RE:RE:RE:RE:RE:Management ContractsUnfortunately during the last AGM only 51 million shares voted out of 226,776,059, so only a small minority actually voted.
Is 3 million in transaction bonuses plus amended Management contracts reasonable? I would be surprised if anyone thought so, but writing to the company as well with your concerns may be more effective. They have stopped responding to me when I questioned their insider selling earlier this year, but other concerned shareholders might have better results.
Western Potash Reports AGM Results
Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual and Special General Meeting held February 26, 2015. The approved items include:
- The reappointment of A. Chan and Company, Chartered Accountants as auditors at a remuneration to be fixed by the directors;
- Fixed the number of directors of the Company at 7;
- The election of J. Patricio Varas, Patrick Power, David Hodge, Troy Nikolai, Buddy Doyle, Peter Miles and Wang Hui to the Board. Of the approximately 51 million shares voted at the meeting by ballot and by proxy, the approximate number of those votes “For” each director, and the approximate percentage of the total votes cast, are as follows: J. Patricio Varas (50.9 million votes / 99%), Patrick Power (50.9 million / 99%), David Hodge (50,9 million / 99%), Troy Nikolai (50.9 million / 99%), Buddy Doyle (50.9 million / 99%), Peter Miles (50.9 million / 99%) and Wang Hui (50.9 million / 99%);
- Approval of the Company’s Employee Incentive Stock Option Plan;
- Approval of the Company’s Shareholder Rights Plan.
ON BEHALF OF THE BOARD OF DIRECTORS
“J. Patricio Varas”
J. Patricio Varas
President and CEO
- See more at: https://www.westernpotash.com/news/western-potash-reports-agm-results-0#sthash.5kLc2CRM.dpuf