Aura Minerals Announces Voting Results: Annual General and Special Meeting of Shareholders
ROAD TOWN, BRITISH VIRGIN ISLANDS--(Marketwired - May 29, 2017) - Aura Minerals Inc. (TSX: ORA) announces the results of the votes held at the Annual General and Special Meeting of Shareholders (the "Meeting") held in Road Town, Tortola, British Virgin Islands.
The Company announces the retirement of Patrick Mars from the Company's Board of Directors. Patrick joined the Company as a Director in 2006 and he served as the Chairman of the Board from 2008 to 2016 and held positions on several Board committees, including Chairman of the Audit Committee. Patrick was instrumental in the purchases of the San Andres, Sao Francisco and Sao Vincente mine acquisitions that turned the Company into a producer.
Jim Bannantine, did not stand for re-election due to personal reasons but noted that his decision did not have anything to do with his view of the Company or that it will affect his shareholdings in the Company. The Company would like to extend their warmest thanks to Jim for steering the Company through a difficult time in the market with declining commodity prices and his restructuring initiatives to reduce costs.
The Company also announces that due to personal reasons of outside employment, Juarez Saliba did not stand for re-election at the Meeting.
Rodrigo Barbosa, the Company's President & CEO stated, "On behalf of management and the Board of Directors, we express our sincere appreciation for Patrick's and Jim's many years of service and for the year of service from Juarez. It has been a rewarding experience working with all of them during my tenure at the Company and we wish them continued success."
Votes at the Meeting
For additional details on these matters, please see the Management Information Circular of the Company dated April 25, 2017 and the Company's amendment dated May 2, 2017 (together, the "Information Circular").
- To Set the Number of Directors at Five. On a show of hands, voting results for the number of Directors are as follows:
| Outcome | For | % For | Against | % Against |
| Carried | 21,977,360 | 99.52 | 105,220 | 0.48 |
- Election of Directors. On a vote by ballot, voting results for the election of Directors are as follows:
| Nominee | Outcome | For | % For | Withhold | % Withhold |
| Paulo Brito | Carried | 21,123,843 | 99.33 | 358,733 | 1.67 |
| Rodrigo Barbosa | Carried | 21,372,220 | 99.49 | 110,356 | 0.51 |
| Stephen Keith | Carried | 21,044,077 | 97.96 | 438,499 | 2.04 |
| Roberto Fonseca | Carried | 21,372,180 | 99.49 | 110,396 | 0.51 |
| Philip Reade | Carried | 21,372,220 | 99.49 | 110,356 | 0.51 |
- Stock Option Plan. On a vote by ballot, voting results to approve the Company's incentive stock option plan as described in the Information Circular are as follows:
| Outcome | For | % For | Against | % Against |
| Carried | 19,363,349 | 90.14 | 2,119,227 | 9.86 |
- Appointment and Compensation of Auditors. On a show of hands, voting results for the appointment of PricewaterhouseCoopers LLP, Chartered Accountants, and to authorize the Board to fix their remuneration, are as follows:
| Outcome | For | % For | Withheld | % Withheld |
| Carried | 21,713,045 | 98.33 | 369,534 | 1.67 |