The resolutions put forth to the shareholders follow. All resolutions required 50% plus 1 of the voted shares to be "in favour" to pass except for the share consolidation resolution, which required 66.67% of the shares to be "in favour" to pass. The number presented after each item represents the percentage of votes in favour of the resolution.
John P. Sanderson, Hadyn Butler, Richard Schlerand Quentin Yariewere re-appointed to the Board of Directors. (greater than 93%) 2. MNP LLPwas appointed as the Company's auditors for the December 31, 2014year end. The directors are authorized to fix their remuneration. (greater than 97%) 3. The Company's stock option plan, which complies with the policies of the TSX Venture Exchange, was re-approved. (greater than 93%) 4. Share issuance in lieu of cash remuneration to directors and officers was approved. (greater than 93%) 5. A potential share consolidation on a five for one, four for one, three for one or two for one basis was approved to be completed, if at all, at the Board of Directors discretion. (greater than 82%) 6. The Company's shareholder rights plan was re-approved. (greater than 97%)
Board of Directors' Meeting
Immediately following the
John Sandersonas Chairman of the Board of Directors -- Richard Schleras Chief Executive Officer -- Quentin Yarieas President and Chief Operating Officer -- Peter Liabotisas Chief Financial Officer and Corporate Secretary
For more information, please visit our website at www.macdonaldmines.com.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
MacDonald Mines Exploration Ltd. Quentin YariePresident & COO (416) 364-4986 email@example.com MacDonald Mines Exploration Ltd. Mia BoiridyInvestor Relations (416) 364-4986 firstname.lastname@example.org Source: MacDonald Mines Exploration Ltd.