Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF)
(“Wallbridge” or the “Company”) held its Annual Meeting of
Shareholders (the “
Meeting”) today, June 8, 2023.
A total of 505,795,637 shares or 54.13% of the
outstanding shares of the Company were represented at the Meeting.
All of the matters submitted to the shareholders for approval as
set out in the Company's notice of meeting and management
information circular dated April 28, 2023 (“MIC”)
were approved by the requisite majority of votes cast at the
Meeting.
Voting on the following matters, as described in
the MIC, were conducted by ballot:
To Set the Number of Directors at Nine
(9)
|
Votes For |
Votes Against |
|
Number |
Percent |
Number |
Percent |
|
432,199,325 |
89.31% |
51,742,497 |
10.69% |
Election of Directors for the Ensuing
Year
The following directors were elected until the
next annual meeting of shareholders or until their successors are
otherwise duly elected or appointed: Alar Soever, Faramarz (Marz)
Kord, Janet Wilkinson, Parviz Farsangi, Michael Pesner, Anthony
Makuch, Jeffery Snow, Danielle Giovenazzo and Brian Christie.
|
Votes For |
Votes Withheld |
|
Number |
Percent |
Number |
Percent |
Alar Soever |
447,027,908 |
92.37% |
36,913,914 |
7.63% |
Faramarz (Marz) Kord |
466,152,456 |
96.32% |
17,789,366 |
3.68% |
Janet Wilkinson |
470,323,251 |
97.19% |
13,618,571 |
2.81% |
Parviz Farsangi |
433,046,528 |
89.48% |
50,895,294 |
10.52% |
Michael Pesner |
437,856,828 |
90.48% |
46,084,994 |
9.52% |
Anthony Makuch |
474,098,432 |
97.97% |
9,843,391 |
2.03% |
Jeffery Snow |
470,655,348 |
97.25% |
13,286,474 |
2.75% |
Danielle Giovenazzo |
471,250,789 |
97.38% |
12,691,333 |
2.62% |
Brian Christie |
466,997,634 |
96.50% |
16,944,188 |
3.50% |
|
|
|
|
|
Appointment of KPMG LLP as Auditor of the Corporation
for the ensuing year and authorizing the Directors to fix their
remuneration
|
Votes For |
Votes Withheld |
|
Number |
Percent |
Number |
Percent |
|
500,375,204 |
98.93% |
5,420,433 |
1.07% |
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration
and sustainable development of gold projects along the
Detour-Fenelon Gold Trend while respecting the environment and
communities where it operates.
Wallbridge’s flagship project, Fenelon Gold
(“Fenelon”), is located on the highly prospective
Detour-Fenelon Gold Trend Property in Québec’s Northern Abitibi
region. An updated mineral resource estimate completed in January
2023 yielded significantly improved grades and additional ounces at
the 100%-owned Fenelon and Martiniere projects, incorporating a
combined 3.05 million ounces of indicated gold resources and 2.35
million ounces of inferred gold resources.
Fenelon and Martiniere are located within an 830 km2 exploration
land package controlled by Wallbridge. The Company believes that
these two deposits have good potential for economic development,
especially given their proximity to existing hydro-electric power
and transportation infrastructure. In addition, Wallbridge believes
that the extensive land package is extremely prospective for the
discovery of additional gold deposits.
Wallbridge also holds a 19.9% interest in the common shares of
Archer Exploration Corp. (“Archer”) as a result of
the sale of the Company’s portfolio of nickel assets in Ontario and
Québec in November of 2022.
Wallbridge will continue to focus on its core Detour-Fenelon
Gold Trend Property while enabling shareholders to participate in
the potential economic upside in Archer.
For further information please visit the
Company’s website at www.wallbridgemining.com or contact:
Wallbridge Mining Company Limited
Marz Kord, P. Eng., M. Sc., MBAPresident & CEOTel: (705)
682‒9297 ext. 251 Email: mkord@wallbridgemining.com
Victoria Vargas, B.Sc. (Hon.) Economics, MBAInvestor Relations
AdvisorEmail: vvargas@wallbridgemining.com
Cautionary Note Regarding
Forward-Looking InformationThis press release may contain
forward-looking statements or information (collectively,
“FLI”) within the meaning of applicable Canadian
securities legislation. FLI is based on expectations, estimates,
projections, and interpretations as at the date of this press
release.
All statements, other than statements of historical fact,
included herein are FLI that involve various risks, assumptions,
estimates and uncertainties. Generally, FLI can be identified by
the use of statements that include words such as “seeks”,
“believes”, “anticipates”, “plans”, “continues”, “budget”,
“scheduled”, “estimates”, “expects”, “forecasts”, “intends”,
“projects”, “predicts”, “proposes”, "potential", “targets” and
variations of such words and phrases, or by statements that certain
actions, events or results “may”, “will”, “could”, “would”,
“should” or “might”, “be taken”, “occur” or “be achieved.”
