TMAC Resources’ Shareholders Elect All Nine Nominees To The Board of Directors
TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) held its annual and special meeting of shareholders in Toronto yesterday and announces the results of voting. A total of 67,981,829 shares (approximately 81% of the 84,008,248 common shares outstanding at May 8, 2017) were represented, in person or by proxy, demonstrating strong support for the election of its nominees as directors.
The shareholders appointed the nine board members (six of whom are independent), with shares represented at the meeting voting in favour of the individual directors as follows:
| Director | Voted (#) | Voted (%) | Withheld | Withheld (%) | ||||
| Andrew B. Adams | 67,655,402 | 99.94 | 42,164 | 0.06 | ||||
| Leona Aglukkaq | 67,696,102 | 100.00 | 1,464 | 0.00 | ||||
| João P. S. Carrêlo | 67,696,302 | 100.00 | 1,264 | 0.00 | ||||
| Franklin L. Davis | 67,696,162 | 100.00 | 1,404 | 0.00 | ||||
| E. Randall Engel | 67,696,402 | 100.00 | 1,164 | 0.00 | ||||
| David R. Faley | 67,696,362 | 100.00 | 1,204 | 0.00 | ||||
| Catharine E. G. Farrow | 67,696,162 | 100.00 | 1,404 | 0.00 | ||||
| John W. Lydall | 67,484,802 | 99.69 | 212,764 | 0.31 | ||||
| A. Terrance MacGibbon | 67,992,202 | 98.96 | 705,364 | 1.04 |
At the meeting, shareholders also approved the appointment of KPMG LLP, Chartered Accountants, as auditors of the Company and the adoption of a new long-term incentive plan (“New Incentive Plan”). Since the New Incentive Plan was approved, the Company now has three long-term incentive plans: the New Incentive Plan, the existing stock option plan (the “Option Plan”) and the restricted share unit plan (the “Restricted Share Plan”). The Company will not issue further stock options under the Option Plan and the Option Plan will be terminated once all outstanding stock options are exercised or have expired. However, both the New Incentive Plan and the Restricted Share Plan will be available to the Compensation Committee of the Company as the latter is settled in shares and, therefore, provides the committee with additional flexibility in terms of granting awards.
The formal report on voting results with respect to all matters was filed on SEDAR at www.sedar.com.
ABOUT TMAC RESOURCES
TMAC holds a 100% interest in the Hope Bay Project located in Nunavut, Canada. TMAC is a fully financed, emerging gold producer with the Doris Mine pouring first gold in the first quarter of 2017 and achieving commercial production in the second quarter of 2017. The Madrid and Boston properties are expected to commence production in 2020 and 2022, respectively. The Company has an experienced, expert board of directors combined with exploration, development and operating teams with extensive track records of discovering, developing and operating high grade, profitable underground mines. TMAC’s shares trade on the Toronto Stock Exchange under the trading symbol TMR.
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Contact
TMAC Resources Inc.
Catharine Farrow, 416-628-0216
Chief Executive Officer
or
Ann Wilkinson, 416-628-0216
Vice President, Investor Relations
www.tmacresources.com
or
Renmark Financial Communications Inc.
Daniel Gordon, 416-644-2020 or 514-939-3989
dgordon@renmarkfinancial.com
www.renmarkfinancial.com