Business
Orla Mining 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) ("Orla" or the "Company") is pleased to announce the voting results
About this update from Orla Mining Ltd.
[{"type":"text","content":" Vancouver, 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: Nominee Votes For % Withheld % Charles Jeannes 119,123,376 95.12 6,109,800 4.88 Richard Hall 119,123,376 95.12 6,109,800 4.88 Marc Prefontaine 118,808,376 94.87 6,424,800 5.13 Hans Smit 119,123,376 95.12 6,109,800 4.88 Jean Robitaille 119,123,376 95.12 6,109,800 4.88 George Albino 125,177,576 99.96 55,600 0.04 Tim Haldane 125,212,576 99.98 20,600 0.02 David Stephens 121,242,576 96.81 3,990,600 3.19 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 Vote Votes For % Withheld/Against % Appointment of Auditors Carried 128,112,688 99.98 26,114 0.02 Re-approval of Option Plan Carried 114,539,692 91.46 10,693,484 8.54 Adoption of RSU Plan Carried 108,312,242 95.87 4,664,184 4.13 Adoption of DSU Plan Carried 108,312,242 95.87 4,664,184 4.13 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. In addition, the Board of Directors authorized the grant of an aggregate 348,...