Eloro Resources Reveals Key Results from Shareholder Meeting
Eloro Resources Reveals Key Results from Shareholder Meeting
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is excited to inform its shareholders about the latest results from its recent annual and special meeting, conducted virtually. The meeting witnessed substantial participation, with 32,499,132 common shares, equating to 40.475% of the total issued and outstanding shares, being voted.
Director Nominees Election Results
During the meeting, shareholders cast their votes in favor of a set of seven director nominees. Overall, the voting reflected significant support for these candidates, which underscores the confidence shareholders have in their leadership. Here’s a summary of the votes for the key nominees:
Voting Details
1. **Thomas Larsen**: Received 27,710,072 votes, representing 99.393% approval.
2. **Francis Sauve**: Garnered 27,746,772 votes, translating to 99.525%.
3. **Alexander Horvath**: Achieved consistent results with 27,746,772 votes (99.525%).
4. **Dusan Berka**: Received strong backing with 27,747,072 votes (99.526%).
5. **Richard Stone**: Garnered 27,745,772 votes, giving him a 99.521% approval rate.
6. **Pablo Ordoñez**: Secured 27,740,923 votes (99.504%).
7. **Caroline Cathcart**: Received 27,721,872 votes with an approval rating of 99.436%.
Additional Business Resolutions
Shareholders also approved several other vital business resolutions. These include confirming the number of directors at seven, empowering the directors to decide on the composition by resolution, reappointing RSM Canada LLP as auditors, and allowing the issuance of shares in conjunction with a debt settlement agreement.
Understanding Eloro Resources
Eloro is firmly established as an exploration and mine development company boasting a diverse portfolio of valuable gold and base-metal properties located in Bolivia, Peru, and Quebec. A significant aspect of their strategy includes a working option to acquire a full 100% interest in the Iska Iska project. This project is classified as a polymetallic epithermal-porphyry complex and represents a substantial mineral resource found in the Potosi Department of southern Bolivia.
Furthermore, a recent NI 43-101 Technical Report, conducted by Micon International Limited on the Iska Iska project, highlights its exceptional potential, with the report readily accessible on Eloro’s official website and its filings.
La Victoria Gold/Silver Project
In addition to Iska Iska, Eloro maintains an 82% interest in the La Victoria Gold/Silver Project situated within Peru's North-Central Mineral Belt, approximately 50 km from notable mining sites like the Lagunas Norte Gold Mine and the La Arena Gold Mine. This highlights Eloro's commitment to maintaining a vibrant exploration pipeline and advancing its existing projects.
Contact Information
For further inquiries, shareholders and interested parties can reach out to Thomas G. Larsen, Chairman and CEO, or Jorge Estepa, Vice-President, at (416) 868-9168. Eloro Resources is committed to transparency and open communication with its shareholder community.
Frequently Asked Questions
What are the main outcomes from the recent shareholder meeting?
The meeting resulted in the successful election of all seven director nominees and approval for various other business items, including the re-appointment of auditors.
How many shares were voted during the meeting?
A total of 32,499,132 common shares, representing 40.475% of issued shares, participated in the vote.
What projects does Eloro Resources focus on?
Eloro is engaged in several projects, most notably the Iska Iska project in Bolivia and the La Victoria Gold/Silver Project in Peru.
Who are the newly elected directors?
The newly elected directors include Thomas Larsen, Francis Sauve, Alexander Horvath, Dusan Berka, Richard Stone, Pablo Ordoñez, and Caroline Cathcart.
Where can I find detailed reports on Eloro’s projects?
Detailed reports, including the recent NI 43-101 Technical Report for Iska Iska, can be found on Eloro’s official website and SEDAR+ filings.
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