Primero Mining Corp (C:P)
Shares Issued 191,834,973
Last Close 6/13/2017 $0.50
Tuesday June 13 2017 - News Release
Mr. Evan Young reports
PRIMERO ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Today, at Primero Mining Corp.'s annual general and special meeting of shareholders, all directors nominated as listed in the management information circular dated May 1, 2017, were re-elected.
The detailed results are shown in the attached table.
Director Votes for % Votes withheld % Wade Nesmith 87,075,974 97.99 1,786,365 2.01 Joseph Conway 87,752,368 98.75 1,109,971 1.25 David Demers 77,299,167 86.99 11,563,172 13.01 Grant Edey 77,309,686 87.00 11,552,653 13.00 Patricia Fortier 87,728,154 98.72 1,134,185 1.28 Brad Marchant 87,773,122 98.77 1,089,217 1.23 Robert Quartermain 77,304,345 86.99 11,557,994 13.01 Michael Riley 87,762,295 98.76 1,100,044 1.24
In addition, Primero reports that shareholders voted in favour of the appointment of KPMG LLP as the auditor of the company for the ensuing year and have authorized the directors to fix the auditor's remuneration, with 111,359,262 shares voted for (98.23 per cent) and 2,006,683 shares withheld (1.77 per cent).
Primero also notes that the advisory vote on executive compensation (say on pay) was not approved by shareholders, with 26,196,152 shares voted for (29.48 per cent) and 62,666,186 shares against (70.52 per cent). Primero's board of directors believes that current compensation practices are aligned with the interests of shareholders but will take the results of this vote into consideration, as appropriate, when future compensation is determined. The board will continue to engage directly with shareholders to receive feedback and seek to improve its approach to executive compensation.
About Primero Mining Corp.
Primero Mining is a Canadian-based precious metals producer that owns 100 per cent of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico, and 100 per cent of the Black Fox mine and adjoining properties in the township of Black River-Matheson near Timmins, Ont., Canada. Primero offers immediate exposure to unhedged, below-average cash cost gold production with a substantial resource base in politically stable jurisdictions. The company is focused on becoming a leading intermediate gold producer by building a portfolio of high-quality, low-cost precious metals assets in the Americas.
© 2017 Canjex Publishing Ltd.