

1. A total of 173 shareholders were present in person or by proxy representing 23,113,518 shares at the Meeting;
2. There were 1,518,505 non-votes reported by the Scrutineer of the Meeting on resolution 1;
3. There were 1,518,506 non-votes reported by the Scrutineer of the Meeting on resolution 2; and
4. 1,518,506 votes held by Insiders were excluded on the resolution.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration company in silver, nickel, and vanadium.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD

"John Lee"
Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
ir@silverelef.com www.silverelef.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Silver Elephant Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/663726/Silver-Elephant-Shareholders-Pass-All-Resolutions-at-2021-Annual-and-General-Special-Meeting

FAQ

What were the outcomes of the Silver Elephant Mining Corp. Annual General Meeting on September 10, 2021?

All proposed resolutions were approved with significant majorities, reflecting strong shareholder support.

How many directors were fixed at Silver Elephant Mining Corp. after the meeting?

The number of directors was fixed at four, receiving 99.83% approval.

What percentage of shareholders approved the 10% Rolling Incentive Plan at Silver Elephant Mining Corp.?

The 10% Rolling Incentive Plan was approved with 70.56% of the votes.

What firm was re-appointed as auditors of Silver Elephant Mining Corp.?

Davidson & Company LLP was re-appointed as auditors with 99.92% approval.

How many shares were represented at Silver Elephant Mining Corp.'s 2021 AGM?

A total of 23,113,518 shares were represented at the meeting by 173 shareholders.