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NR1703

06/21/2017

CALGARY, Alberta, Canada (Marketwired – June 21, 2017) – New Millennium Iron Corp. (“NML” or the “Company”) (TSX:NML) announced today the results of the Annual General Meeting of the shareholders of NML held on June 21, 2017 (the “Meeting”). 32 Shareholders holding a total of 77,193,141 common shares of the Company were represented at the Meeting in person or proxy, representing approximately 42.64% of the total votes attached to all issued and outstanding common shares of the Company as of the record date on May 15, 2017.  Voting on all matters at the Meeting was conducted by ballot other than the re-appointment of the auditors which was conduct by a show of hands.

In respect of the election of directors, management had seven nominees being considered for election with two additional nominees being put forth at the Meeting by Mr. Dean Journeaux, a shareholder of the Company, who on May 8, 2017, provided a notice of nominations of directors to the Company in accordance with the Company’s advance notice bylaw (see NR 17-02 dated May 18, 2017).  Mr. Journeaux nominated himself and Robert Martin for election to the Board of Directors.  Accordingly, there were nine nominees being considered for election for seven director positions.  At the Meeting, six of the management nominees were elected, being Sandip Biswas, Dibyendu Bose, Chanakya Chaudhary, Mario Caron, W. Scott Leckie and Daniel P. Owen, along with Dean Journeaux. The votes cast by shareholders present in person or represented by proxy at the Meeting for the election of directors were as follows:  

    

VOTES FOR

VOTES WITHHELD

Sandip Biswas

93.33%
(69,859,137)

6.67%
(4,990,643)

Dibyendu Bose

93.34%
(69,861,637)

6.66%
(4,988,143)

Chanakya Chaudhary

93.33%
(69,859,137)

6.67%
(4,990,643)

Kevin Bullock

87.84%
(22,274,416)

12.16%
(3,082,318)

Mario Caron

95.59%
(71,547,357)

4.41%
(3,302,423)

W. Scott Leckie

94.65%
(68,857,269)

5.35%
(3,892,206)

Daniel P. Owen

95.87%
(69,748,419)

4.13%
(3,001,056)

Dean Journeaux

 

100%
(49,503,213)

0.00%
(0)

Robert Martin

100%
(2,100,305)

0.00%
0

At the Meeting, the shareholders also approved a resolution re-appointing Raymond Chabot Grant Thornton LLP, Partnership of Chartered Professional Accountants, Montreal, Quebec, as auditors of the Company.  

Prior to the Meeting, Mr. Howard Lutley, a Board member since October 2015 and Chairman since May 2016, had announced that he would not be standing for re-election.  NML’s Board and management took the opportunity to recognize and thank Mr. Lutley for his leadership during a period of significant transition for the Company.

The Board also expressed its thanks to Mr. Kevin Bullock, an independent director since August 2015, for his contributions to the Company and its governance at various levels. 


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