Business
Zacatecas Shareholders Approve All Matters at Annual General Meeting
VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (the “Company”, ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) is pl
About this update from Zacatecas Silver Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (the “Company”, ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) is pleased to announce the results of the annual general meeting of the shareholders on August 8, 2023. At the annual general meeting, shareholders approved all motions put forth, including the re-election of Bryan Slusarchuk, John Lewins, Jonathan Richards, Christopher Wilson, Luis Chavez, Nancy La Couvee and Charles Hethey to the Board of Directors. The shareholders also approved the appointment of Davidson & Company LLP as the auditors of the Company, the 10% rolling stock option plan and the securities based compensation plan (the “SBC Plan”). The SBC Plan’s purpose is to (i) provide the Company with a mechanism to attract, retain, and motivate highly qualified directors, officers, employees, and consultants; (ii) align the interest of such directors, officers, employees, and consultants with that of other shareholders of the Company; and (iii) enable and encourage them to participate in the long-term growth of the Company. The SBC Plan permits the grant of Restricted Share Units (as defined in the Equity Plan) and Deferred Share Units (as defined in the SBC Plan) (Restricted Share Units and Deferred Share Units collectively referred to as “Awards”). The maximum number of Awards that may be granted under the SBC Plan is fixed at 9,041,099. Further, the maximum number of shares for which Awards and other share compensation issuable to: (i) any participant shall not exceed 5% of the outstanding shares within any one year period, (ii) a consultant shall not exceed 2% of the outstanding shares within any one year period; and (ii) insiders as a group shall not exceed 10% of the outstanding shares. No persons providing investor relations activities may be granted Awards under the SBC Plan. All Awards are subject to a mandatory one year vesting requirement. Additional details of the SBC Plan are set forth in the Company’s information circular dated July 7, 2023. About Zacatecas Silver Corp. The Company has two key projects. The Esperanza Gold Project in Morelos State, Mexico and the Zacatecas Silver Project in Zacatecas State, Mexico. Esperanza is an advanced stage, attractive low-cost, low-capital-intensity and low-technical-risk growth project located in Morelos state, Mex...