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
Appointment of KPMG LLP as auditor of the corporation for the ensuing
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||
|D. Scott Barr||
|Thomas C. Dawson||
|Richard C. Kraus||
|Jay S. Layman||
|John W. Sabine||
|Rudi P. Fronk||
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
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'sNorthwest 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.