Mr. John Lee reports
PROPHECY SHAREHOLDERS PASS ALL RESOLUTIONS AT 2018 AGM
All proposed resolutions were approved at Prophecy Development Corp.'s annual general meeting of shareholders held on June 20, 2018, in
Vancouver, B.C. The number of
directors was set at four, and all director nominees, as listed in the
management information circular dated May 8, 2018, were elected as directors of the company at the meeting
to serve until the next annual general meeting. According to the proxies
received and shares voted in person at the meeting, the results were as
set out in the attached table.
VOTING RESULTS FOR ELECTION OF DIRECTORS
Director Votes for (1) (2) Votes withheld (1) (2)
John Lee 97.02% 2.98%
Greg Hall 99.36% 0.64%
Harald Batista 98.07% 1.93%
Masa Igata 97.85% 2.15%
Notes:
(1) There were 318,207 non-votes reported by the
scrutineer of the meeting in respect of the motion.
(2) The percentages reported in this news release
are calculated on the votes cast in person and by
proxy at the meeting, which total 799,230 with
respect to the motion.
Davidson & Company LLP, chartered accountant, has been appointed as
auditor of the company again, for the ensuing year, and the directors
have been authorized to fix its remuneration.
An ordinary resolution of shareholders was approved with respect to the
split of the company's issued and outstanding common shares on a 10-for-one basis, if and when determined by the company's board of directors
prior to the next general meeting of shareholders, subject to the
approval of the Toronto Stock Exchange.
Voting results for all resolutions noted herein are reported in the
report on voting results as filed under the company's SEDAR profile on
June 20, 2018.
About Prophecy Development Corp.
Prophecy's main objective is to develop the
Gibellini primary vanadium mining project in the Battle Mountain region
in northeastern Nevada to production.
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