Erdene Announces Results of Annual and Special Meeting of Shareholders

Article content

HALIFAX, Nova Scotia, June 23, 2022 (GLOBE NEWSWIRE) – Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene”Or the“Company”) Is pleased to announce its shareholders voted in favor of all business items brought before them at the Company’s Annual and Special Meeting of Shareholders (“ Meeting ”) held on June 22, 2022 in Dartmouth, Nova Scotia. Details of the Meeting are provided below.

Appointment of Board and Executive

At the Meeting, shareholders voted in favor of Erdene management’s nominees to the board of directors, with details of the proxy voting results as follows:

Advertisement 2

Article content

Nominee Votes For % For Votes Withheld % Withheld
Peter C. Akerley 120,337,823 100.00 0 0.00
Dr. Anna G. Biolik 120,337,823 100.00 0 0.00
John P. Byrne 120,037,823 99.75 300,000 0.25
T. Layton Croft 120,037,823 99.75 300,000 0.25
Kenneth W. MacDonald 120,037,823 99.75 300,000 0.25
Cameron McRae 120,326,301 99.99 11,522 0.01
David V. Mosher 120,337,823 100.00 0 0.00
Hedley Widdup 120,313,323 99.98 24,500 0.02

Following the Meeting, Erdene’s board of directors appointed its officers for the coming year, namely: President and Chief Executive Officer – Peter Akerley; Chairman of the Board – T. Layton Croft; Chief Financial Officer – Robert Jenkins; and Corporate Secretary – Suzan Frazer.

Auditor Re-Appointed

Advertisement 3

Article content

KPMG LLP was re-appointed Auditor of the Company to hold office until the next Meeting or until its successor is duly appointed, and the directors were authorized to fix the Auditor’s remuneration.

Approval of Unallocated Options under the Company’s Incentive Stock Option Plan

Shareholders approved all unallocated issuable options under the Company’s 10% “rolling” incentive stock option plan in accordance with the rules and policies of the Toronto Stock Exchange.

Approval of Unallocated Deferred Stock Units (“DSUs”) under the Company’s DSU Plan

Shareholders approved all unallocated DSUs issued under the Company’s DSU Plan in accordance with the rules and policies of the Toronto Stock Exchange.

About Erdene

Advertisement 4

Article content

Erdene Resource Development Corp. is a Canadian-based resource company focused on the acquisition, exploration, and development of precious and base metals in underexplored and highly prospective Mongolia. The Company has interests in three mining licenses and an exploration license in Southwest Mongolia, where exploration success has led to the discovery and definition of the Khundii Gold District. Erdene Resource Development Corp. is listed on the Toronto and the Mongolian stock exchanges. Further information is available at Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Forward-Looking Statements

Advertisement 5

Article content

Certain information regarding Erdene contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Erdene believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Erdene cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Erdene currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain required third party approvals, market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. The Company does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.


Erdene Contact Information

Peter C. Akerley, President and CEO, or
Robert Jenkins, CFO



Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications — you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Original Article reposted fromSource link

Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @

I assure you that, I will remove the infringing content Within 48 Hours.

Leave a Reply

Your email address will not be published.


ABS-CBN Corp. to conduct annual stockholders’ meeting via remote communication on July 28

  Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to [email protected] Join us on Viber to get more updates from BusinessWorld: Original Article reposted fromSource link […]

Read More

One Dietary Pattern Linked To Altering Bacteria In The Gut

One Dietary Pattern Linked To Alter Bacteria In The Gut Many studies have found a correlation between nutrition and cancer, but the underlying processes of this association are still poorly understood. A new study has found a link between one diet and colon cancer that has to do with microbes. There is evidence that a […]

Read More

Online Gaming Market Size to Achieve USD 132 Billion by 2030 Growing at 10.2% CAGR Fueled by Massive Investments in the Gaming Industry – Exclusive Report by Acumen Research and Consulting

Acumen Research and Consulting recently published report titled “Online Gaming Market Size, Share, Analysis Report and Region Forecast, 2022 – 2030” TOKYO, July 06, 2022 (GLOBE NEWSWIRE) – The global online gaming market size was valued at USD 56 Billion in 2021 and will achieve a market size of USD 132 Billion by 2030, budding […]

Read More