MONTREAL, QUEBEC--(Marketwired - May 5, 2017) - SEMAFO (TSX:SMF)(OMX:SMF) announces that at its Annual General Meeting of Shareholders held on May 4, 2017, all directors nominated in the 2017 management proxy circular were re-elected. A total of 238,039,880 common shares or 73.27% of our issued and outstanding common shares were represented in person or by proxy at the meeting.
Detailed results are as follows:
Nominee
Votes for
% of
Votes for
Votes
Withheld
% of Votes
Withheld
Terence F. Bowles
235,641,125
99.95
123,808
0.05
Benoit Desormeaux
234,588,600
99.50
1,176,472
0.50
Flore Konan
224,349,365
95.16
11,415,707
4.84
Jean Lamarre
214,876,692
91.14
20,888,380
8.86
John LeBoutillier
205,832,392
87.30
29,932,680
12.70
Gilles Masson
232,650,458
98.68
3,114,614
1.32
Lawrence McBrearty
233,164,203
98.90
2,600,869
1.10
Tertius Zongo
224,927,466
95.40
10,837,606
4.60
The proposal to appoint PricewaterhouseCoopers LLP as auditors was approved:
For:
97.57%
Withheld:
2.43%
A resolution amending and restating SEMAFO's Shareholder Rights Plan was approved:
For:
94.41%
Against:
5.59%
Additionally, the resolution to adopt By-law No. 2017-1 was approved:
For:
99.89%
Against:
0.11%
Finally, an advisory resolution on the Corporation's approach to executive compensation was approved.
For:
98.29%
Against:
1.71%
About SEMAFO
SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently owns and operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou deposit, and is targeting production start-up of the Boungou Mine in the second half of 2018. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.
The information in this release is subject to the disclosure requirements of SEMAFO under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on May 5, 2017 at 2:30 p.m., Eastern Daylight Time.
SEMAFO Inc. is a Canada-based mining company. Its segments include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Savary's Karankasso and Bantou property; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou. Its subsidiaries include SEMAFO Burkina Faso S.A., Mana Mineral S.A., SEMAFO (Barbados) Ltd, Orbis Gold PTY LTD and Birimian Resources S.A.R.L.