TORONTO, June 25, 2014 /CNW/ - Seabridge Gold today provided the results of its annual general meeting of shareholders held on June 24, 2014. A total of 36,970.318 common shares were voted at the meeting, representing 81.11% of the issued and outstanding common shares of the corporation. All matters presented for approval at the meeting were duly authorized and approved, as follows:
- Election of all management nominees to the board of directors of the corporation;
- Appointment of KPMG LLP as auditor of the corporation for the ensuing year;
- Authorization of the directors to fix the auditors remuneration;
- Approval of certain option grants to directors of the Corporation, including a grant to a new director.
- Approval of the Restricted Share Unit Plan of the Corporation and grants under such Plan.
Detailed voting results for the election of directors were as follows:
|Director||Votes For||Votes Withheld||Percentage For||Percentage Withheld|
|A. Frederick Banfield||21,615,094||3,832,793||84.94%||15.06%|
|D. Scott Barr||25,196,586||251,301||99.01%||0.99%|
|Thomas C. Dawson||25,290,775||157,111||99.38%||0.62%|
|Richard C. Kraus||25,243,614||204,272||99.20%||0.80%|
|Jay S. Layman||25,063,893||383,993||98.49%||1.51%|
|John W. Sabine||25,249,702||198,184||99.22%||0.78%|
|Rudi P. Fronk||25,093,700||354,187||98.61%||1.39%|
A total of 11,522,432 shares were "non-votes" under U.S. proxy rules and were not cast with respect to the election of each of the directors.
Of the eight above-listed directors, seven were re-elected to the Board. The new director, John W. Sabine, is one of Canada's best known mining attorneys with over 40 years of legal expertise in mining, corporate reorganizations, securities, financings, and mergers and acquisitions. He has also served as a director of a number of successful public resource companies.
Commenting on the Seabridge Board, Chairman and CEO Rudi Fronk noted that "the Company has now added four new directors in the past three years, all of whom have extensive experience in the mining industry. John Sabine brings to the Board considerable depth of experience in the execution of major mining transactions such as joint ventures, acquisitions and divestitures. With our stated goal of transitioning KSM from a 100% owned asset to a joint venture with a major mining company, his experience will be invaluable."
Retiring at this year's annual meeting was Louis J. Fox who had served the Company as a Director since 1999. "For the past fourteen plus years, Louis has served Seabridge's shareholders well. On behalf of the Board and all of our shareholders, I would like to thank Louis for his dedication and contribution to the Company. I am pleased to note that Louis has agreed to continue in a consulting role," said Mr. Fronk
Seabridge holds a 100% interest in several North American gold projects. The Company's principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at http://www.seabridgegold.net/resources.php.
ON BEHALF OF THE BOARD
Chairman & C.E.O.
SOURCE: Seabridge Gold Inc.
For further information:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: [email protected]