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Cardinal Announces Results From Annual General Meeting

04.11.2019  |  GlobeNewswire

TORONTO, Nov. 04, 2019 - Cardinal Resources Ltd. (ASX / TSX: CDV) (“Cardinal” or “the Company”) is pleased to announce the results of the Company’s Annual General Meeting held today in Australia (the “Meeting”). At the Meeting, proxies representing 311,322,627 shares were received, representing approximately 76% of the shares eligible for voting at the Meeting as of the record date. With the exception of the special resolution requiring 75% majority to approve the 10% placement capacity under ASX Listing Rule 7.1A, all matters presented for approval at the Meeting by management of the Company were duly authorized and approved. The resolutions approved included the election of all management nominees to the board of directors of the Company (“Board”), that were due for election and the ratification of the Company's prior issue of shares.

Detailed voting results regarding the election of directors are as follows:

Name Outcome
of Vote
Shares Voted
For
Votes For
%
Shares
Withheld
Votes Withheld
%
Kevin Tomlinson Elected 250,751,146 80.65 % 60,151,440 19.35 %
Dr. Kenneth G. Thomas Elected 293,695,544 94.34 % 17,605,542 5.66 %
Trevor Schultz Elected 309,146,906 99.31 % 2,154,180 0.69 %

Archie Koimtsidis being the Managing Director was not required to be re-elected and Malik Easah and Michele Muscillo having been most recently elected as directors at the annual general meeting of shareholders of the Company held on October 31, 2018 and November 22, 2017 respectively were also not due for re-election at the Meeting and thus these directors remain on the Board.

In accordance with ASX Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act 2001 (Cth), the following information is provided to the Australian Securities Exchange in relation to resolutions passed by members of Cardinal Resources Ltd..

Resolution Decided
by a show
of hands
(S) or poll
(P)
Total number
of proxy
votes
exercisable by
proxies validly
appointed
Total number of proxy votes in respect of which the
appointments specified that: -
The proxy is
to vote for the
resolution
The proxy is
to vote
against the
resolution
The proxy is to
abstain/excluded
on the resolution
The proxy
may vote at
the proxy’s
discretion
1 S 311,322,627 248,997,099 60,151,440 420,041 1,754,047
2 S 311,322,627 291,941,497 17,605,542 21,541 1,754,047
3 S 311,322,627 307,392,859 2,154,180 21,541 1,754,047
4 S 311,322,627 260,988,253 21,960,182 26,874,325 1,754,047
5(1) - - - - - -
6 S 311,322,627 263,035,717 19,675,579 26,857,284 1,754,047
7 S 311,322,627 201,476,297 81,233,499 26,858,784 1,754,047
8 S 311,322,627 261,454,176 20,555,620 26,858,784 2,454,047
9 S 311,322,627 204,444,766 78,255,030 26,858,784 1,764,047
10 S 311,322,627 262,154,176 20,555,620 26,858,784 1,754,047
11 S 311,322,627 204,454,766 78,255,030 26,858,784 1,754,047
12 S 311,322,627 203,754,766 78,255,030 26,858,784 2,454,047
13 S 311,322,627 194,767,932 84,943,354 29,857,294 1,754,047

Note: Resolution numbers in this table refer to the resolution numbers in the Notice of Annual General Meeting dated September 20, 2019.
Note 1: Resolution 5 was withdrawn from the meeting.

Further details on the matters voted upon at the Meeting can be found in the Company’s Meeting materials, including the management information circular dated September 20, 2019, which are accessible under the Company's SEDAR profile at www.sedar.com. The Company has also filed a report of voting results on all resolutions voted on at the Meeting on SEDAR at www.sedar.com.

For further information contact:

Archie Koimtsidis Alec Rowlands
CEO / MD IR / Corp Dev
Cardinal Resources Ltd. Cardinal Resources Ltd.
P: +61 8 6558 0573 P: +1 647 256 1922


Andrew Rowell
Cannings Purple
E: arowell@canningspurple.com.au
P: +61 8 6314 6300

Disclaimer

This ASX / TSX press release has been prepared by Cardinal Resources Ltd. (ABN: 56 147 325 620) ("Cardinal" or the "Company"). Neither the ASX or the TSX, nor their regulation service providers accept responsibility for the adequacy or accuracy of this press release.

This press release contains summary information about Cardinal, its subsidiaries and their activities, which is current as at the date of this press release. The information in this press release is of a general nature and does not purport to be complete nor does it contain all the information, which a prospective investor may require in evaluating a possible investment in Cardinal.

By its very nature exploration for minerals is a high‐risk business and is not suitable for certain investors. Cardinal’s securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to Cardinal and of a general nature which may affect the future operating and financial performance of Cardinal and the value of an investment in Cardinal including but not limited to economic conditions, stock market fluctuations, gold price movements, regional infrastructure constraints, timing of approvals from relevant authorities, regulatory risks, operational risks and reliance on key personnel and foreign currency fluctuations.

Except for statutory liability which cannot be excluded and subject to applicable law, each of Cardinal’s officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this press release and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this Announcement or any error or omission here from. Except as required by applicable law, the Company is under no obligation to update any person regarding any inaccuracy, omission or change in information in this press release or any other information made available to a person nor any obligation to furnish the person with any further information. Recipients of this press release should make their own independent assessment and determination as to the Company’s prospects, its business, assets and liabilities as well as the matters covered in this press release.


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