Arras Minerals Announces Voting Results of Annual and Special Meeting of Shareholders

About this update from Arras Minerals Corp

[{"type":"text","content":"Arras Minerals Announces Voting Results of Annual and Special Meeting of ShareholdersVANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Arras Minerals Corp. (TSXV:ARK) (\"Arras\" or \"the Company\") is pleased to announce the detailed voting results of the proposals considered at its annual and special meeting of shareholders held on April 29, 2025 (the \"Meeting\"). A total of 31,113,266 or 30.8% of the Company's issued and outstanding shares as of the record date were represented at the Meeting.The Company's shareholders have voted to set the number of directors to seven (7) (30,936,522 or 99.4% voted \"For\", and 176,565 or 0.6% voted \"Against\").The following nominees, as listed in Arras' management information circular, were elected as directors of the Company:DirectorVotes For%Withheld Votes%Brian Edgar27,157,78199.8%45,8860.2%Timothy Barry27,146,21199.8%57,6360.2%Darren Klinck27,146,72399.8%57,1240.2%G. Wesley Carson27,145,92299.8%57,9250.2%Daniel Kunz27,153,66199.8%50,1860.2%Vera Kobalia27,141,38499.8%62,4630.2%Christian Milau27,145,67399.8%58,1740.2%The Company's shareholders have ratified and approved the appointment of Smythe LLP as the Company's auditors, for the fiscal year ending October 31, 2025 (31,091,715 or 99.9% voted \"For\", and 21,551 or 0.1% abstained from voting).Arras is also pleased to announce that the Company's shareholders have re-approved of certain amendments to the Company's equity incentive plan, to, among other things, alter the plan to a 10% rolling plan (26,916,373 or 98.9% voted \"For\", and 287,294 or 1.1% voted \"Against\").Full details of the proposals are fully described in the Company's management information circular filed on March 28, 2025 available on SEDAR at www.sedarplus.ca.Issuance of DSUsThe Company has granted an aggregate of 39,498 deferred share units (\"DSU\") to certain independent directors at a price of C$0.7754 per DSU. The DSUs were granted in consideration for services rendered by the directors for the quarter ended April 30, 2025, in lieu of cash. The DSUs were granted in accordance with the Company's Equity Incentive Plan and were priced based on the volume weighted average price of the Company's common shares on the TSX Venture Exchange for the last five trading days immediately preceding the grant date. This is the initial grant of DSUs to the Company's independent...

More updates from Arras Minerals Corp