FLI herein includes but is not limited to: statements regarding
the potential future performance of Archer common shares; future
drill results; the Company’s ability to convert inferred resources
into measured and indicated resources; environmental matters;
stakeholder engagement and relationships; parameters and methods
used to estimate the MRE’s at the Fenelon Gold (defined below) and
Martiniere (defined below) properties (collectively the
“Deposits”); the prospects, if any, of the
Deposits; future drilling at the Deposits; and the significance of
historic exploration activities and results.
FLI is designed to help you understand management’s current
views of its near- and longer-term prospects, and it may not be
appropriate for other purposes. FLI by their nature are based
on assumptions and 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
such FLI. Although the FLI contained in this press release is based
upon what management believes, or believed at the time, to be
reasonable assumptions, the Company cannot assure shareholders and
prospective purchasers of securities of the Company that actual
results will be consistent with such FLI, as there may be other
factors that cause results not to be as anticipated, estimated or
intended, and neither the Company nor any other person assumes
responsibility for the accuracy and completeness of any such
FLI. Except as required by law, the Company does not
undertake, and assumes no obligation, to update or revise any such
FLI contained herein to reflect new events or circumstances. Unless
otherwise noted, this press release has been prepared based on
information available as of the date of this press release.
Accordingly, you should not place undue reliance on the FLI, or
information contained herein.
Furthermore, should one or more of the risks, uncertainties or
other factors materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
in FLI.
Assumptions upon which FLI is based, without limitation,
include: the results of exploration activities, the Company’s
financial position and general economic conditions, the ability of
exploration activities to accurately predict mineralization; the
accuracy of geological modelling; the ability of the Company to
complete further exploration activities; the legitimacy of title
and property interests in the Deposits; the accuracy of key
assumptions, parameters or methods used to estimate the MREs; the
ability of the Company to obtain required approvals; the results of
exploration activities; the evolution of the global economic
climate; metal prices; environmental expectations; community and
non-governmental actions; and any impacts of the COVID-19 pandemic
on the Deposits, the Company’s financial position, the Company’s
ability to secure required funding, or operations. In addition to
the MD&A, risks and uncertainties about Wallbridge's business
are discussed in the disclosure materials filed with the securities
regulatory authorities in Canada, which are available at
www.sedar.com.
Information Concerning Estimates of Mineral
Resources
The disclosure relating to the Deposits and MRE’s in this press
release and referred to herein was prepared in accordance with NI
43-101 which differs from the requirements of the U.S. Securities
and Exchange Commission (the "SEC"). The
terms "measured mineral resource", "indicated mineral resource" and
"inferred mineral resource" used in this press release are in
reference to the mining terms defined in the Canadian Institute of
Mining, Metallurgy and Petroleum Standards (the "CIM
Definition Standards"), which definitions have been
adopted by NI 43-101. Accordingly, information contained in
this press release providing descriptions of our mineral deposits
in accordance with NI 43-101 may not be comparable to similar
information made public by other U.S. companies subject to the
United States federal securities laws and the rules and regulations
thereunder.
Investors are cautioned not to assume that any part or all
mineral resources will ever be converted into reserves. Pursuant to
CIM Definition Standards, "inferred mineral resources" are that
part of a mineral resource for which quantity and grade or quality
are estimated on the basis of limited geological evidence and
sampling. Such geological evidence is sufficient to imply but
not verify geological and grade or quality continuity. An
inferred mineral resource has a lower level of confidence than that
applying to an indicated mineral resource and must not be converted
to a mineral reserve. However, it is reasonably expected that the
majority of inferred mineral resources could be upgraded to
indicated mineral resources with continued exploration. Under
Canadian rules, estimates of inferred mineral resources may not
form the basis of feasibility or pre-feasibility studies, except in
rare cases. Investors are cautioned not to assume that all or
any part of an inferred mineral resource is economically or legally
mineable. Disclosure of "contained ounces" in a resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures.
Investors are cautioned that while terms, are substantially
similar to CIM Definition Standards, there are differences in the
definitions and standards under subpart 1300 of Regulation S-K of
the United States Securities Act of 1933, as amended (the
"SEC Modernization Rules"), with compliance
required for the first fiscal year beginning on or after January 1,
2021. The SEC Modernization Rules replace the historical
property disclosure requirements included in SEC Industry Guide
7. As a result of the adoption of the SEC Modernization
Rules, the SEC now recognizes estimates of "measured mineral
resources," "indicated mineral resources" and "inferred mineral
resources". Information regarding mineral resources contained
or referenced in this press release may not be comparable to
similar information made public by companies that report according
to U.S. standards. While the SEC Modernization Rules are
purported to be "substantially similar" to the CIM Definition
Standards, readers are cautioned that there are differences between
the SEC Modernization Rules and the CIM Definitions Standards.
Accordingly, there is no assurance any mineral resources that the
Company may report as "measured mineral resources", "indicated
mineral resources" and "inferred mineral resources" under NI 43-101
would be the same had the Company prepared the resource estimates
under the standards adopted under the SEC Modernization Rules.
Wallbridge Mining (TSX:WM)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Wallbridge Mining (TSX:WM)
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부터 5월(5) 2023 으로 5월(5) 2024