VANCOUVER, BC--(Marketwired - May 14, 2015) - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) ("Midas Gold" or the "Company") today announced the results of its annual general meeting, which was held in Vancouver on May 13, 2015. Following the meeting, Stephen Quin, President and CEO, provided those present with a brief overview of the Company's progress over the past year and its plans going forward. During the meeting, Midas Gold Idaho, Inc. ("MGII"), the Company's operating subsidiary in Idaho, released its 2014 Sustainability Report.
Annual General Meeting Voting Result
A total of 65.9 million common shares were represented at the meeting, or 46.5% of the votes attached to all outstanding shares. The Company's shareholders voted in favour of the election of all director nominees listed in the Company's management information proxy circular. Detailed results of the vote for the election of directors were as follows:
| |
| |
| |
| |
| |
| |
| Nominee |
| Votes For |
| Votes
Withheld |
| Total Votes
Cast * |
| Percentage of
Votes For |
| Percentage of
Votes Withheld |
| Keith Allred |
| 58,392,931 |
| 73,878 |
| 58,466,809 |
| 99.87% |
| 0.13% |
| Wayne Hubert |
| 58,422,331 |
| 44,478 |
| 58,466,809 |
| 99.92% |
| 0.08% |
| Peter Nixon |
| 58,416,431 |
| 50,378 |
| 58,466,809 |
| 99.91% |
| 0.09% |
| Stephen Quin |
| 58,422,131 |
| 44,678 |
| 58,466,809 |
| 99.92% |
| 0.08% |
| Laurel Sayer |
| 58,398,831 |
| 67,978 |
| 58,466,809 |
| 99.88% |
| 0.12% |
| John Wakeford |
| 58,426,331 |
| 40,478 |
| 58,466,809 |
| 99.93% |
| 0.07% |
| Donald Young |
| 58,427,131 |
| 39,678 |
| 58,466,809 |
| 99.93% |
| 0.07% |
| * Not all shares were voted in respect of all motions therefore the combined number of shares voted for or withheld may not add up to the total votes represented at the meeting. |
| | | | | | | | | | | |
The directors were elected to hold offices until the next annual meeting of shareholders or until their successors are elected or appointed.
The Company's shareholders also approved the appointment of Deloitte LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending December 31, 2015 (99.91% voted in favour). Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
Sustainability Reporting
In conjunction with Midas Gold's Annual General Meeting, MGII released its 2014 Sustainability Report summarizing its efforts in respect of conservation; energy and waste reduction; health and safety; community involvement and engagement, and economic benefits. Reporting includes an assessment of Midas Gold's performance using the internationally recognized "Towards Sustainable Mining" initiative for reporting as issued by the Mining Association of Canada. Highlights from our Stibnite Gold Project include planting more than 30,000 trees in the past four years; 100% reclamation of Midas Gold drill sites, plus an additional 8 acres of historically disturbed lands; 24 months with zero lost time or reportable safety incidents; and 36 months without a reportable spill. In respect of its contributions towards sustainability, Midas Gold established its second solar power system on site in 2014, significantly reducing fuel consumption and transportation; removed over 30 tons of scrap metal left by prior operators and recycled a third of that; and recycled more than 1,000 pounds of other materials related to its own activities and in support of local community events. During 2014, Midas Gold was actively engaged with the local communities on a number of fronts, including hosting more than 240 people on 29 different tours of the site for local residents; established a local community advisory board; appointed a majority of local directors to the board of Midas Gold Idaho, Inc.; and participated in, sponsored and supported numerous community events. Midas Gold also continued its focus on hiring locally and supporting local businesses, making a significant positive contribution to the local economy throughout the year.
A copy of the report which outlines our commitments, objectives and achievements can be downloaded at http://midasgoldidaho.com/wp-content/uploads/2012/10/2015-05-05-Sustainability-Report-Final.pdf.