VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/26/16 -- Kaminak Gold Corporation (TSX VENTURE: KAM) is pleased to announce the voting results of the Company's Annual General Meeting held on May 25, 2016 in Vancouver, British Columbia. Shareholders voted to re-elect the Company's seven member Board of Directors (the "Board") as well as to approve Kaminak's Amended and Restated Option Plan, a Restricted Share Unit Plan and a Deferred Share Unit Plan with 49.17% of shares outstanding represented at the meeting.
A summary of voting results relating to the re-election of the Company's Board can be found below.
Votes Name Votes "For" % For Withheld % Withheld Ms. Eira M. Thomas 82,500,964 99.87% 106,202 0.13% Mr. John Robins 82,462,624 99.82% 144,542 0.18% Mr. James Paterson 55,635,924 67.33% 26,971,242 32.67% Mr. D. Bruce McLeod 58,006,952 70.2% 24,600,214 29.80% Mr. Richard Hall 58,011,552 70.21% 24,595,614 29.79% Mr. Bradley Blacketor 82,478,834 99.84% 128,332 0.16% Mr. Richard Williams 82,448,009 99.81% 159,157 0.19%
In addition, Kaminak shareholders also voted in favour of ratifying and approving:
-- Davidson & Company LLP as the Company's auditors with 84,326,582
(99.88%) total votes cast "For" and 103,405 (0.12%) total votes
"Withheld";
-- the Company's three share-based compensation plans whereby the Company
is authorized to grant a maximum of 10% of its issued and outstanding
common shares at the time of grant amongst the three plans (a total of
3,339,819 common shares held by directors, officers and their associates
were excluded from the following vote totals):
-- Amended and Restated Option Plan (the "Option Plan") with 52,335,287
(66.00%) total votes cast "For" and 26,932,060 (34.00%) total votes
"Against";
-- the Restricted Share Unit Plan ("RSU") with 78,352,886 (98.85%)
total votes cast "For" and 914,461 (1.15.00%) total votes "Against";
and,
-- the Deferred Share Unit Plan ("DSU") with 78,354,816 (98.85%) total
votes cast "For" and 912,531 (1.15%) total votes "Against".
Kaminak's Board would like to thank the Company's shareholders for their continued support.
On behalf of the Board of Directors of Kaminak
Eira Thomas, President and CEO
Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com.
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.
Contacts:
Kaminak Gold Corporation
Tony Reda
Vice-President of Corporate Development
Toll free 1.844.646.4520 or directly at 604.646.4534
info@kaminak.com
