VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 27, 2016) – Nevada Copper Corp. (TSX:NCU) (“Nevada Copper” or “Company”) is pleased to announce the results from its 2016 Annual and Special Meeting (the “Meeting”), held on Friday, May 27th in Vancouver, B.C. Shareholders holding a total of 55,738,326 common shares of the Company attended the meeting in person or were represented by proxy, representing 69% of the total 80,501,458 common shares of the Company outstanding as of the record date. Shareholders voted in favour of all items of business before the Meeting, including the appointment of auditors, the election of all directors and the Pala Convertible Facility.
1. Appointment of Auditor
Smyth LLP was appointed as the Company’s auditor and the directors were authorized to fix the auditor’s remuneration.
2. Determination of the Number of Directors
The number of directors was determined at nine.
3. Election of Directors
The following persons were elected as Directors of the Company until the next annual shareholder meeting of the Company, with the voting results shown below:
| Director | Votes For | % For | Votes Against | % Against |
| Giulio Bonifacio | 52,076,966 | 99.76 | 126,800 | 0.24 |
| Victor Bradley | 52,076,966 | 99.76 | 126,800 | 0.24 |
| Michael Brown | 52,075,966 | 99.76 | 127,800 | 0.24 |
| Lucio Genovese | 52,077,166 | 99.76 | 126,600 | 0.24 |
| Stephen Gill | 52,077,166 | 99.76 | 126,600 | 0.24 |
| Joseph Giuffre | 52,076,966 | 99.76 | 126,800 | 0.24 |
| Evgenij Iorich | 52,076,666 | 99.76 | 127,100 | 0.24 |
| Paul Matysek | 52,075,466 | 99.75 | 128,300 | 0.25 |
| Bill Myckatyn | 52,075,466 | 99.75 | 128,300 | 0.25 |
4. Pala Convertible Facility
An ordinary resolution to approve the convertible credit facility with Pala Investments Ltd. (“Pala”), as announced in the Company’s news release of April 22, 2016, was passed. The ordinary resolution was approved by the shareholders of the Company other than Pala and its affiliates, with the following results:
Disinterested Shareholder Vote Summary
| Votes For |
Votes Against |
Votes Withheld |
Total Shares Voted | |
| Shares Voted | 11,731,575 | 183,050 | 0 | 11,914,625 |
| % | 98.5% | 1.5% | 0% | 100% |
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
VP, Investor Relations & Communications
Phone: 604-683-8266
Toll free: 1-877-648-8266
Email: [email protected]
Robert McKnight, P.Eng., MBA
Executive Vice President & CFO
Phone 604-683-1309
Email: [email protected]
