Intrepid Mines Limited

TSX : IAU
ASX : IAU


Intrepid Mines Limited

May 13, 2014 08:00 ET

Intrepid Mines Limited: Extraordinary General Meeting-Results

BRISBANE, AUSTRALIA--(Marketwired - May 13, 2014) - Intrepid Mines Limited (TSX:IAU)(ASX:IAU) ("Intrepid", or the "Company"), advises that at an extraordinary meeting of shareholders held today, shareholders voted to retain the Chairman, Ian McMaster AM and Managing Director Scott Lowe as Directors of the Company, and to replace three other Intrepid Directors with nominees of requisitioning shareholders Quantum Pacific Investment Limited and Fides Capital Partners Limited.

Chairman Ian McMaster AM said "I congratulate Messrs Mazur, Sanderson and Lim on their appointment to the Board. The newly constituted Intrepid Board will meet in the near future with the shared objective of working constructively in the interests of all shareholders."

"I would also like to take this opportunity to sincerely thank and recognise Laurie Curtis (Founding Chief Executive), Colin Jackson (Deputy Chairman) and Rob McDonald for their tireless efforts and stewardship of the Company over a number of years. I am especially grateful for their active support and efforts throughout the very difficult period of the Indonesia dispute and ultimate settlement."

"Looking ahead, the Annual General Meeting will be held on 30 May 2014 and shareholders will then determine the future of the Company including voting on a capital return."

Results of the poll which was called by the Chairman was as follows:

Resolution Votes in Favour Votes Against Abstain
1. Removal of Ian McMaster AM 176,505,476 210,527,064 7,532,359
2. Removal of Scott Lowe 176,840,600 210,193,378 7,530,921
3. Removal of Colin Jackson 241,820,370 145,213,608 7,530,921
4. Removal of Robert McDonald 226,918,640 160,115,338 7,530,921
5. Removal of Laurence Curtis 242,425,691 145,232,287 7,536,921
6. Appointment of Gregory Mazur 228,539,874 158,476,927 7,548,098
7. Appointment of Lim Yu Neng Paul 228,501,057 157,515,744 7,548,098
8. Appointment of Clifford Sanderson 241,780,228 145,186,406 7,598,265

Proxies received were as follows

Resolution Votes in Favour Votes Against Open Board Open Other Abstain
1. Removal of Ian McMaster AM 176,505,476 201,849,544 871,358 17,353 7,532,359
2. Removal of Scott Lowe 176,840,600 201,535,858 851,358 17,353 7,530,921
3. Removal of Colin Jackson 241,820,370 136,556,088 851,358 17,353 7,530,921
4. Removal of Robert McDonald 226,918,640 151,457,818 851,358 17,353 7,530,921
5. Removal of Laurence Curtis 242,425,691 136,475,526 950,599 17,353 7,536,921
6. Appointment of Gregory Mazur 228,539,874 149,427,955 1,242,810 17,353 7,548,098
7. Appointment of Lim Yu Neng Paul 228,501,057 149,456,772 1,252,810 17,353 7,548,098
8. Appointment of Clifford Sanderson 241,780,228 136,127,434 1,252,810 17,353 7,598,265

Inquiries regarding this report and Company business may be directed to the contacts below.

Contact Information