Wesdome Gold Mines Announces Successful AGM Voting Results
Wesdome's AGM Voting Results Reflect Strong Shareholder Support
Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) proudly announces the positive outcomes from its recent annual general meeting held this year. The meeting gathered an impressive representation, with 96,142,077 common shares, amounting to 63.99% of all issued shares, highlighting the active participation of shareholders in the company’s governance.
Approval of Key Proposals
During the meeting, shareholders provided their overwhelming support for all proposed resolutions, which included:
- The election of directors to serve until the next annual meeting.
- The appointment of Ernst & Young LLP as the company’s independent auditor, with an authorization for the board to set their remuneration.
- A favorable advisory vote on the executive compensation outlined in the latest Management Information Circular.
Director Elections and Shareholder Confidence
Eight highly qualified individuals were elected to serve as directors until the following annual meeting of shareholders. The exact outcomes of the voting reflected substantial faith in their leadership capabilities:
- Anthea Bath: 81,105,296 votes (99.82% for)
- Edward Dowling: 78,420,001 votes (96.52% for)
- Louise Grondin: 80,781,276 votes (99.42% for)
- Jacqueline Ricci: 79,794,650 votes (98.21% for)
- Brian Skanderbeg: 79,567,138 votes (97.93% for)
- Edie Thome: 79,505,421 votes (97.85% for)
- Bill Washington: 79,118,462 votes (97.38% for)
- Philip Yee: 81,180,828 votes (99.91% for)
This election result demonstrates the strong commitment of shareholders to the future direction of Wesdome.
Auditor Appointment and Accountability
The appointment of Ernst & Young LLP as Wesdome’s independent auditor received significant backing, with 94,790,443 votes (98.59% for) supporting their continued role in ensuring transparency and regulatory compliance.
Executive Compensation Advisory Vote
Wesdome's commitment to fair compensation practices was evident as 96.88% of shareholders supported the advisory vote on executive compensation. This indicates confidence in the strategies laid out in the company’s Management Information Circular.
About Wesdome Gold Mines
Wesdome Gold Mines is a leading gold producer in Canada, managing two high-grade underground mining operations, the Eagle River mine located in Ontario and the Kiena mine in Quebec. With a determined focus on growth, the company aims to utilize its assets smartly to drive shareholder value in a responsible manner.
Contact Information
For inquiries, the company can be reached at:
- Raj Gill, SVP, Corporate Development & Investor Relations
Phone: +1.416.360.3743
Email: invest@wesdome.com - Trish Moran, VP, Investor Relations
Phone: +1.416.564.4290
Email: trish.moran@wesdome.com
Frequently Asked Questions
What were the main outcomes of Wesdome's AGM?
Shareholders approved all proposed resolutions, including the election of directors and the appointment of Ernst & Young LLP as auditors.
How did the shareholders vote on executive compensation?
The advisory vote on executive compensation saw a strong 96.88% approval from shareholders.
Who were the newly elected directors?
The eight directors elected include notable individuals such as Anthea Bath and Edward Dowling, with overwhelming majority support.
What is Wesdome Gold Mines' primary business focus?
Wesdome focuses on gold production and management of its high-grade underground mining operations in Canada.
How can I contact Wesdome for more information?
Interested parties can contact Raj Gill or Trish Moran through the provided email addresses and phone numbers.
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