Arizona Sonoran Announces Annual and Special Meeting Results
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CASA GRANDE, Ariz. & TORONTO, September 17, 2024--(BUSINESS WIRE)--Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) ("ASCU" or the "Company"), an emerging US-based copper developer and near-term producer, today announces the voting results from its annual and special meeting (the "Meeting"), held earlier today. A total of 76,531,243 common shares were voted at the meeting representing 69.92% of the issued and outstanding shares. Shareholders voted in favour of the business before the Meeting, being (i) the reappointment of PricewaterhouseCoopers LLP as auditors of the Company, (ii) the approval of the equity compensation plan, (iii) the advanced notice policy, and (iv) the election of all director nominees, all as outlined in the Company’s management information circular dated July 29, 2024 (the "Circular"). The Directors were voted by ballot, as best practice for TSX-listed companies. The results of the ballot are detailed in the table below.
| Director | Votes in Favour | Votes Withheld | ||
| Percentage | Number | Percentage | Number | |
| David Laing | 99.731% | 73,526,765 | 0.269% | 197,996 |
| George Ogilvie | 99.711% | 73,511,918 | 0.289% | 212,843 |
| Isabella Bertani | 99.507% | 73,361,161 | 0.493% | 363,600 |
| Alan Edwards | 99.919% | 73,665,031 | 0.081% | 59,730 |
| Mark Palmer | 99.159% | 73,104,434 | 0.841% | 620,327 |
| Sarah Strunk | 99.905% | 73,655,045 | 0.095% | 69,716 |
The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile. A copy of the Circular containing the particulars of the matters voted upon at the Meeting is available on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.
About Arizona Sonoran Copper Company (www.arizonasonoran.com)
ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company's principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company’s 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.