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Athabasca Minerals Announces Voting Results from 2022 Annual General and Special Meeting

Edmonton, Alberta–(Newsfile Corp. – June 21, 2022) – Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") is announcing the voting results…

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Edmonton, Alberta–(Newsfile Corp. – June 21, 2022) – Athabasca Minerals Inc. (TSXV: AMI) (“Athabasca” or the “Corporation“) is announcing the voting results of the Annual General and Special Meeting (the “Meeting“) of holders of Common Shares (“Shareholders“) of the Corporation which was held on June 21, 2022 in Edmonton, Alberta. The total number of votes represented at the Meeting was 33,009,355, being 42.522% of the total Common Shares of the Corporation.

At the Meeting Shareholders voted to fix the number of directors to be elected to the Board of Directors of the Corporation (the “Board“) at five. The detailed results of the vote for the election of directors of Athabasca are set out below.

Directors Votes For Votes Withheld
   Don Paulencu 32,322,650 42,563
   Terrance Kutryk 32,173,450 191,763
   Jonathan McCreary 32,282,650 82,563
   Dale Nolan 32,323,150 42,063
   Robert Beekhuizen 7,804,180 24,561,033

 

As a result, the nominees for election as directors set out above were elected as directors of Athabasca to serve until the close of the next annual meeting of Shareholders or until their successors are elected or appointed. In accordance with Athabasca’s majority voting policy, since Robert Beekhuizen received more “withheld” votes than votes “for”, Mr. Beekhuizen has indicated his intention to tender his resignation as a director to the Board. The Board will consider such resignation and will notify the Shareholders of the outcome of such consideration in due course by press release.

The Shareholders voted in favour of all other matters brought before the Meeting. The results of the other matters considered at the Meeting including the appointment of auditors, re-approval of the Corporation’s stock option plan, the approval of the deferred share unit plan and the restricted share unit plan, and the approval of the Corporation’s employee share purchase plan.

ABOUT ATHABASCA MINERALS INC.

Athabasca Minerals is an integrated group of companies capable of full life-cycle development and supply of aggregates and industrial minerals. The Corporation is comprised of the following business units: AMI Silica, (www.amisilica.com) with resource holdings and business interests in Alberta, North-East BC, and the United States; AMI Aggregates, with aggregates from its corporate pits and which manages the Coffey Lake Public Pit for the Government of Alberta; Métis North Sand & Gravel which is a strategic partnership with the McKay Métis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region; AMI RockChain, a technology-enabled business using its proprietary RockChain™ digital platform, automated supply-chain and logistics solutions, quality-assurance & safety programs to deliver products across Canada; and TerraShift Engineering which conducts resource exploration, regulatory, mining, environmental and reclamation engineering for a growing nation-wide customer base and is also the developer of its proprietary TerraMaps™ software.

For further information, please contact:

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 release.

FORWARD-LOOKING STATEMENTS

This news release contains certain statements or disclosures relating to Athabasca that are based on the expectations of its management as well as assumptions made by and information currently available to Athabasca which may constitute forward-looking statements or information (“forward-looking statements“) under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Athabasca anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words “would”, “will”, “anticipates”, believes”, “explores” and similar expressions. Athabasca believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

Readers are cautioned not to place undue reliance on these forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Corporation does not undertake any obligation to update or revise any of the forward-looking statements, except as may be required by applicable securities laws.

Additional information on these and other factors that could affect the Corporation’s operations and financial results are included in this news release and may be accessed under Athabasca’s profile on SEDAR at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128523




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