Laramide Resources Limited announces results of annual meeting of shareholders
TORONTO, April 28, 2017 - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX:LAM, ASX:LAM) is pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held on Thursday, April 27, 2017 in Toronto. A total of 49,653,591 common shares (the "Common Shares"), which is 43.58% of the outstanding Common Shares of the Company, were voted by proxy and all matters presented for approval at the Meeting have been duly authorized and approved. The nominees proposed by management were elected by shareholders on a show of hands. The detailed results of the management proxy votes received were as follows:
1A) Election of Director – Mr. Marc Henderson
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | % | Withheld | % |
| 36,429,202 | 99.13 | 320,722 | 0.87 |
1B) Election of Director – Mr. John Booth
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | % | Withheld | % |
| 35,630,212 | 96.95 | 1,119,712 | 3.05 |
1C) Election of Director – Mr. Scott Patterson
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | % | Withheld | % |
| 34,264,852 | 93.24 | 2,485,072 | 6.76 |
1D) Election of Director – Mr. Paul Wilkens
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | % | Withheld | % |
| 25,816,967 | 70.25 | 10,932,957 | 29.75 |
2) Appointment of Collins Barrow Toronto LLP as the Auditors
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | Withheld |
| 48,317,242 | 1,336,349 |
The motion was carried as an ordinary resolution on a show of hands.
3) Resolution authorizing, approving and permitting the exercise of certain outstanding warrants related to the private placement and Churchrock and Crownpoint property acquisition, as described in the information circular dated March 20, 2017 (the "Circular").
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | % | Withheld | % |
| 36,342,367 | 98.89 | 407,557 | 1.11 |
The motion was carried as an ordinary resolution on a show of hands.
4) Resolution authorizing, approving and permitting the Company to satisfy a certain portion of its repayment obligations under a promissory note related to the Churchrock and Crownpoint property acquisition, by issuing common shares of the Company, as described in the Circular.
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | % | Withheld | % |
| 36,300,232 | 98.78 | 449,692 | 1.22 |
5) Resolution to ratify and approve the renewal of the stock option plan of the Company, as described in the Circular.
The instructions given to validly appointed proxies in respect of the resolution were as follows:
| For | % | Withheld | % |
| 35,217,704 | 95.83 | 1,532,220 | 4.17 |
The formal report on voting results with respect to all matters voted upon at the meeting will also be filed on SEDAR.
To learn more about Laramide, please visit the Company's website at www.laramide.com.
About Laramide Resources:
Laramide Resources Ltd., headquartered in Toronto and listed on the TSX: LAM and ASX: LAM, is engaged in the exploration and development of high-quality uranium assets. Laramide's portfolio of advanced uranium projects have been chosen for their production potential. Major U.S. assets include the Churchrock and Crownpoint In Situ Recovery (ISR) projects and La Jara Mesa in Grants, New Mexico, as well as La Sal in the Lisbon Valley district of Utah. The recently acquired Churchrock and Crownpoint properties, with near-term development potential and significant mineral resources, form a leading ISR division operating in a tier one jurisdiction with enhanced overall project economics. The Company's Australian advanced stage Westmoreland is one of the largest projects currently held by a junior mining company.
SOURCE Laramide Resources Ltd.
Contact
Marc Henderson, President and Chief Executive Officer, Toronto, Canada +1 (416) 599 7363; Bryn Jones, Chief Operating Officer, Brisbane, Australia, P: (07) 3831 3407; Greg Ferron, Vice-President, Toronto, Canada +1 (416) 599 7363