Road Town, Tortola, British Virgin Islands (June 24, 2013) – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) is pleased to announce the results of its annual and special meeting of shareholders (“AGM”) held today in Nassau, Bahamas.
All of the nominee directors listed in Talon’s management information circular dated May 22, 2013 (the “Circular”) were elected as directors. The results of the shares voted in respect of the election of each director were as follows:
|Name of Nominee||Votes For||Votes Withheld|
|Luis Mauricio F. de Azevedo||20,841,475||(99.54%)||97,001||(0.46%)|
|John D. Kaplan||20,802,975||(99.35%)||135,501||(0.65%)|
|Gregory S. Kinross||20,853,475||(99.59%)||85,001||(0.41%)|
|Warren E. Newfield||20,853,476||(99.59%)||85,000||(0.41%)|
|Jonathan M. Schneider||20,553,475||(98.16%)||385,001||(1.84%)|
|Henri van Rooyen||20,853,475||(99.59%)||85,001||(0.41%)|
Shareholders of the Company also approved an amendment to the memorandum and articles of association of the Company providing for advance notice procedures with respect to the election of directors (“Advance Notice Procedures”). The purpose of the Advance Notice Procedures is to provide shareholders, directors and management of the Company with direction on the procedure for shareholder nomination of directors. Pursuant to the approved Advance Notice Procedures, the Company will now fix a deadline by which holders of record of shares of the Company must submit director nominations prior to any annual or other meeting of shareholders and a shareholder must include certain prescribed information in its nomination notice to the Company. For further information on the Advance Notice Procedures, please refer to the Circular which is available under the Company’s profile on SEDAR (www.sedar.com).
At the AGM, shareholders also voted in favour of:
- appointing MNP LLP1 as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration; and
- approving all unallocated options under the Company’s stock option plan.
1 MSCM LLP, the Company’s auditor as disclosed in the Circular, merged with MNP LLP effective June 1, 2013.
Talon is a TSX-listed company focused on the exploration and development of the Trairão Iron Project in Brazil. The Company has approximately $16.5-million in cash and a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon please visit the Company’s website at www.talonmetals.com or contact:
Talon Metals Corp.
Tel: (416) 361-9636 x247