Midnight Sun Mining Corp.’s shareholders have approved the previously announced earn-in and joint venture agreement with Rio Tinto Mining and Exploration Ltd. (see news release dated April 27, 2020, for more information).
Shareholder approval of Rio Tinto agreement
At Midnight Sun’s annual general and special meeting of shareholders (the “Meeting”) held on September 14, 2020 at Vancouver, British Columbia, the Company’s shareholders voted overwhelmingly in support of the resolution approving the earn-in and joint venture agreement with Rio Tinto. Of the 27,042,013 shares voted at the meeting, 99.83% voted in favour of the resolution.
Al Fabbro, Interim President and Chief Executive Officer, stated, “We are excited to have received strong shareholder support for our agreement with Rio Tinto. I maintain my belief this is the best path to create significant value for Midnight Sun shareholders.”
ANNUAL GENERAL AND SPECIAL MEETING RESULTS
The Company also reports all resolutions set out in the Company’s Notice of Meeting and Information Circular, both dated August 14, 2020, passed at the Meeting.
Number of Directors
Shareholders approved setting the number of directors at five.
All nominated directors were elected to serve on the board of Midnight Sun. Youwei (Tom) Ye did not stand for re-election and the Company thanks him for his valuable service as a director.
Appointment of Auditors
Davidson & Co. LLP Chartered Professional Accountants were re-appointed as auditors of the Company for the ensuing year at the remuneration to be fixed by the directors.
Stock Option Plan
Shareholders ratified and approved the continuation of the Company’s 10% rolling Stock Option Plan.
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