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Voting Results of Annual and Special Meeting Of Shareholders Held on July 21, 2022
VANCOUVER, BC / ACCESSWIRE / July 22, 2022 / SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) (" ...
About this update from Southgobi Resources Ltd.
[{"type":"text","content":"Voting Results of Annual and Special Meeting Of Shareholders Held on July 21, 2022VANCOUVER, BC / ACCESSWIRE / July 22, 2022 / SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) (\"SouthGobi\" or the \"Company\") announces the voting results of Annual and Special Meeting of Shareholders. References are made to the notice of meeting (the \"Notice\") and the Management Proxy Circular (the \"Circular\") of the Annual and Special Meeting of the shareholders (the \"Meeting\") of SouthGobi Resources Ltd. (the \"Company\") dated June 22, 2022. Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Notice and the Circular.The Circular may be viewed at, and downloaded from, the website of the Company at www.southgobi.com, the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and the website of SEDAR at www.sedar.com.Voting Results of the MeetingThe Company is pleased to announce that all the resolutions set out in the Circular and Notice were duly passed by the Shareholders by way of either a show of hands or ballots at the Meeting of the Company held on July 21, 2022.The following sets forth a brief description of each matter which was voted upon at the Meeting and the outcome of the vote:ORDINARY RESOLUTIONSAppointment of Auditors - BDO Limited, Certified Public Accountants (Practicing), Hong Kong, was appointed as auditor of the Company to hold office for the ensuing year or until their successors are appointed. The ordinary resolution was passed by a majority of the votes cast by a show of hands.The result of the vote by proxy with respect to the above matter is shown below:Total votes in favour:111,928,085(99.99%)Total votes withheld:7,950 (0.01%)2. Fixing the Number of Directors - As more particularly described in the Circular, the Company proposed an ordinary resolution at the Meeting to fix the number of directors elected at the Meeting at: (i) six (6), in the event, and conditional upon, the proposed sale transaction between Land Breeze S.a.r.l and JD Zhixing Fund L.P. (the \"Land Breeze Sale Transaction\") completing prior to the date of the Meeting; or (ii) eight (8), in the event that completion of the Land Breeze Sale Transaction did not occur prior to the date of the Meeting. To the best of the Company's knowledge, the completion of the Land Br...