North American Palladium Reports Voting Results from 2013 Annual & Special Meeting of Shareholders
TORONTO, ONTARIO -- (Marketwired) -- 05/10/13 -- North American Palladium Ltd. ("NAP" or the "Company") (TSX: PDL)(NYSE MKT: PAL) released today the final voting results of its 2013 Annual and Special Meeting of Shareholders ("AGM") held on May 9, 2013 in Toronto, Ontario. The following matters were voted on:
1. Election of Directors
The following six nominees were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results were as follows:
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Name of Nominee Votes For Percent Votes Withheld Percent
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Steven R. Berlin 32,837,292 55.95% 25,854,054 44.05%
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C. David A. Comba 32,862,867 55.99% 25,828,479 44.01%
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Andre J. Douchane 32,782,990 55.86% 25,908,354 44.14%
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Robert J. Quinn 32,855,700 55.98% 25,835,645 44.02%
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Greg J. Van Staveren 32,837,600 55.95% 25,853,746 44.05%
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William J. Weymark 32,875,316 56.01% 25,816,029 43.99%
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2. Appointment of Auditors
KPMG LLP, Chartered Accountants, were reappointed as auditors of the Corporation to hold office until the next annual meeting, and the Directors were authorized to fix their remuneration. The results were as follows:
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Votes For Percent Votes Withheld Percent
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112,369,269 97.12% 3,332,069 2.88%
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3. Approval of Amended and Restated RRSP Plan
Shareholders approved the resolution confirming and ratifying the Company's Amended and Restated RRSP Plan, the text of which resolution is set forth in Schedule A of the Management Information Circular dated April 1, 2013. The results were as follows:
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Votes For Percent Votes Withheld Percent
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55,360,896 94.33% 3,330,450 5.67%
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4. Approval of Amended and Restated Stock Option Plan
Shareholders approved the resolution confirming and ratifying the Company's Amended and Restated Stock Option Plan, the text of which resolution is set forth in Schedule B of the Information Circular. The results were as follows:
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Votes For Percent Votes Withheld Percent
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54,922,849 93.58% 3,768,496 6.42%
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5. Approval of Amended and Restated By-law No.1
Shareholders approved the resolution confirming and ratifying the Company's Amended and Restated By-law No. 1, the text of which resolution is set forth in Schedule C of the Information Circular. The results were as follows:
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Votes For Percent Votes Withheld Percent
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55,617,960 94.76% 3,073,386 5.24%
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6. Approval of Advance Notice By-law
Shareholders approved the resolution confirming and ratifying the Company's Advance Notice By-law, the text of which resolution is set forth in Schedule D of the Information Circular. The results were as follows:
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Votes For Percent Votes Withheld Percent
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55,940,526 95.31% 2,750,820 4.69%
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The formal Report on Voting Results with respect to all matters voted upon at the AGM will be filed with the Canadian securities regulatory authorities shortly.
About North American Palladium
NAP is an established precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada since 1993. LDI is one of only two primary producers of palladium in the world, and is currently undergoing a major expansion to increase production and reduce cash costs per ounce. NAP operates with the vision of becoming a low cost mid-tier precious metals producer. The Company's shares trade on the NYSE MKT under the symbol PAL and on the TSX under the symbol PDL.
Contacts:
North American Palladium Ltd.
Camilla Bartosiewicz
Director, Investor Relations and Corporate Communications
416-360-7374
camilla@nap.com