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Tincorp Metals announced the results of its Annual General and Special Meeting held on June 21, 2024. Shareholders approved all resolutions, including the election of five directors: Dr. Rui Feng, Lorne Waldman, Bhakti Pavani, Alex Zhang, and Hernan Uribe-Zeballos. Deloitte LLP was reappointed as the company’s auditors. The Omnibus Equity Incentive Plan, allowing for the grant of options to purchase up to 10% of the total issued and outstanding common shares, was also approved. The plan awaits final approval from the TSX Venture Exchange.
Positive
- All resolutions were approved at the meeting.
- Election of five directors, ensuring continuity and leadership.
- Reappointment of Deloitte LLP as auditors, maintaining financial oversight.
- Approval of the Omnibus Equity Incentive Plan, enabling strategic equity grants.
Vancouver, British Columbia–(Newsfile Corp. – June 21, 2024) – Tincorp Metals Inc. (TSXV: TIN) (OTCQX: TINFF) (“Tincorp” or the “Company“) is pleased to report that all resolutions were approved today at the Company’s Annual General and Special Meeting of shareholders (the “Meeting“). The voting results are as follows:
| Total issued and outstanding Common Shares as at Record Date: | 66,907,423 |
| Total percentage of Common Shares voted: | 61.55% |
| Matter Voted Upon | Voting Result | |||||
| Fixing the number of directors of the Company at five (5) | The number of directors of the Company for the ensuing year was fixed at five (5), by a majority of shareholders: | |||||
| Votes For | Votes against | |||||
| 41,168,807 | (99.97%) | 13,080 | (0.03%) | |||
| Election of Directors | The following nominees were elected as directors of the Company until the next annual meeting of shareholders of the Company, by a majority of shareholders: | |||||
| Votes For | Votes Withheld | Non Vote | ||||
| Dr. Rui Feng | 39,468,607 | (99.11%) | 355,738 | (0.89%) | 1,357,542 | |
| Lorne Waldman | 39,787,230 | (99.91%) | 37,115 | (0.09%) | 1,357,542 | |
| Bhakti Pavani | 39,470,284 | (99.11%) | 354,061 | (0.89%) | 1,357,542 | |
| Alex Zhang | 39,792,116 | (99.92%) | 32,229 | (0.08%) | 1,357,542 | |
| Hernan Uribe- Zeballos |
39,782,302 | (99.89%) | 42,043 | (0.11%) | 1,357,542 | |
| Appointment of Deloitte LLP, as Auditors of the Company | Deloitte LLP, Independent Registered Public Accounting Firm, was reappointed as the Company’s auditors for the ensuing year, and the directors were authorized to fix their remuneration, by a majority of shareholders: | |||||
| Votes For | Votes Withheld | |||||
| 41,159,732 | (99.95%) | 22,155 | (0.05%) | |||
| Approval of the Company’s Omnibus Equity Incentive Plan (the “Plan”) | The Plan was approved by a majority of shareholders: | |||||
| Votes For | Votes Against | Non Vote | ||||
| 38,489,465 | (96.65%) | 1,334,880 | (3.35%) | 1,357,542 | ||
Approval of the Company’s Omnibus Equity Incentive Plan (the “Plan”)
The Plan has been approved by the Company’s shareholders at the Meeting, it replaces the Company’s existing stock option plan and allows for the grant of options to purchase up to 10% of the total issued and outstanding common shares calculated on the date of the grant, and the grant of other forms of equity incentive securities to acquire up to 6,690,742 common shares. The Plan remains subject to the final approval of the TSX Venture Exchange.
About Tincorp
Tincorp Metals Inc. is a mineral exploration company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada. The Company acquired a 100% interest in the Porvenir Project and SF Tin Project, which are 70 km southeast of Oruro, Bolivia. The Company’s 100% owned Skukum Gold Project is approximately 84 km south of Whitehorse by road. An independent mineral resource estimate update in respect of the Skukum Gold Project was completed in October 2022.
On Behalf of Tincorp Metals Inc.
Victor Feng, Interim CEO
For further information, please contact:
Investor Relations, Tincorp Metals Inc.
Phone: +1 (604)-336-5919
Email: info@tincorp.com
www.tincorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collective, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding final approval of the Company’s Omnibus Equity Incentive Plan by the TSX Venture Exchange, the search for a permanent CEO are forward-looking statements. Forward-looking statements are often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are based on the opinions, assumptions, factors and estimates of management considered reasonable at the date the statements are made.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
Additional information in relation to the Company, including the Company’s most recent annual information form, can be obtained under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.tincorp.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214015
FAQ
What were the results of Tincorp Metals’ Annual General and Special Meeting on June 21, 2024?
All resolutions were approved, including the election of directors, reappointment of auditors, and approval of the Omnibus Equity Incentive Plan.
Who were elected as directors at Tincorp Metals’ 2024 meeting?
Dr. Rui Feng, Lorne Waldman, Bhakti Pavani, Alex Zhang, and Hernan Uribe-Zeballos.
What is the significance of the Omnibus Equity Incentive Plan approved by Tincorp Metals?
The plan allows for the grant of options to purchase up to 10% of the total issued and outstanding common shares, providing strategic equity incentives.
Who was reappointed as Tincorp Metals’ auditor for the ensuing year?
Deloitte LLP was reappointed as the company’s auditors.
What percentage of Tincorp Metals’ common shares were voted at the June 21, 2024 meeting?
61.55% of the total issued and outstanding common shares were voted.
