Copper Mountain Mining Corporation Report on Voting Results for the 2017 Annual General Meeting of Shareholders and Update on Operations
VANCOUVER, June 19, 2017 /CNW/ - As required by the Toronto Stock Exchange, the following sets forth the voting at the Annual General Meeting of the Shareholders of Copper Mountain Mining Corporation (TSX: CMMC) (the "Company" or "Copper Mountain") held on June 14, 2017 in Vancouver, British Columbia on the election of directors. A total of approximately 34,800,911 common shares (26.15% of the outstanding common shares) were represented in person or by proxy at the meeting.
The following seven nominees were elected as Directors of the Company to serve until the next annual meeting of the shareholders of the Company, or until the successors are elected or appointed, by the following votes:
| Name of Nominee |
Votes For |
Percent |
Votes Withheld |
Percent |
| James O'Rourke |
32,178,166 |
99.74 |
82,670 |
0.26 |
| Rodney Shier |
26,211,203 |
81.25 |
6,049,633 |
18.75 |
| John Tapics |
32,043,566 |
99.33 |
217,270 |
0.67 |
| Marin Katusa |
31,632,116 |
98.05 |
628,720 |
1.95 |
| Carl Renzoni |
32,057,066 |
99.37 |
203,770 |
0.63 |
| Al Cloke |
31,562,466 |
97.84 |
698,370 |
2.16 |
| Bruce Aunger |
31,628,935 |
98.04 |
631,901 |
1.96 |
PricewaterhouseCoopers LLP were re-appointed auditors of the Company with a 98.03 % vote of approval. The Advisory Vote on Executive Compensation was also passed with a 68.50% vote of approval.
During the Annual General Meeting, Mr. O'Rourke presented the Company's updated presentation and fielded questions. Mr. O'Rourke noted that the mill had successfully completed the planned major maintenance job in late April ahead of schedule and that the mill averaged 43,500 tpd throughput during the month of May. May production was reported as 7.2 million pounds of copper, 2,600 ounces of gold and 25,000 ounces of silver. Mr. O'Rourke indicated that mining activities also continued to operate well above plan and averaged 197,500 tpd moved during the month of May.
Mr. O'Rourke also provided an update on exploration activities that were announced in early May and are now well underway with two diamond drill rigs drilling at the mine. Mr. O'Rourke noted that the exploration program has a three-pronged approach: 1. Drilling in the Eastern end of Pit 2 to test the deeper mineralization, 2. Drilling the Western end of Pit 2 expanding the ultimate pit westward, and 3. Infill drilling of the saddle area South West of Pit 2. Mr. O'Rourke commented: "the mine provides a solid base for future growth for all stakeholders and exploration at the site has historically been very successful. With the strengthening copper price, the Company is very comfortable reinvesting in our large land package for future growth".
About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns 25% of the mine. The Copper Mountain mine has a large resource of copper that remains open laterally and at depth. This significant exploration potential will be explored over the next few years to fully appreciate the property's full development potential. Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Rod Shier"
Rod Shier, CPA,CA
Chief Financial Officer
Website: www.CuMtn.com Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statement.
SOURCE Copper Mountain Mining Corporation
Dan Gibbons, Investor Relations, 604-682-2992, ext. 238, Email: [email protected]; Rod Shier, Chief Financial Officer, 604-682-2992, ext.222, Email: [email protected]
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