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Orla Announces Voting Results from Its Annual Shareholder Meeting and Grants Incentive Stock Options, Restricted Share Units and Deferred Share Units
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2018) - Orla Mining Ltd. (TSXV: OLA) (...
About this update from Orla Mining Ltd.
[{"type":"text","content":"Orla Announces Voting Results from Its Annual Shareholder Meeting and Grants Incentive Stock Options, Restricted Share Units and Deferred Share UnitsVancouver, British Columbia--(Newsfile Corp. - June 27, 2018) - Orla Mining Ltd. (TSXV: OLA) (\"Orla\" or the \"Company\") is pleased to announce the voting results for the election of its Board of Directors, which took place at the Company's Annual and Special Meeting of Shareholders (\"AGM\") held today. All nominees, as set forth in the Company's management proxy circular dated May 24, 2018 (\"Circular\"), were elected as directors of Orla at the AGM. Detailed results of the votes are set out below:NomineeVotes For%Withheld%Charles Jeannes119,123,37695.126,109,8004.88Richard Hall119,123,37695.126,109,8004.88Marc Prefontaine118,808,37694.876,424,8005.13Hans Smit119,123,37695.126,109,8004.88Jean Robitaille119,123,37695.126,109,8004.88George Albino125,177,57699.9655,6000.04Tim Haldane125,212,57699.9820,6000.02David Stephens121,242,57696.813,990,6003.19 The shareholders also approved: (1) the appointment of Davidson and Company as auditors and authorized the Board of Directors to fix their remuneration; (2) the Company's existing Stock Option Plan (\"Option Plan\"); (3) the adoption of the Company's new Restricted Share Unit Plan (\"RSU Plan\"); and (4) the adoption of the Company's new Deferred Share Unit Plan (\"DSU Plan\"). Results of the shareholder votes on these items are set forth below: Outcome of VoteVotes For%Withheld/Against%Appointment of AuditorsCarried128,112,68899.9826,1140.02Re-approval of Option PlanCarried114,539,69291.4610,693,4848.54Adoption of RSU PlanCarried108,312,24295.874,664,1844.13Adoption of DSU PlanCarried108,312,24295.874,664,1844.13 As part of the Company's annual compensation review, the Board of Directors has authorized the grant of an aggregate of 1,641,504 incentive stock options (the \"Options\") to directors, officers, employees and consultants of the Company. The Options have an exercise price of $1.25 per share, are exercisable for a period of five-years from the date of grant and will vest as follows: one-third on date of grant, one-third on the first anniversary of the date of grant and one-third on the second anniversary of the date of grant. The Options were granted pursuant to the Option Plan re-approved by the shareholders today....