Business
Transition Metals Announces Results of Annual General Meeting
Sudbury, Ontario--(Newsfile Corp. - February 28, 2023) - Transition Metals Corp (TSXV: XTM) ("Tra...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Metals Announces Results of Annual General MeetingSudbury, Ontario--(Newsfile Corp. - February 28, 2023) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to announce the results of voting at its Annual General Meeting of Shareholders (\"AGM\") held Friday, February 24, 2023 in Toronto, CanadaShareholders voted overwhelmingly in favour of all items put forward by the Board of Directors and Management. All four of the individuals nominated for the board of directors, namely Thomas Atkins, Jason Marks, Scott McLean and Brian Montgomery received the support of the Company's shareholders to continue in their roles for the forthcoming year. A total of 19,441,586 Transition Metals common shares were voted, representing 33.896% of total shares issued and outstanding as at the record date of the meeting.Shareholders also voted in favour of:Ratifying the appointment of UHY McGovern Hurley LLP as Auditors of the Company for the ensuing year and authorizing directors to fix the remuneration of the auditors; andRatifying of Omnibus Equity Incentive Compensation Plan. Separately, the Company would like to acknowledge that long serving board members Jon Baird and William Pearson have retired from the board by not standing for re-election. CEO Scott McLean commented, \"Jon and Bill have both been valuable contributors to the Company and we have benefitted greatly from their knowledge and decades of experience. On behalf of the Board of Directors, management and shareholders, I wish Jon and Bill all the best in the future.\"About Transition Metals Corp.Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer that specializes in converting new exploration ideas into discoveries. The award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution. Cautionary Note on Forward-Looking InformationExcept for statements of historical fact contained herein, the information in this news release constitutes ...