Nevada Copper Corp.

Nevada Copper Corp.

June 29, 2015 07:00 ET

Nevada Copper Election of New Director and Annual Meeting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 29, 2015) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or "Company") - The Board of Directors of Nevada Copper is very pleased to announce the election of Mr. James Askew to its Board of Directors.

Mr. Askew holds a Bachelor of Mining Engineering (Honours) and Master's Degree in Engineering Science and has over 40 years of international experience as a Director and/or Chief Executive Officer. Mr. Askew has extensive technical expertise in both open pit and underground mines including design, construction and operations in all major continents. In addition to his vast technical experience, Mr. Askew has overseen numerous financings, M&A successes and assembling of key personnel for mine-building teams.

Mr. Askew is currently the Chairman of Oceanagold Corporation and Syrah Resources, as well as a Director of Evolution Mining and Asian Mineral Resources. Other past listed company directorships include PMI Gold (Chairman), Sino Gold (Chairman), Yamana Gold (Non-Executive Director), and Ivanhoe Australia (Non-Executive Director).

Mr. Bonifacio, President & CEO, commented, "On behalf of Nevada Copper's Board of Directors, we welcome Jim to Nevada Copper. Jim's extensive background in construction and operation of surface and underground mines along with his proven leadership and wide knowledge of the industry will prove invaluable to Nevada Copper as we move the Pumpkin Hollow copper development project forward to production."

Annual and Special Meeting Results

The Company is pleased to announce the results from its 2015 Annual and Special Meeting (the "Meeting"), held on Friday, June 26th in Vancouver, B.C. Shareholders holding a total of 56,666,742 common shares of the Company attended the meeting in person or were represented by proxy, representing 70% of the total 80,501,458 common shares of the Company outstanding as of the record date. Shareholders voted in favour of all items of business before the Meeting, including the appointment of auditors, the election of all directors and the re-pricing of certain stock options held by insiders.

1. Appointment of Auditor

KPMG was appointed as the Company's auditor and the directors were authorized to fix the auditor's remuneration.

2. Determination of the Number of Directors

The number of directors was determined at nine.

3. Election of Directors

The following persons were elected as Directors of the Company until the next annual meeting with the voting results shown below:

Director Votes For % For Votes Against % Against
Victor Bradley, Lead Director 53,633,655 99.71 155,812 0.29
James Askew 53,635,655 99.71 153,812 0.29
Michael Barton 53,667,655 99.77 121,812 0.23
Giulio Bonifacio 53,667,428 99.77 122,039 0.23
Michael Brown 53,665,655 99.77 123,812 0.23
Philip Clegg 53,664,255 99.77 125,212 0.23
Daniel Dumas 53,664,755 99.77 124,712 0.23
Joseph Giuffre 53,664,328 99.77 125,139 0.23
Paul Matysek 53,662,355 99.76 127,112 0.24

4. Stock Option Re-pricing

The following ordinary resolution to approve the repricing of stock options held by insiders of the Company was approved. The ordinary resolution was approved by the disinterested shareholders of the Company with the following results:

Disinterested Shareholders

Votes For 45,845,129 (97.25%)
Votes Against 1,294,128 (2.75%)
Votes Withheld 0 (0%)
Total Common Shares Voted 47,139,257 (100%)


Giulio T. Bonifacio, President & CEO

Cautionary Language

We seek safe harbour.

Contact Information

  • Nevada Copper Corp.
    Eugene Toffolo
    VP, Investor Relations & Communications
    604-683-8266 or Toll free: 1-877-648-8266

    Nevada Copper Corp.
    Robert McKnight, P.Eng., MBA
    Executive Vice President & CFO