bad and sad i guess https://ceo.ca/@marketwired/new-millennium-iron-corp-announces-special-meeting-results
CALGARY, ALBERTA--(Marketwired - March 15, 2016) - New Millennium Iron Corp. ("NML" or the "Company") (TSX:NML) has announced the voting results from the Special Meeting of shareholders held today, March 15, 2016, in Toronto (the "Meeting").
631 shareholders holding a total of 131,249,454 common shares of the Company were represented at the Meeting in person or by proxy, representing 72.49% of the total votes attached to all issued and outstanding common shares of NML as of the record date of February 12, 2016. Voting on all matters at the Meeting was conducted by ballot.
As previously reported, the Meeting was requisitioned by a group of shareholders proposing:
- The removal of six of the current directors of New Millennium ("Director Removal Resolution");
- Fixing the number of directors of the Company at seven ("Board Size Resolution"); and
- The election of four director nominees ("Nominees Resolution").
The votes cast by shareholders present in person or represented by proxy at the Meeting for the Director Removal Resolution were as follows:
Resolution | Votes For | % For | Against | % Against |
Director Removal | 54,820,669 | 41.77% | 76,428,785 | 58.23% |
With the Director Removal Resolution failing to receive a majority of votes cast, the Meeting was adjourned and no additional voting was required or conducted.
On behalf of NML, the members of the Board expressed thanks to shareholders for participating and voting, and for the support received, and underscored their commitment to working collaboratively with all shareholders towards the Company's future success.