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Tintina and NSR Announce the Results of their Respective Meetings of Shareholders
TORONTO, Nov. 29, 2019 (GLOBE NEWSWIRE) -- Tintina Mines Limited (“Tintina”) (TSXV:TTS) and NSR Resources Inc. (“NSR”) are pleased to announce the voting result
About this update from Tintina Mines Limited
[{"type":"text","content":" TORONTO, Nov. 29, 2019 (GLOBE NEWSWIRE) -- Tintina Mines Limited (“Tintina”) (TSXV:TTS) and NSR Resources Inc. (“NSR”) are pleased to announce the voting results from Tintina’s annual general and special meeting of shareholders (the “Tintina Meeting”) and NSR’s special meeting of shareholders (the “NSR Meeting”), both of which were held in Toronto, Ontario on November 27, 2019. Tintina Meeting The total number of common shares of Tintina (“Tintina Shares”) represented by shareholders present in person and by proxy at the Tintina Meeting was 21,504,408 Tintina Shares, representing 82.32% of the total issued and outstanding Tintina Shares as of the record date. All of the matters put forward before shareholders for consideration and approval as set out in Tintina’s management information circular, dated October 18, 2019, were approved by the requisite majority of votes cast at the Tintina Meeting. The shareholders of Tintina passed a special resolution approving an amalgamation under Section 174 of the Business Corporations Act (Ontario) involving NSR and Tintina’s wholly-owned subsidiary, 2716207 Ontario Inc. (the “Amalgamation Resolution”). The results of the vote for the Amalgamation Resolution at the Tintina Meeting are set out in the following table: Motion Votes For Votes Against % of Votes CastFor Amalgamation Resolution 21,483,408 0 100 % Amalgamation Resolution on a disinterested shareholder basis 1,123,467 0 100 % NSR Meeting The total number of common shares of NSR (“NSR Shares”) represented by shareholders present in person and by proxy at the NSR Meeting was 12,474,024 NSR Shares, representing 45.51% of the issued and outstanding NSR Shares as of the record date. The only matter put forward before shareholders for consideration and approval as set out in NSR’s management information circular, dated October 18, 2019, was the Amalgamation Resolution, which was approved by the requisite majority of votes cast at the NSR Meeting. The results of the vote for the Amalgamation Resolution at the NSR Meeting are set out in the following table: Motion Votes For Votes Against % of Votes CastFor Amalgamation Resolution 12,472,024 0 100 % Amalgamation Resolution on a disinterested shareholder basis 2,597,104 0 100 % The Amalgamation Given that disinterested shareholder approva...