Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that all the proposed resolutions at its Annual General Meeting of Shareholders held on Wednesday, June 22, 2022 were duly passed, including the election of Keena Hicken-Gaberria as a Director of the Company. Ms. Hicken-Gaberria was subsequently appointed Chair of the Company’s Audit Committee, and has been appointed to the Company’s Compensation, Governance and Nominations Committee. The Company wishes to thank Larry Yau for his years of service to the Company as a Director.
The results for each of the matters voted upon at the meeting are set out below:
|
RESOLUTION
|
VOTES FOR
|
% FOR
|
VOTES WITHHELD/
AGAINST
|
% WITHHELD/
AGAINST
|
|
Number of Directors set at 5
|
64,477,732
|
99.88
|
%
|
0
|
0.00
|
%
|
|
Elect as a director:
|
|
|
Sam Lee
|
64,472,543
|
99.87
|
%
|
81,856
|
0.13
|
%
|
|
Dale Corman
|
64,242,818
|
99.52
|
%
|
311,581
|
0.48
|
%
|
|
Martino De Ciccio
|
64,469,206
|
99.87
|
%
|
85,193
|
0.13
|
%
|
|
Keena Hicken-Gaberria
|
64,241,451
|
99.52
|
%
|
312,948
|
0.48
|
%
|
|
Kevin O’Kane
|
64,507,293
|
99.93
|
%
|
47,106
|
0.07
|
%
|
|
Appointment of Auditors
|
69,439,386
|
99.94
|
%
|
39,757
|
0.06
|
%
|
|
Approval of the Amended Option Plan
|
64,435,000
|
99.82
|
%
|
0
|
0.00
|
%
|
Sam Lee, President and CEO of Northisle commented, “On behalf of the board, I would like to thank Larry for his insight and contributions to Northisle over the past eight years. Larry’s contributions have helped guide Northisle through several periods of growth, and we are thankful for his strong contributions during his time on the board.” Sam continued, “I would also like to welcome Keena to the board of Directors and as Chair of our Audit Committee. Keena’s extensive experience and leadership in diverse industries and communities, including her experience working with the First Nations of northern Vancouver Island, will bring a valuable new perspective to the company, and further strengthen our board as we enter into this new chapter.”
About Northisle
Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada’s leading sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle completed an updated preliminary economic assessment for the North Island Project in 2021 and is now focused on advancement of the project through a prefeasibility study while continuing exploration within this highly prospective land package.
For more information on Northisle please visit the Company’s website at www.northisle.ca.
On behalf of Northisle Copper and Gold Inc.
Nicholas Van Dyk, CFA
Chief Financial Officer
Tel: (604) 638-2515
Email: info@northisle.ca
www.northisle.ca
Cautionary Statements regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to the anticipated use of proceeds from the Offering as well as any other future plans, objectives or expectations of Northisle. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, Northisle’s ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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