Dalradian Announces Results of its 2015 Meeting of Shareholders
TORONTO, ONTARIO--(Marketwired - June 23, 2015) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(AIM:DALR) is pleased to announce the results of its 2015 annual and special meeting of shareholders (the "Meeting") held today in Toronto, Ontario.
At the Meeting, all director nominees listed in the Company's management information circular dated May 11, 2015 were elected as directors of the Company. The detailed results of the vote by ballot are as follows:
| Director | Vote type | Number of Votes | Percentage of Votes | |
| Patrick F.N. Anderson | For | 91,083,883 | 96.98 | % |
| Withheld | 2,839,522 | 3.02 | % | |
| Thomas J. Obradovich | For | 93,685,683 | 99.75 | % |
| Withheld | 237,722 | 0.25 | % | |
| Sean E.O. Roosen | For | 78,300,573 | 83.37 | % |
| Withheld | 15,622,832 | 16.63 | % | |
| Ronald P. Gagel | For | 93,685,905 | 99.75 | % |
| Withheld | 237,500 | 0.25 | % | |
| Jonathan Rubenstein | For | 93,660,355 | 99.72 | % |
| Withheld | 263,050 | 0.28 | % | |
| D. Grenville Thomas | For | 85,749,573 | 91.3 | % |
| Withheld | 8,173,832 | 8.70 | % | |
| Patrick G. Downey | For | 93,685,905 | 99.75 | % |
| Withheld | 237,500 | 0.25 | % |
In addition, at the Meeting, shareholders reappointed KPMG LLP, Chartered Accountants, as auditors of the Company, approved all unallocated restricted share units under the Company's restricted share unit plan, approved the adoption of Dalradian Gold Limited's share incentive plan, and ratified and confirmed the adoption of certain amendments to the Company's by-laws. The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.
Further to the announcement of 14 May 2015, the Company is pleased to confirm the appointment of Patrick G. Downey, effective as of today, as a non-executive director of the Company.
Mr. Downey has over 30 years of international experience in the resource industry. Most recently, he was the President and Chief Executive Officer of Elgin Mining Inc., which was acquired by Mandalay Resources Inc. in June of 2014. Prior to that, Mr. Downey held the position of President, Chief Executive Officer and Director of Aura Minerals Inc. He was also President, Chief Executive Officer and a director of Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006. Mr. Downey also served as President of Oliver Gold Corporation and completed the merger of that company to form Canico Resource Corp., which was subsequently purchased by Vale Corporation for over $800 million. He has held numerous senior engineering positions at several large scale gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa. He is currently a director of Claude Resources Inc., Orezone Gold Corp., Argentex Mining Corp. and Pan Global Resources Inc. Mr. Downey holds a Bachelor of Science (Hon.) degree in Engineering from Queen's University in Belfast, Ireland.
In terms of the appointment of Patrick Gerard Downey (aged 55) to the board, there is no further information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies, save for the following:
| Current directorships/partnerships |
| Argentex Mining Corp. |
| Claude Resources Inc. |
| Orezone Gold Corp. |
| Pan Global Resources Inc. |
| Patrick Downey and Associates Inc. |
| Past directorships/partnerships |
| Andina Minerals Inc. |
| Aura Minerals Inc. |
| Corex Gold Corp. |
| Elgin Mining Inc. |
| Mundoro Capital Inc. (formerly Mundoro Mining Inc.) |
Mr Downey currently controls 50,000 shares of Dalradian Resources Inc.
About Dalradian
Dalradian Resources Inc. is a Canadian incorporated gold exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is in the midst of a work program with the goal of completing a pre-feasibility study in support of a planning application for construction of an operating mine at Curraghinalt. Components of the program include underground exploration, which incorporates approximately 1,100 metres of development and 20,000 metres of infill drilling, a pre-feasibility study and an environmental impact assessment.
Contact
Dalradian Resources Inc.
Marla Gale, Vice President, Communications
+1.416.583.5622
investor@dalradian.com
Canaccord Genuity Limited (Nominated Adviser and Broker)
Henry Fitzgerald-O'Connor / Oliver Donaldson
+44 20 7523 8000
Finsbury (UK financial communications)
Charles O'Brien / Richard Webster-Smith
+44 20 7251 3801
Charles.O'Brien@Finsbury.com /
Richard.Webster-Smith@Finsbury.com