Zazu Metals Corporation
TSX : ZAZ

Zazu Metals Corporation

June 27, 2016 16:33 ET

Zazu Annual Shareholders Meeting Voting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Zazu Metals Corporation (TSX:ZAZ) ("Zazu") is pleased to announce voting results from the annual meeting of its shareholders (the "Shareholders") held today (the "Meeting") in Vancouver, British Columbia.

The majority of Shareholders voted in favour of all resolutions at the Meeting as set out in Zazu's management information circular dated May 9, 2016. At the Meeting, Shareholders approved the following items of business:

  • the election of each of Gil Atzmon, Joshua Crumb, Robert Giustra, Bryan Morris, Dennis Peterson and Paul Saxton as directors of Zazu until the next annual meeting of Shareholders or until their successors are elected or appointed;

  • the approval of all unallocated stock options under Zazu's existing stock option plan until June 27, 2019. Zazu's stock option plan is a rolling stock option plan and requires shareholder approval every three years;

  • the ratification and re-approval of Zazu's shareholder rights plan previously approved by shareholders in 2013. The shareholder rights plan also requires shareholder approval every three years; and

  • the appointment of PricewaterhouseCoopers LLP, Chartered Accountants as auditors of Zazu for the ensuing year.

A total of 23,729,758 shares, representing 43% of Zazu's issued and outstanding shares, were voted as follows:

For Withheld Not voted
Election of directors:
Gil Atzmon
Joshua Crumb
Robert Giustra
Bryan Morris
Dennis Peterson
Paul Saxton
19,056,522
16,768,039
15,225,039
16,768,039
19,056,522
17,868,522
80%
71%
64%
71%
80%
75%
599,142
2,887,625
4,430,625
2,887,625
599,142
1,787,142
3%
12%
19%
12%
3%
8%
4,074,094
4,074,094
4,074,094
4,074,094
4,074,094
4,074,094
17%
17%
17%
17%
17%
17%
Approval of unallocated stock options 19,056,522 80% 0 0% 4,074,094 17%
Re-approval of shareholder rights plan 19,059,147 80% 0 0% 4,074,094 17%
Appointment of PricewaterhouseCoopers LLP as auditors 23,729,758 100% 0 0% 0 0%

Cautionary statement:

The TSX does not accept responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory has approved or disapproved the information herein.

Forward looking statements:

All forward-looking statements made by the Company, including any in this release or on its website, are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, obtaining Toronto Stock Exchange approval and the ratification of the Plan by shareholders, could differ materially from those currently anticipated in such statements for many reasons such as: the Toronto Stock Exchange requiring amendments to the Plan unsatisfactory to management or the Board, the shareholders of Zazu not ratifying the Plan, or management or the Board determining not to proceed with seeking approval from the Toronto Stock Exchange or the shareholders of Zazu or other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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