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Almonty Industries Announces Results of Annual General and Special Meeting of Shareholders
TORONTO / Apr 30, 2025 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company“) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI), a leading g
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO / Apr 30, 2025 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company“) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI), a leading global producer of tungsten concentrate, announces the results of its annual general and special meeting of shareholders (the “Meeting”) held today. 1. ELECTION OF DIRECTORS The seven (7) nominees listed in the Company’s management information circular dated March 21, 2025 provided in connection with the Meeting (the “Circular”) were elected as directors of the Company. Detailed results of the votes are as set out below: Nominee Votes For % For Votes Against % Against Lewis Black 131,574,682 99.90% 131,448 0.10% Daniel D’Amato 131,486,446 99.83% 219,684 0.17% Dr. Thomas Gutschlag 131,446,242 99.80% 259,888 0.20% Mark Trachuk 131,290,736 99.68% 415,394 0.32% Andrew Frazer 131,432,255 99.79% 273,875 0.21% David Hanick 131,423,270 99.79% 273,860 0.21% General Gustave F. Perna 131,642,762 99.95% 63,368 0.05% 2. APPOINTMENT OF AUDITORS Zeifmans LLP was reappointed as the auditor of the Company until the close of the next annual meeting of shareholders, and the board of directors of the Company (the “Board”) was authorized to fix their remuneration. Detailed results of the votes are set out below: Votes For % For Votes Withheld % Withheld 131,604,102 99.92% 102,028 0.08% 3. APPROVAL OF AMENDMENT OF SHARE PURCHASE WARRANTS The amendment of the terms of 700,000 share purchase warrants in order to extend the term of such warrants, originally due to expire on February 19, 2025, to February 19, 2026, was approved by disinterested shareholders. Detailed results of the votes are set out below: Votes For % For Votes Against % Against 103,906,448 99.19% 847,512 0.81% 4. APPROVAL OF SHARE CONSOLIDATION The consolidation of the common shares of the Company (the “Shares”), at a consolidation ratio of up to five (5) pre-consolidation Shares for one (1) post-consolidation Share, was approved, and the Board was authorized to select the consolidation ratio within the approved range and to determine when the consolidation will be effected, provided it is not later than April 30, 2026, subject to the Board’s authority to decide not to proceed with the consolidation of the Shares. Detailed results of the votes are set out below: Votes For % For Votes Against % Against 130,763,983 99.28% 942,147 0....