Ascendant Resources Announces Results of Annual General Meeting of Shareholders
In This Article:
TORONTO, ON / ACCESSWIRE / June 13, 2024 / Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASND) ("Ascendant" or the "Company") is pleased to announce the voting resultsof the Company's 2024 Annual General Shareholders' Meeting (the "Meeting") held on June 13, 2024, in Toronto, Ontario.
A total of 51,497,589 common shares were voted at the Meeting, representing 27.59% of the votes attached to all outstanding common shares of the Company. All matterspresented for shareholder approval at the Meeting were duly authorized and approved as follows:
Number of Directors to be Elected
On a vote by a show of hands, the resolution to set the number of directors to be elected at the meeting at six (6) was approved. The following favourable votes were cast by proxy:
| Total Votes | % of Votes Cast | |
| Votes in Favour | 51,217,885 | 99.46% |
| Total Votes Cast | 51,497,589 | 100% |
Election of Directors
The shareholders elected each of the seven nominees listed in the Company's Management Proxy Circular. Details of the voting results are as follows:
| Name | Votes in Favour | % | Votes Withheld | % |
| Mark Brennan | 50,021,594 | 99.07% | 471,462 | 0.93% |
| Robert Campbell | 50,366,186 | 99.75% | 126,870 | 0.25% |
| Christopher Jones | 50,366,186 | 99.75% | 126,870 | 0.25% |
| Kurt Menchen | 50,366,186 | 99.75% | 126,870 | 0.25% |
| Rui Botica Santos | 50,366,186 | 99.75% | 126,871 | 0.25% |
| Robert Sellars | 50,366,186 | 99.75% | 126,870 | 0.25% |
Appointment of Auditors
KPMG LLP was appointed auditor of the Corporation and the directors of the Corporation were authorized to fix the auditor's remuneration. Details of the voting results are as follows:
| Total Votes | % of Votes Cast | |
| Votes in Favour | 51,278,483 | 99.57% |
| Votes Withheld | 219,106 | 0.43% |
| Total Votes Cast | 51,497,589 | 100% |
The Company also wishes to announce that Stephen Shefsky did not stand for re-election to the Board of Directors of Ascendant Resources. Mr. Shefsky was a co-founder of the Company as well as the Lead Director, serving on the Audit and Corporate Governance committees. Management and the Board wish to express their sincere gratitude to Mr. Shefsky for all his contributions to the Company and wish him the best in future endeavours.
About Ascendant Resources Inc.
Ascendant Resources is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession.