K92 Mining's AGM Voting Outcome: Directors and Resolutions
K92 Mining Announces Results of Annual General Meeting
K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) has shared the outcomes of its annual general meeting (AGM) held recently, a combination of both virtual and in-person attendance. All resolutions that were presented have passed successfully, demonstrating strong shareholder support.
Director Elections and Voting Results
During the meeting, shareholders voted on six nominees for the Board of Directors. A substantial total of 160,902,226 common shares were voted, representing approximately 66.83% of all issued and outstanding shares as of the record date. Below are the detailed results of the votes:
Election of Directors
The following directors were elected, along with their respective voting outcomes:
- Mark Eaton: 141,576,374 votes (97.81% For)
- Anne E. Giardini: 144,542,464 votes (99.86% For)
- Saurabh Handa: 144,109,082 votes (99.56% For)
- Cyndi Laval: 144,710,951 votes (99.97% For)
- Nan Lee: 144,721,191 votes (99.98% For)
- John D. Lewins: 144,699,736 votes (99.96% For)
Other Matters Approved
Shareholders also voted affirmatively on several key resolutions including the following:
- The number of directors was set at six (6).
- PricewaterhouseCoopers LLP was re-appointed as the Company’s auditor for the next year with the authority for directors to determine the auditor's compensation.
- A non-binding advisory resolution was passed, supporting the Company's approach to executive compensation.
Strong Governance and Outlook
With these appointments, all six directors will serve on the Board until the next annual meeting or until their successors are appointed. Their continued leadership is pivotal as K92 works to enhance production and operational efficiency at the Kainantu Gold Mine.
Company Overview
K92 Mining Inc. is actively engaged in mining gold, copper, and silver at its Kainantu Gold Mine located in Papua New Guinea. Since declaring commercial production in February 2018, K92 has established a firm financial base and is pursuing initiatives to expand its production capacity. Recently, a maiden resource estimate was published for the Blue Lake copper-gold project, demonstrating the Company’s commitment to growth and resource development.
Conclusion and Contact Information
K92 continues to be operated by an experienced team dedicated to mining excellence. For further inquiries or information, you can contact:
John Lewins, CEO and Director
David Medilek, P.Eng., CFA, President and Chief Operating Officer
Contact: +1-604-416-4445
Frequently Asked Questions
What were the main outcomes of K92 Mining's AGM?
The AGM resulted in the election of six directors and approvals on key matters, including auditor appointments and executive compensation approaches.
How many shares were voted during the AGM?
A total of 160,902,226 shares, equating to 66.83% of issued shares, were voted.
Who were elected to the Board of Directors?
Mark Eaton, Anne E. Giardini, Saurabh Handa, Cyndi Laval, Nan Lee, and John D. Lewins were elected as directors.
What is K92 Mining's focus for its operations?
K92 Mining focuses on the production of gold, copper, and silver while exploring and developing mineral deposits in Papua New Guinea.
How can I get in touch with K92 Mining's management?
For more information, contact David Medilek, President and Chief Operating Officer, at +1-604-416-4445.
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