TORONTO, Sept. 03, 2020 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to report the voting results of the Annual and Special Meeting of Shareholders (the “Meeting”) held today, September 3, 2020. Shareholders voted in favour of the election of all director nominees. The percentage of votes cast for each director is as follows:
|Directors||% of Votes For||% of Votes Withheld||Outcome|
The shareholders voted in favour of all matters brought before the Meeting. The results of the other matters considered at the Meeting including the appointment of auditors, re-approval of the Company’s Stock Option Plan and Amendment to the Company’s Share Award Plan are reported in the Report of Voting Results as filed on SEDAR on September 3, 2020.
A video presentation update from Mr. Alan Coutts, President and CEO of the Company, is available on the Company’s YouTube page.
The Amendment to the Share Award Plan increased the number of Common Shares made available as Awards under the Share Award Plan by 6,000,000 Common Shares, to a maximum of 10,000,000 Commons Shares, representing 2.14% of the issued and outstanding Commons Shares as of the Record Date. The Amendment to the Share Award Plan received disinterested shareholder approval, meaning Common Shares held by directors and officers and other insiders to whom awards may be granted under the Share Award Plan (as well as their respective affiliates and associates) were excluded from voting on the approval of the amendment.
About Noront Resources
Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information please contact:
416-367-1444 ext. 117