08:27:16 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Indico Resources Ltd
Symbol IDI
Shares Issued 147,003,489
Close 2015-11-18 C$ 0.06
Market Cap C$ 8,820,209
Recent Sedar Documents

Indico holders approve all resolutions at AGM

2015-11-25 12:02 ET - News Release

Mr. Robert Baxter reports

INDICO ANNOUNCES RESULTS OF 2015 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

All formal business as set out in Indico Resources Ltd.'s information circular of its annual general and special meeting held on Nov. 24, 2015, was tabled and approved.

All of the proposed nominees were re-elected as directors of Indico to serve until the next annual meeting of shareholders. The directors of the company are Robert Baxter, Hendrik van Alphen, Luis Alva, Tareq Damerji, Brian Kerzner, Robert Parsons, David Savage, Asgari Stephens and Markus Willi. Shareholders at the meeting also approved the reappointment of Indico's auditors, Smythe Ratcliffe LLP, and approved the continuation of the company's 10-per-cent rolling stock option plan.

In addition, the shareholders voted in favour of the resolution approving the adoption of new articles of the company to include advance notice provisions and further amendments, as detailed in the information circular prepared for the meeting. Among other things, the advance notice provisions are designed to: facilitate orderly and efficient annual general or, where the need arises, special meetings; ensure that all shareholders receive adequate notice of all director nominations and sufficient information with respect to all nominees; and allow shareholders to register an informed vote. The advance notice provision is the framework by which the company seeks to fix a deadline by which holders of record of common shares of Indico must submit director nominations to the company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the company for the notice to be in proper written form.

The full text of the advance notice provisions is set out in Schedule B to the information circular mailed out for the meeting, which was filed under Indico's profile on SEDAR.

The new articles of the company will also be filed under Indico's profile on SEDAR.

A total of 75,374,079 shares were voted, representing 51.27 per cent of Indico's issued and outstanding shares as of Oct. 13, 2015 (the record date for the meeting).

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