TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) ("MUX" or the "Company”) announces the results of the MUX Annual Meeting of Shareholders, held on June 29, 2023. The Shareholders approved, among other things, proposals to amend the Company’s Second Amended and Restated Articles of Incorporation to increase the number of shares of preferred stock authorized to be issued from 2 to 10,000,000 and to increase the total authorized shares accordingly (the “Increase in Authorized Preferred Capital Amendment”).
Pursuant to that authority, effective June 30, 2023, the Company filed with the Secretary of State of the State of Colorado Articles of Amendment to the Second Amended and Restated Articles of Incorporation that served to effect the Increase in Authorized Preferred Capital Amendment.
At the Annual Meeting, 47,427,584 shares were outstanding and entitled to vote at the meeting, 24,913,355 shares were voted, or approximately 52.53% of the outstanding shares entitled to vote.
AGM Voting Results
At the annual meeting of shareholders held on June 29, 2023, MUX shareowners voted to:
Elect as directors: Robert McEwen, Allen Ambrose, Ian Ball, Richard Brissenden, Robin Dunbar, Dr. Merri Sanchez, and William Shaver.
Approve the proposal to amend the articles of incorporation to increase the number of shares of preferred stock authorized to be issued from 2 to 10,000,000 and increase the total authorized shares accordingly.
Ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023.
Detailed voting results are as follows.
Election results for the directors nominated at the meeting are as follows:
Shares Voted
Name of Nominee For Withheld Broker Non-Votes
Robert R. McEwen 16,350,537 272,916 8,289,902
Allen V. Ambrose 15,829,053 794,400 8,289,902
Ian Ball 16,252,313 371,140 8,289,902
Richard W. Brissenden 16,271,277 352,176 8,289,902
Robin E. Dunbar 16,130,643 492,810 8,289,902
Merri Sanchez 16,090,302 533,151 8,289,902
William M. Shaver 16,228,570 394,883 8,289,902
Election results for the proposal for the Increase in Authorized Preferred Capital Amendment are as follows:
For Against Abstain Broker Non-Votes
10,473,353 6,043,434 106,666 8,289,902
Election results for the ratification of the appointment of EY as the independent registered public accounting firm for the year ending December 31, 2023, are as follows:
For Against Abstain Broker Non-Votes
24,633,031 125,598 154,726 0
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
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