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Sierra Metals Inc
Symbol SMT
Shares Issued 162,810,553
Close 2020-06-30 C$ 1.75
Recent Sedar Documents

Sierra Metals shareholders elect eight directors

2020-06-30 17:26 ET - News Release

Mr. Luis Marchese reports

SIERRA METALS ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Sierra Metals Inc. has released the voting results from its annual general and special meeting of shareholders held on Tuesday, June 30, 2020.

A total of 123,752,697 common shares were represented at the meeting, being 76.01 per cent of the company's issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting, including the reappointment of PricewaterhouseCoopers as auditor for the ensuing year and the election of management's nominees as directors.

Detailed results of the votes on the election of directors are shown in the accompanying table.

Director                                   Votes for            Votes withheld       Outcome of vote

J. Alberto Arias                  86,380,332 (79.12%)       22,802,828 (20.88%)             Approved
Steven G. Dean                    93,809,131 (85.92%)       15,374,029 (14.08%)             Approved
Douglas F. Cater                  95,000,604 (87.01%)       14,182,556 (12.99%)             Approved
Ricardo Arrarte                  107,061,067 (98.06%)         2,122,093 (1.94%)             Approved
Luis Marchese                    107,076,367 (98.07%)         2,106,793 (1.93%)             Approved
Dionisio Romero                   95,000,604 (87.01%)       14,182,556 (12.99%)             Approved
Jose Vizquerra Benavides         109,174,693 (99.99%)             8,467 (0.01%)             Approved
Koko Yamamoto                    101,746,394 (93.19%)         7,436,766 (6.81%)             Approved

In addition, the following resolutions were approved at the meeting: (1) the approval of all unallocated options under the company's stock option plan; and (2) the approval of all unallocated restricted share units under the company's restricted share unit plan, all as further detailed in the management information circular of the company dated May 25, 2020 (a copy of which is available under the company's profile on SEDAR).

About Sierra Metals Inc.

Sierra Metals is a Canadian-based growing polymetallic mining company with production from its Yauricocha mine in Peru and its Bolivar and Cusi mines in Mexico. The company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new discoveries and still has additional brownfield exploration opportunities at all three mines in Peru and Mexico that are within or proximal to the existing mines. Additionally, the company has large land packages at all three mines with several prospective regional targets, providing longer-term exploration upside and mineral resource growth potential.

We seek Safe Harbor.

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