HudBay Minerals Inc.

TSX : HBM
NYSE : HBM


HudBay Minerals Inc.

May 08, 2014 17:21 ET

Hudbay Announces Election of Directors

TORONTO, ONTARIO--(Marketwired - May 8, 2014) - HudBay Minerals Inc. ("Hudbay" or the "company") (TSX:HBM)(NYSE:HBM) announced today that each of the 10 nominees listed in its management information circular (the "Circular") dated April 2, 2014 was elected as a director of Hudbay at the company's Annual and Special Meeting of Shareholders (the "Meeting") held on May 8, 2014. The vote was conducted by a show of hands. Detailed results of the votes cast by proxy are set out below:

Director Number of Favourable
Votes Cast by Proxy
Percentage of Favourable
Votes Cast by Proxy
David Garofalo 143,086,862 99.50%
Igor Gonzales 143,610,501 99.86%
Tom A. Goodman 142,431,589 99.04%
Alan R. Hibben 143,613,451 99.87%
W. Warren Holmes 141,011,586 98.06%
Sarah B. Kavanagh 143,613,109 99.87%
John L. Knowles 141,650,423 98.50%
Alan J. Lenczner 143,026,466 99.46%
Kenneth G. Stowe 143,632,949 99.88%
G. Wesley Voorheis 142,285,153 98.94%

At the Meeting, shareholders also approved a special resolution to amend Hudbay's articles to increase the minimum number of directors from three to six and the maximum number of directors from ten to thirteen. This allowed Hudbay's board of directors to appoint Michael T. Waites as an additional director following the Meeting, consistent with its stated intentions in the Circular.

About Hudbay

Hudbay (TSX:HBM)(NYSE:HBM) is a Canadian integrated mining company with assets in North and South America principally focused on the discovery, production and marketing of base and precious metals. Hudbay's objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength. A member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, Hudbay is committed to high standards of corporate governance and sustainability. Further information about Hudbay can be found on www.hudbayminerals.com.

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