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Jun 08, 2016

Treasury Metals Announces Results of Annual Meeting of Shareholders

TSX:TML

TORONTO, June 8, 2016 /CNW/ - Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML), a gold exploration and development company focused on Goliath Gold Project in northwestern Ontario, is pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held on June 7, 2016.

A total of 56,081,294 common shares ("Common Shares"), which is 67% of the outstanding Common Shares of the Company, were represented at the Meeting and all matters presented for approval at the Meeting have been duly authorized and approved, as follows:


(i)


election of all management nominees to the board of directors of the Company;






(ii)


appointment of Collins Barrow Toronto LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration; and,






iii)


resolution to amend the warrants to purchase common shares of the Company currently held by the Company's lender to extend the expiry date by one year.

 

The nominees proposed by management were elected by shareholders on a show of hands, with the detailed results for the election of directors of the management proxy votes received, including those in person, were as follows:

Name

Shares Voted For
(#)

Shares Voted For
(%)

Shares Withheld
(#)

Shares Withheld
(%)

Doug Bache

53,785,817

98.96

567,891

1.04

William Fisher

53,785,502

98.95

568,206

1.05

Marc Henderson

54,299,238

99.90

54,470

0.10

Christophe Vereecke

53,786,739

98.96

566,969

1.04

Flora Wood

30,476,143

56.07

23,877,565

43.93

Blaise Yerly

54,199,920

99.72

153,788

0.28

 

The formal report on voting results with respect to all matters voted upon at the meeting will also be filed on SEDAR.

Treasury Metals Inc. (TSX: TML) is a Canadian gold exploration and development company focused on its 100% owned Goliath Gold Project. The Project has access to first-rate infrastructure and is located near Dryden in northwestern Ontario. Treasury Metals is advancing Goliath through the Canadian permitting process for mining production at its open-pit gold mine and 2,500 tpd processing facility. Subsequent underground operations will be developed in the latter years of mine life. Established in 2008, Treasury Metals operates corporate headquarters in Toronto and a Project Office at the Goliath Gold Project. Treasury Metals is listed on the Toronto Stock Exchange under the trading symbol "TML" (TSX: TML). More information can be found on Treasury Metals Inc.'s website at www.treasurymetals.com.

SOURCE Treasury Metals Inc.