Wesdome Reports Voting Results of Annual General Meeting of Shareholders

Rhea-AI Summary

On June 18, 2024, Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF) held its 2024 annual general meeting of shareholders, with 98,978,379 common shares represented, marking a 66.19% turnout.

Key resolutions included the election of seven directors for the forthcoming year, the appointment of Grant Thornton LLP as auditors, and the approval of an advisory non-binding resolution on executive compensation. Bill Washington was named Interim Chair of the Board post-meeting.

Detailed vote breakdowns showed strong support across all resolutions, with directors receiving between 81.92% and 97.86% votes in favor, the auditor appointment receiving 96.07% in favor, and the executive compensation approach receiving 95.89% in favor. The meeting's results have been filed on SEDAR+.

Positive

• 66.19% shareholder turnout at the meeting.
• All resolutions received strong support, with votes in favor ranging from 81.92% to 97.86% for directors.
• Grant Thornton LLP was appointed as auditors with 96.07% approval.
• Advisory vote on executive compensation received 95.89% approval.

Negative

• None.

TORONTO, June 18, 2024 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today announces the results of its 2024 annual general meeting of shareholders (the “Meeting”) held earlier today. A replay of the Meeting is available on the Company’s website.

A total of 98,978,379 common shares were represented at the Meeting, representing 66.19% of the total issued and outstanding common shares of the Company.

All matters presented for shareholder approval at the Meeting were approved, as follows:

(a) Election of the directors of the Company for the ensuing year;

(b) Appointment of Grant Thornton LLP as auditor of the Company for the ensuing year and authorizing the directors to fix their remuneration; and

(c) Approval of an advisory non-binding resolution accepting the approach to executive compensation disclosed in the Company’s Management Information Circular dated May 14, 2024.

Election of Directors

The following seven individuals were elected as directors of the Company until the next annual meeting of shareholders:

Name of Nominee	Votes For	% For	Votes Withheld / Abstain	% Withheld / Abstain
Anthea Bath	83,042,479	97.86%	1,816,077	2.14%
Louise Grondin	73,238,523	86.31%	11,620,033	13.69%
Charles Main	74,875,627	88.24%	9,982,929	11.76%
Jacqueline Ricci	73,777,476	86.94%	11,081,080	13.06%
Brian Skanderbeg	73,621,200	86.76%	11,237,356	13.24%
Edie Thome	69,517,502	81.92%	15,341,054	18.08%
Bill Washington	76,977,795	90.71%	7,880,761	9.29%

Following the Meeting, the Board appointed Bill Washington as Interim Chair while it continues its search through an independent recruitment firm for a permanent Chair as part of its board refresh.

Appointment of Auditor

Based on proxies received and votes cast by show of hands during the Meeting, Grant Thornton LLP, Chartered Accountants, were appointed as independent auditor of the Company for the ensuing year and the directors are authorized to fix their remuneration:

	Votes For	% For	Votes Withheld / Abstain	% Withheld / Abstain
Appointment of Auditor	95,092,237	96.07%	3,886,142	3.93%

Advisory Vote on Executive Compensation

Based on proxies received and votes cast by ballot during the Meeting, the advisory non-binding resolution accepting the approach to executive compensation disclosed in the Company’s Management Information Circular dated May 14, 2024 was approved as follows:

	Votes For	% For	Votes Against	% Against
Advisory Vote on Executive Compensation	81,369,417	95.89%	3,489,139	4.11%

The Report of Voting Results has been filed under the Company’s profile on SEDAR+ at www.sedarplus.ca.

About Wesdome

Wesdome is a Canadian focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company’s primary goal is to responsibly leverage this operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada’s next intermediate gold producer.

For further information, please contact:
Raj Gill, SVP, Corporate Development & Investor Relations
Trish Moran, VP, Investor Relations
Phone: +1 (416) 360-3743
E-Mail: invest@wesdome.com

To receive Wesdome’s news releases by email, please register on the Company website at www.wesdome.com.

PDF available: http://ml.globenewswire.com/Resource/Download/ab447f9f-02d3-4469-9fea-a15fa43dfd5b

FAQ

What were the voting results for Wesdome's 2024 Annual General Meeting?

Wesdome's 2024 Annual General Meeting saw all resolutions passed with strong support, including the election of directors, auditor appointment, and executive compensation approval.

How many shares were represented at Wesdome's 2024 Annual General Meeting?

A total of 98,978,379 common shares were represented, accounting for 66.19% of Wesdome's total issued and outstanding shares.

Who was appointed as the Interim Chair of Wesdome's Board after the 2024 AGM?

Bill Washington was appointed as the Interim Chair of Wesdome's Board following the 2024 AGM.

What percentage of votes approved the executive compensation approach at Wesdome's 2024 AGM?

95.89% of votes were in favor of the advisory non-binding resolution on executive compensation at Wesdome's 2024 AGM.

Which firm was appointed as Wesdome's auditor for the ensuing year at the 2024 AGM?

Grant Thornton LLP was appointed as Wesdome's auditor for the ensuing year, approved by 96.07% of the votes.