MONTREAL, QC–(Marketwired – August 21, 2017) – Champion Iron Limited (ASX: CIA) (TSX: CIA) (“Champion” or the “Company”) advises that at an Annual General Meeting of the Company’s shareholders (the “Meeting”) which was held in Montreal, Quebec on August 18, 2017, the following resolutions were passed by the requisite majorities by a vote by way of show of hands and by ballot as follows:
| Resolution | Votes For |
Votes Against |
Votes Discretionary |
Votes Abstain |
Votes Excluded and Not Voted |
| 1. Approve the Remuneration Report | 182,048,737 (98.92%) |
190,104 (0.10%) |
1,693,500 (0.92%) |
97,547 (0.05%) |
49,615,064 (1) |
| 2. Appointment of Director –Michael O’Keeffe | 185,833,333 (99.07%) |
24,583 (0.02%) |
1,693,500 (0.90%) |
35,450 (0.02%) |
46,058,086 (2) |
| 3. Appointment of Director – Gary Lawler | 218,770,246 (99.19%) |
7,333 (0.00%) |
1,693,500 (0.77%) |
80,650 (0.04%) |
13,093,223 (2) |
| 4. Appointment of Director –Andrew Love | 217,850,246 (99.19%) |
7,333 (0.00%) |
1,693,500 (0.77%) |
80,650 (0.04%) |
14,013,223 (2) |
| 5. Appointment of Director –Michelle Cormier | 219,069,046 (99.19%) |
7,333 (0.00%) |
1,693,500 (0.77%) |
81,850 (0.04%) |
12,793,223 (3) |
| 6. Appointment of Director –Wayne Wouters | 219,063,246 (99.19%) |
12,333 (0.01%) |
1,693,500 (0.77%) |
82,650 (0.04%) |
12,793,223 (3) |
| 7. Approve the Issuance of Warrants | 218,953,572 (99.14%) |
98,875 (0.04%) |
1,693,500 (0.77%) |
105,782 (0.05%) |
12,793,223 (3) |
| 8. Approval of the annual non-executive Directors’ remuneration | 194,836,961 (98.95%) |
261,358 (0.13%) |
1,693,500 (0.86%) |
108,750 (0.06%) |
37,744,383 (4) |
| 9. Approval of Champion Iron Incentive Plan | 181,611,448 (98.90%) |
248,943 (0.14%) |
1,693,500 (0.92%) |
83,455 (0.05%) |
49,537,606 (1) |
| 10. Grant of options to Michelle Cormier | 182,070,688 (98.89%) |
245,562 (0.13%) |
1,693,500 (0.92%) |
97,596 (0.05%) |
49,537,606 (1) |
| Notes: | (1) Represents votes held directly or indirectly by members of Champion’s Board of Directors, Key Management Personnel plus 12,793,223 Not Voted. |
| (2) Represents votes held directly or indirectly by the named individual Director of Champion plus 12,793,223 Not Voted. | |
| (3) Represents 12,793,223 ordinary shares which were Not Voted. | |
| (4) Represents votes held directly or indirectly by members of Champion’s Board of Directors and Key Management Personnel. |
At the Meeting, the total ordinary shares represented in person or by proxy was 233,644,952 of the 387,084,339 issued and outstanding ordinary shares representing approximately 60.36%.
For further details visit the Company’s filings on SEDAR at www.sedar.com.
Jorge Estepa
Corporate Secretary (Canada)
About Champion
Champion is an iron development and exploration company, focused on developing its significant iron resources in the south end of Labrador Through in the province of Québec. Following the acquisition of its flagship asset, the Bloom Lake iron ore property, the Corporation’s main focus is to implement upgrades to the mine and processing infrastructure it now owns while also advancing projects associated with improving access to global iron markets, including rail and port infrastructure initiatives with government and other key industry and community stakeholders.
Champion’s management team includes professionals with mine development and operations expertise who also have vast experience from geotechnical work to green field development, brown field management including logistics development and financing of all stages in the mining industry.
Forward-Looking information
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. All statements, other than statements of historical facts, included in this news release that address the terms of the Offering, the satisfaction of the escrow release conditions, the use of proceeds, the listing of the Subscription Receipts and the Underlying Shares on the Toronto Stock Exchange and the quotation of the Underlying Shares on the Australian Securities Exchange, and the timing for closing of the Offering as well as future activities, events, developments or financial performance constitute forward-looking information. The use of any of the words “will”, “expect”, “anticipate”, “intend”, “believe”, “plan”, “potential”, “outlook”, “forecast”, “estimate” and similar expressions are intended to identify forward-looking information. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Champion’s preliminary short form prospectus relating to the Offering, annual information form, management’s discussion and analysis and other securities regulatory filings made by Champion on SEDAR (including under the heading “Risk Factors” therein). There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. All of Champion’s forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of Champion’s management and information available to management as at the date hereof. Champion disclaims any intention or obligation to update or revise any of its forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
For further information please contact:
Michael O’Keeffe
Executive Chairman and CEO
Tel: +1 (514) 316-4858
