Advertisement
Canada markets open in 2 minutes

  • S&P/TSX

    21,740.20
    -159.79 (-0.73%)
     

  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     

  • DOW

    37,735.11
    -248.13 (-0.65%)
     

  • CAD/USD

    0.7234
    -0.0019 (-0.27%)
     

  • CRUDE OIL

    85.24
    -0.17 (-0.20%)
     

  • Bitcoin CAD

    87,344.16
    -4,139.37 (-4.52%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,390.00
    +7.00 (+0.29%)
     

  • RUSSELL 2000

    1,975.71
    -27.47 (-1.37%)
     

  • 10-Yr Bond

    4.6630
    +0.0350 (+0.76%)
     

  • NASDAQ futures

    17,878.25
    +2.00 (+0.01%)
     

  • VOLATILITY

    18.70
    -0.53 (-2.76%)
     

  • FTSE

    7,848.69
    -116.84 (-1.47%)
     

  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     

  • CAD/EUR

    0.6801
    -0.0023 (-0.34%)
     
BREAKING:

INFLATION IN CANADA UP SLIGHTLY TO 2.9% IN MARCH

On a seasonally adjusted monthly basis, the CPI increased 0.3% last month, says StatCan

Ivanhoe Mines Announces Results of Voting for the Election of Directors

Newsfile Corp.

Shareholders also overwhelmingly approve CITIC Metal Africa's additional C$612 million (US$464 million) investment in Ivanhoe Mines

Vancouver, British Columbia--(Newsfile Corp. - June 28, 2019) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company's Annual and Special Meeting held earlier today. The nominees listed in the management proxy circular dated May 16, 2019, were elected as directors, as shown in the following table of results.


Director nominee

Outcome

Votes for

% for

Votes withheld

% withheld

Robert M. Friedland

Elected

779,270,671

98.31

13,427,419

1.69

Yufeng (Miles) Sun

Elected

777,134,193

98.04

15,563,897

1.96

Egizio Bianchini

Elected

777,271,791

98.05

15,426,299

1.95

Tadeu Carneiro

Elected

779,261,113

98.30

13,436,977

1.70

Jinghe Chen

Elected

792,281,390

99.95

416,700

0.05

William B. Hayden

Elected

789,205,896

99.56

3,492,194

0.44

Livia Mahler

Elected

788,497,200

99.47

4,200,890

0.53

Peter G. Meredith

Elected

776,266,373

97.93

16,431,717

2.07

Kgalema P. Motlanthe

Elected

781,215,274

98.55

11,482,816

1.45

Guy J. de Selliers

Elected

777,236,656

98.05

15,461,434

1.95

Shareholders also voted 99.93% in favour of passing the ordinary resolution approving the issuance of 153,821,507 Class A shares to CITIC Metal Africa Investments Limited under the terms of a Subscription Agreement dated April 25, 2019 between Ivanhoe and CITIC Metal Africa, a direct subsidiary of CITIC Metal Co., Ltd., whereby CITIC Metal Africa has agreed to invest an additional C$612 million (approximately US$464 million) in Ivanhoe Mines at C$3.98 per share. The CITIC Metal Africa investment has received CITIC Metal's internal approvals and is expected to close no later than September 7, 2019.

ADVERTISEMENT

Details of votes on all matters of business considered at the Annual and Special Meeting will be available in the company's report of voting results on SEDAR (www.sedar.com).

Information contacts

Investors
Bill Trenaman +1.604.331.9834

Media
Kimberly Lim +1.778.996.8510

Website www.ivanhoemines.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45979