VANCOUVER, British Columbia -- (Business Wire)
Prophecy Development Corp. (“Prophecy” or the “Company”)
(TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased
to announce that all proposed resolutions were approved at the Company’s
Annual General Meeting of shareholders held on June 20, 2018 in
Vancouver, British Columbia (the “Meeting”). The number of
directors was set at four and all director nominees, as listed in the
Management Information Circular dated May 8, 2018 (the “Information
Circular”), 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
follows:
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 above 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 above motion.
Davidson & Company LLP, Chartered Accountants have been appointed as
auditors of the Company again, for the ensuing year and the directors
have been authorized to fix their remuneration.
An ordinary resolution of shareholders was approved with respect to the
split of the Company’s issued and outstanding Common shares on a 1 for
10 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 above are reported in the
Report on Voting Results as filed under the Company’s SEDAR profile on
June 20, 2018.
About Prophecy
Prophecy Development Corp. is a Canadian public company listed on the
Toronto Stock Exchange. Prophecy's main objective is to develop the
Gibellini primary vanadium mining project in the Battle Mountain region
in northeastern Nevada to production. Further information on Prophecy
can be found at www.prophecydev.com.
PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD
“JOHN LEE”
Executive Chairman
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Toronto Stock
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180620006341/en/
Contacts:
Prophecy Development Corp.
Investor Relations:
Bekzod Kasimov,
+1-888-513-6286
ir@prophecydev.com
or
Danniel
Oosterman
ir@prophecydev.com
www.prophecydev.com
Source: Prophecy Development Corp.
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