Silver Bear Provides Shareholder Meeting Results
TORONTO, Sept. 30, 2020 - 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 10 – Re-approving the Stock Option Plan | 586,917,905 | 99.99 | 80,110 | 0.01 | 4,704,949 | |||
| Special Resolution 11 – Approving 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 |