Black Iron's Annual Meeting Results Show Strong Support for Directors
Black Iron Inc. Elects New Directors at Annual Meeting
Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) recently held its annual shareholder meeting, where shareholders came together to vote on the board of directors and other important matters. The results showcased overwhelming support for the nominated directors, as outlined in the management information circular dated May 6.
Results of the Director Elections
The election results revealed that all nominees were selected with high voter approval. Matthew Simpson received a remarkable 99.823% of votes in favor of his re-election, underscoring the confidence shareholders have in his leadership.
Details of the Voting Outcomes
Here’s a brief summary of the voting results:
- Matthew Simpson: 99.823% in favor, only 0.177% withhold.
- Bruce Humphrey: 99.406% in favor, 0.594% withhold.
- John Detmold: 99.272% in favor, 0.728% withhold.
- Pierre Pettigrew: 99.827% in favor, 0.173% withhold.
- David Porter: 98.138% in favor, 1.862% withhold.
- Zenon Potoczny: 99.823% in favor, 0.177% withhold.
Appointment of Auditors
In addition to the director elections, shareholders approved the appointment of the Company’s auditors, demonstrating trust in Black Iron's financial governance. A total of 34,637,832 common shares were voted, which accounts for approximately 11.3% of all issued shares, indicating strong shareholder engagement.
About Black Iron Inc.
Black Iron is an iron ore exploration and development firm focused on advancing its 100% owned Shymanivske Iron Ore Project located in Ukraine. This property is strategically positioned near several operating mines, which enhances its potential for successful development and production.
Strategic Importance of Shymanivske Project
The Shymanivske Project is particularly noteworthy, having full mineral resources documented and robust project economics detailed in the NI 43-101 technical report titled “(Amended) Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit.” This report lays out the project's potential, and shareholders can find full details in the published documents.
Community and Economic Impact
Black Iron is committed to creating economic opportunities in the regions where it operates. The project not only aims to provide significant employment opportunities but also contribute to sustainable community development initiatives.
Company Contact Information
For further details regarding Black Iron’s projects and initiatives, please contact:
Matt Simpson
Chief Executive Officer
Black Iron Inc.
Tel: +1 (416) 309-2138
Frequently Asked Questions
What were the results of the director elections at Black Iron?
All nominated directors were elected with high percentages in favor, indicating strong support from shareholders.
How many common shares were voted during the meeting?
A total of 34,637,832 common shares, representing approximately 11.3% of all issued shares, were voted at the meeting.
What is the Shymanivske Iron Ore Project?
The Shymanivske Project is Black Iron's flagship asset in Ukraine, focused on iron ore exploration and development.
Who is the CEO of Black Iron?
The CEO of Black Iron is Matt Simpson, who leads the company’s strategic direction and initiatives.
Where can I find more information about Black Iron?
More information is available on the Black Iron website, where you can access details about its projects and corporate updates.
About The Author
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