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Silver Bear Provides Shareholder Meeting Results

Silver Bear Resources Plc
·3-min read

TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) announces the voting results of its annual general and special meeting (the “Meeting”) held today in Moscow, Russia. A total of 591,702,964 ordinary shares were voted in connection with the Meeting, representing approximately 87.9% of the issued and outstanding ordinary shares of the Company eligible to vote at the Meeting. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedar.com.

Matter Voted On

Votes FOR

Votes
WITHHELD / AGAINST

Non-Votes

Number

%

Number

%

All resolutions were passed unanimously on a show of hands.

Proxies were lodged for the resolutions as follows:

Ordinary Resolution 1 – Receiving the Financial Statements of the Corporation

586,957,905

99.99

40,110

0.01

4,704,949

Ordinary Resolution 2 – Appointing Auditors

591,644,188

99.99

58,776

0.01

0

Ordinary Resolution 3 – Approving Auditors’ Remuneration

586,950,053

99.99

47,962

0.01

4,704,949

Ordinary Resolution 4 Re-electing Maxim Matveev as a director of the Corporation

586,920,772

99.99

77,243

0.01

4,704,949

Ordinary Resolution 5 – Re-electing Dominic Gualtieri as a director of the Corporation

586,914,920

99.99

83,095

0.01

4,704,949

Ordinary Resolution 6 – Re-electing Vadim Ilchuk as a director of the Corporation

586,940,220

99.99

57,795

0.01

4,704,949

Ordinary Resolution 7 – Re-electing Alexey Sotskov as a director of the Corporation

586,946,072

99.99

51,943

0.01

4,704,949

Ordinary Resolution 8 – Re-electing Christopher Westdal as a director of the Corporation

586,925,772

99.99

72,243

0.01

4,704,949

Ordinary Resolution 9 – Authorising the allotment of shares of the Corporation

586,921,105

99.99

76,910

0.01

4,704,949

Ordinary Resolution 10Re-approving the Stock Option Plan

586,917,905

99.99

80,110

0.01

4,704,949

Special Resolution 11Approving the disapplication of pre-emptive rights

586,903,405

99.98

94,610

0.02

4,704,949

About Silver Bear

Silver Bear (TSX: SBR) is focused on the development of its wholly-owned Mangazeisky Silver Project, covering a licence area of approximately 570 km2 that includes the high-grade Vertikalny deposit (amongst the highest- grade silver deposits in the world), located 400 km north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April 2018, the Company attained first silver production as a result of commissioning activities, at this time the Company is working toward achieving full commercial production in 2019. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Company’s website at www.silverbearresources.com.

CONTACT INFORMATION:

Vadim Ilchuk
President and Chief Executive Officer
T: +7 985 866 8877
info@silverbearresources.com

Judith Webster
Investor Relations Manager & Corporate Secretary
T: +416 453 8818
jwebster@silverbearresources.com