Kaminak Gold Corporation

Kaminak Gold Corporation

May 26, 2016 08:30 ET

Kaminak Announces Voting Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2016) - Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to announce the voting results of the Company's Annual General Meeting held on May 25, 2016 in Vancouver, British Columbia. Shareholders voted to re-elect the Company's seven member Board of Directors (the "Board") as well as to approve Kaminak's Amended and Restated Option Plan, a Restricted Share Unit Plan and a Deferred Share Unit Plan with 49.17% of shares outstanding represented at the meeting.

A summary of voting results relating to the re-election of the Company's Board can be found below.

Name Votes "For" % For Votes Withheld % Withheld
Ms. Eira M. Thomas 82,500,964 99.87 % 106,202 0.13 %
Mr. John Robins 82,462,624 99.82 % 144,542 0.18 %
Mr. James Paterson 55,635,924 67.33 % 26,971,242 32.67 %
Mr. D. Bruce McLeod 58,006,952 70.2 % 24,600,214 29.80 %
Mr. Richard Hall 58,011,552 70.21 % 24,595,614 29.79 %
Mr. Bradley Blacketor 82,478,834 99.84 % 128,332 0.16 %
Mr. Richard Williams 82,448,009 99.81 % 159,157 0.19 %

In addition, Kaminak shareholders also voted in favour of ratifying and approving:

  • Davidson & Company LLP as the Company's auditors with 84,326,582 (99.88%) total votes cast "For" and 103,405 (0.12%) total votes "Withheld";
  • the Company's three share-based compensation plans whereby the Company is authorized to grant a maximum of 10% of its issued and outstanding common shares at the time of grant amongst the three plans (a total of 3,339,819 common shares held by directors, officers and their associates were excluded from the following vote totals):
    • Amended and Restated Option Plan (the "Option Plan") with 52,335,287 (66.00%) total votes cast "For" and 26,932,060 (34.00%) total votes "Against";
    • the Restricted Share Unit Plan ("RSU") with 78,352,886 (98.85%) total votes cast "For" and 914,461 (1.15.00%) total votes "Against"; and,
    • the Deferred Share Unit Plan ("DSU") with 78,354,816 (98.85%) total votes cast "For" and 912,531 (1.15%) total votes "Against".

Kaminak's Board would like to thank the Company's shareholders for their continued support.

On behalf of the Board of Directors of Kaminak

Eira Thomas, President and CEO

Kaminak Gold Corporation

For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com.

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 adequacy or accuracy of this release.

Contact Information

  • Kaminak Gold Corporation
    Tony Reda
    Vice-President of Corporate Development
    Toll free 1.844.646.4520 or directly at 604.646.4534