RE:RE:FAILED RS IN 2012Voting is closed.
Northcore Resources shareholders approve 1:20 rollback
2014-02-25 20:57 ET - News Release
Mr. Garry Majerle reports
NORTHCORE-RESULTS FROM THE ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Northcore Resources Inc. has released the results from the annual and special meeting of shareholders held on Feb. 25, 2014. More than 32,383,000 votes were cast representing 31.81 per cent of the issued and outstanding shares of the corporation. The quorum was met under the corporation's bylaws.
The board of directors was elected and is now made up of: Garry Majerle, chairman, Taylor Sebastian, Michel Lebeuf, John Florek and Stephen McGinn, who are all recognized as independent directors.
The mandate of the auditor Raymond Chabot Grant Thronton has been unanimously renewed for the 2013 fiscal year.
There were three other resolutions that were adopted by the shareholders:
- The share option purchase program resolution was adopted by 95.80 per cent of the votes registered.
- The resolution seeking the adoption of a share consolidation mandate for the board of directors of one for up to 20 was approved by more than 87.38 per cent of the votes cast. This share consolidation will be effective at the discretion of the board of directors and will be announced publicly prior to becoming effective.
- The resolution seeking the adoption of restricted share unit and deferred share unit incentive plans for directors, officers, employees and consultants and the adoption of a proposed grant of one million preconsolidation RSUs to Mr. Florek, which grant the board of directors had voted on and accepted. This grant will become effective upon regulatory approval.
The votes tied to the shares owned by the insiders were not included in the results. A total of 1,147,000 shares were excluded from the results. The incentive programs and the grant to Mr. Florek were adopted by 93.866 per cent of the votes cast by shareholders dealing at arm's length with the corporation.