VANCOUVER, British Columbia, May 11, 2018 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX: PVG ) (NYSE: PVG ) (“Pretivm” or the “Company”) announces the voting results from its Annual General Meeting of Shareholders held on May 10, 2018 (the “Meeting”).
A total of 123,704,890 (67.82%) of Pretivm’s common shares were represented at the meeting.
The seven nominees listed in the management proxy circular were elected as directors of Pretivm. Detailed results of the vote for the election of directors are set out below:
Number of Directors
Setting the number of Directors at seven
| Votes for | % For | Votes Against | % Against | |||
| 100,042,807 | 99.83% | 171,640 | 0.17% | |||
Election of Directors
| Nominee | Votes for | % For | Votes Withheld | % Withheld | |
| Robert A. Quartermain Joseph J. Ovsenek George Paspalas Peter Birkey Nicole Adshead-Bell David Smith Faheem Tejani | 93,548,533 98,271,147 98,011,888 96,968,635 98,187,368 98,204,726 94,405,817 | 93.35% 98.06% 97.80% 96.76% 97.98% 97.99% 94.20% | 6,665,915 1,943,301 2,202,560 3,245,813 2,027,080 2,009,722 5,808,631 | 6.65% 1.94% 2.20% 3.24% 2.02% 2.01% 5.80% |
Voting results at the meeting approving the appointment of auditors and an advisory resolution on executive compensation were as follows:
Appointment of auditors
The appointment of PricewaterhouseCoopers LLP as auditors of the Company and authorising the auditors to set their remuneration.
| Votes for | % For | Votes Withheld | % Withheld | |||
| 122,765,547 | 99.40% | 738,375 | 0.60% | |||
Say on Pay Advisory Vote
To authorize and approve a non-binding resolution accepting the Company’s approach to executive compensation.
| Votes for | % For | Votes Against | % Against | |||
| 58,094,953 | 57.97% | 42,119,495 | 42.03% | |||
About Pretivm
Pretivm is ramping-up gold production at the high-grade underground Brucejack mine in northern British Columbia.
For further information contact:
Joseph Ovsenek Troy Shultz President & CEO Manager, Investor Relations & Corporate Communications
Pretium Resources Inc. Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street PO Box 49334 Vancouver, BC V7X 1L4 (604) 558-1784 invest@pretivm.com (SEDAR filings: Pretium Resources Inc.)
Forward-Looking Statements
This News Release contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to: production and cost guidance; our planned mining, exploration and development activities; capital and operating cost estimates; production and processing estimates; the future price of gold and silver; the adequacy of our financial resources; the estimation of mineral reserves and resources including the 2016 Valley of the Kings Mineral Resource estimate and the Brucejack Mineral Reserve estimate; realization of mineral reserve and resource estimates and timing of development of Pretivm's Brucejack Mine; costs and timing of future exploration and development; results of future exploration and drilling; capital and operating cost estimates; timelines and similar statements relating to the economic viability of the Brucejack Mine, including mine life, total tonnes mined and processed and mining operations; completion of ramp-up to steady state production and positive cash flow; timing and receipt of approvals, consents and permits under applicable legislation; our relationship with community stakeholders; litigation matters; environmental matters; and statements regarding USD cash flows currency fluctuations and the recurrence of foreign currency translation adjustments. Wherever possible, words such as “plans”, “expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “modeled’, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in Pretivm's Annual Information Form dated March 28, 2018 filed on SEDAR at www.sedar.com and in the United States on Form 40-F through EDGAR at the SEC's website at www.sec.gov. Forward-looking statements are based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.
