Wesdome Elects Directors and Approves 2017 Omnibus Equity Incentive Plan

Jun 21, 2017 @ 22:35

Wesdome Gold Mines Ltd.  announces the results of the Company’s annual and special meeting of shareholders held earlier today.

A total of 86,641,252 common shares were represented at the Meeting, representing 65.32% 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) Appointment of Grant Thornton LLP as auditors of the Company for the ensuing year and authorizing the directors of fix their remuneration;

b) Election of the directors of the Company for the ensuing year; and

c) Approval of the 2017 Omnibus Equity Incentive Plan of the Company.

 

The following seven 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
Charles Main 81,314,170 99.83 139,583 0.17
Duncan Middlemiss 81,321,270 99.84 132,483 0.16
Nadine Miller 81,328,685 99.85 125,068 0.15
Warwick Morley-Jepson 81,245,485 99.74 208,268 0.26
Charles Page 81,323,970 99.84 129,783 0.16
Rowland Uloth 52,466,558 64.41 28,987,195 35.59
Bill Washington 81,314,120 99.83 139,633 0.17

 

About Wesdome Gold Mines

Wesdome Gold Mines is in its 30th year of continuous gold mining operations in Canada. The Company is 100% Canadian focused with a pipeline of projects in various stages of development. The Eagle River Complex in Wawa, Ontario is currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open pit, from a central mill. Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d'Or, Quebec. The Kiena Complex is a fully permitted former mine with a 930 metre shaft and 2,000 tonne per day mill. The Company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario, which is being explored and evaluated to be developed in the appropriate gold price environment.