TORONTO, June 14, 2016 /CNW/ - Wesdome Gold Mines Ltd.
(TSX: WDO) (the "Company") announces the results of the Company's
postponed annual general meeting held today.
There were 90,066,171 common shares, representing 75.88% of the
total issued and outstanding shares, voted at the meeting.
Excluding the withhold votes cast by Resolute Fund, each director
who was elected received approximately 80% or above
support.
The following six individuals were elected as directors of the
Company, until the next annual meeting of shareholders, as set out
in the table below:
Name of
Nominee
|
Votes cast
FOR
|
% of votes cast
FOR
|
Votes cast
WITHHELD
|
% of votes cast
WITHHELD
|
Duncan
Middlemiss
|
85,174,493
|
94.76
|
4,712,778
|
5.24
|
Nadine
Miller
|
89,339,381
|
99.39
|
547,890
|
0.61
|
Charles
Page
|
48,608,636
|
54.08
|
41,278,635
|
45.92
|
Barry
Smith
|
83,561,314
|
92.96
|
6,325,957
|
7.04
|
Rowland
Uloth
|
86,309,351
|
96.02
|
3,577,920
|
3.98
|
Bill
Washington
|
55,555,375
|
61.81
|
34,331,896
|
38.19
|
In addition, Grant Thornton LLP, Chartered Accountants, were
re-appointed as the Company's auditors for the ensuing year. Please
refer to the Company's Report of Voting Results filed on SEDAR
at www.sedar.com for detailed results.
ABOUT WESDOME
Wesdome Gold Mines Ltd. is in its 28th year of continuous gold
mining operations in Canada. The Company is currently
producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi
gold mines. The Company's goal is to expand current
operations at both mines over the next four years through mill
expansion and exploration. The Company has significant upside
through ownership of its two other properties, the Kiena Mine
Complex in Val d'Or, Quebec and
the Moss Lake gold deposit located 100 kilometres west of
Thunder Bay, Ontario. These
assets are being explored and evaluated to be developed in the
appropriate gold price environment. The Company has
approximately 129 million shares issued and outstanding which trade
on the Toronto Stock Exchange under the symbol "WDO".
This news release contains "forward-looking information"
which may include, but is not limited to, statements with respect
to the future financial or operating performance of the Company and
its projects. Often, but not always, forward-looking statements can
be identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this press release and
the Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events
or results or otherwise. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. The Company undertakes no
obligation to update forward-looking statements if circumstances,
management's estimates or opinions should change, except as
required by securities legislation. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking
statements.
SOURCE Wesdome Gold Mines Ltd.