Benz Mining Corp. Announces Results of Annual General and Special Shareholder Meeting
Toronto, December 7, 2023 - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to announce the results of voting at its Annual General and Special Shareholder Meeting held on Friday, December 8, 2023, at 10am (AWST) in Perth, Australia (the Meeting).
All matters submitted to shareholders for approval as set out in the company's Notice of Annual General and Special Meeting of Shareholders and Information Circular dated November 3, 2023, were approved by the requisite majority of votes cast at the Meeting.
A total of 37,708,798 common shares were voted at the Meeting, representing approximately 22.29% of the total issued and outstanding common shares of the Company as of the record date of the Meeting.
As required under ASX Listing Rule 3.13.2, we advise details of resolutions and the proxies as set out at Appendix 1.
This announcement has been authorised for release by the Board of Benz Mining Corp.
For more information please contact:
Mark Lynch-Staunton
Chief Development Officer
Benz Mining Corp.
mstaunton@benzmining.com
+61 8 6143 6702
Dannika Warburton
Principal
Investability Partners
dannika@investability.com.au
+61 401 094 261
About Benz Mining Corp.
Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) brings together an experienced team of geoscientists and finance professionals with a focused strategy to unlock the immense mineral potential of the Upper Eastmain Greenstone Belt in Northern Quebec, which is prospective for gold, lithium, nickel, copper, and other high-value minerals. Benz is earning a 100% interest in the former producing high grade Eastmain gold mine, Ruby Hill West and Ruby Hill East projects in Quebec and owns 100% of the Windy Mountain project.
At the Eastmain Gold Project, Benz has identified a combination of over 380 modelled in-hole and off-hole DHEM conductors over a strike length of 6km which is open in all directions (final interpretation of some of the conductors still pending).
In 2021, Benz confirmed the presence of visible spodumene in a pegmatite at the Ruby Hill West Project, indicating lithium mineralisation which Benz intends to further explore in 2022.
Benz tenure over Upper Eastmain Greenstone Belt on simplified geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/190360_6c04349cd44acb48_001full.jpg
About Eastmain Gold Project
The Eastmain Gold Project, situated on the Upper Eastmain Greenstone Belt in Quebec, Canada, currently hosts a NI 43-101 and JORC (2012) compliant resource of 1Moz at 6.1g/t gold (Indicated: 384koz at 9.0g/t gold, Inferred: 621koz at 5.1g/t gold). The existing gold mineralisation is associated with 15-20% semi-massive to massive pyrrhotite, pyrite and chalcopyrite in highly deformed and altered rocks making it amenable to detection using electromagnetic techniques. Multiple gold occurrences have been identified by previous explorers over a 12km long zone along strike from the Eastmain Mine with very limited but highly encouraging testing outside the existing resource area.
About Ruby Hill West Lithium Project
The Ruby Hill West Lithium project is a surface occurrence of spodumene bearing pegmatite within the Ruby Hill West project, located 50km due west of the Eastmain exploration camp. The occurrence was first sampled in 2016 by Eastmain Resources and then by Quebec government geologists in 2018. Only limited sampling was conducted by both groups.
In March 2022 Benz conducted a drilling program at the Ruby Hill West lithium pegmatite prospect and reported a 31.2m at 0.9% Li2O interval of visible spodumene rich pegmatite in the drilling (ASX & TSX-V releases dated 29 April 2022 "Multiple spodumene pegmatites intersected at Ruby Hill West").
Competent Person's Statement: The information in this announcement that relates to historical exploration results was first reported to the ASX in accordance with ASX Listing Rule 5.7. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements.
The mineral resource estimate in this announcement was reported by the Company in accordance with ASX Listing Rule 5.8 on 24 May 2023. The Company confirms it is not aware of any new information or data that materially affects the information included in the previous announcement and that all material assumptions and technical parameters underpinning the estimates in the previous announcement continue to apply and have not materially changed.
Forward-Looking Information: Certain statements contained in this news release may constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations, and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change because of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedarplus.ca. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Appendix 1: The following information is provided in accordance with ASX Listing Rule 3.13.2 and shows the number of proxy votes received prior to the Meeting. The Company notes no additional votes were cast directly in the Meeting.
| Resolution | Resolution Result | Voting Method | Number of votes cast in Meeting | Instructions given to validly appointed proxies | |||||
| For | Against | Withheld/ Abstained* | For | Against | Withheld/ Abstained* | Discretion | |||
| 1. To set the number of Directors at four (4) | Passed | Poll | 37,705,648 99.99% | 3,150 0.01% | - | 37,705,648 99.99% | 3,150 0.01% | - | - |
| 2.1 Election of Director - Evan Cranston | Passed | Poll | 33,203,298 88.05% | N/A | 4,505,500 11.95% | 33,203,298 88.05% | N/A | 4,505,500 11.95% | - |
| 2.2 Election of Director - Mathew O'Hara | Passed | Poll | 33,205,798 88.06% | N/A | 4,503,000 11.94% | 33,205,798 88.06% | N/A | 4,503,000 11.94% | - |
| 2.3 Election of Director - Nicholas Tintor | Passed | Poll | 33,205,798 88.06% | N/A | 4,503,000 11.94% | 33,205,798 88.06% | N/A | 4,503,000 11.94% | - |
| 2.4 Election of Director - Peter Williams | Passed | Poll | 32,566,222 86.36% | N/A | 5,142,576 13.64% | 32,566,222 86.36% | N/A | 5,142,576 13.64% | - |
| 3. Appointment of Auditors | Passed | Poll | 37,705,798 99.99% | N/A | 3,000 0.01% | 37,705,798 99.99% | N/A | 3,000 0.01% | - |
| 4. Remuneration of Auditors | Passed | Poll | 37,705,648 99.99% | 3,150 0.01% | - | 37,705,648 99.99% | 3,150 0.01% | - | - |
| 5. Re-Approval of Omnibus Equity Incentive Compensation Plan | Passed | Poll | 27,851,458 85.97% | 4,543,864 14.03% | 5,313,476 | 27,851,458 85.97% | 4,543,864 14.03% | 5,313,476 | - |
| 6. Approval of 10% Placement Facility | Passed | Poll | 37,690,126 99.95% | 18,022 0.05% | 650 | 37,690,126 99.95% | 18,022 0.05% | 650 | - |
| 7. Ratification of prior issue of 1,237,216 Shares to Fury Gold Mines Ltd. | Passed | Poll | 37,688,776 99.95% | 20,022 0.05% | - | 37,688,776 99.95% | 20,022 0.05% | - | - |
*Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/190360