Advertisement
Canada markets closed

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7257
    -0.0006 (-0.09%)
     

  • CRUDE OIL

    82.47
    -0.26 (-0.31%)
     

  • Bitcoin CAD

    87,002.85
    +2,591.48 (+3.07%)
     

  • CMC Crypto 200

    1,302.39
    +416.85 (+46.60%)
     

  • GOLD FUTURES

    2,391.10
    -6.90 (-0.29%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,457.50
    -89.75 (-0.51%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    37,407.78
    -671.92 (-1.77%)
     

  • CAD/EUR

    0.6820
    -0.0001 (-0.01%)
     

SEMAFO Announces Re-Election of Directors

Marketwired

MONTREAL, QUEBEC--(Marketwired - May 5, 2017) - SEMAFO (SMF.TO)(SMF.ST) announces that at its Annual General Meeting of Shareholders held on May 4, 2017, all directors nominated in the 2017 management proxy circular were re-elected. A total of 238,039,880 common shares or 73.27% of our issued and outstanding common shares were represented in person or by proxy at the meeting.

Detailed results are as follows:

Nominee

Votes for

% of
Votes for

Votes
Withheld

% of Votes
Withheld

Terence F. Bowles

235,641,125

99.95

123,808

0.05

Benoit Desormeaux

234,588,600

99.50

1,176,472

0.50

Flore Konan

224,349,365

95.16

11,415,707

4.84

Jean Lamarre

214,876,692

91.14

20,888,380

8.86

John LeBoutillier

205,832,392

87.30

29,932,680

12.70

Gilles Masson

232,650,458

98.68

3,114,614

1.32

Lawrence McBrearty

233,164,203

98.90

2,600,869

1.10

Tertius Zongo

224,927,466

95.40

10,837,606

4.60

The proposal to appoint PricewaterhouseCoopers LLP as auditors was approved:

For:

97.57%

Withheld:

2.43%

A resolution amending and restating SEMAFO's Shareholder Rights Plan was approved:

For:

94.41%

Against:

5.59%

Additionally, the resolution to adopt By-law No. 2017-1 was approved:

For:

99.89%

Against:

0.11%

Finally, an advisory resolution on the Corporation's approach to executive compensation was approved.

For:

98.29%

Against:

1.71%

About SEMAFO

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently owns and operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou deposit, and is targeting production start-up of the Boungou Mine in the second half of 2018. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.

The information in this release is subject to the disclosure requirements of SEMAFO under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on May 5, 2017 at 2:30 p.m., Eastern Daylight Time.