Western Copper and Gold Announces Voting Results from Annual Shareholders’ Meeting
May 30, 2018 - News ReleaseDownload this Press Release Print this page
VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN; NYSE American: WRN) announces the voting results from the Company’s Annual General Meeting (“AGM”) held on May 30, 2018.
A total of 41,980,011 common shares were represented at the AGM, representing 42.17% of the votes attached to all outstanding common shares as at the record date. Shareholders voted in favour of setting the number of directors at five (5) and elected all incumbent directors, as follows:
|Director||Votes For||% For||Votes Withheld||% Withheld|
Shareholders also approved: (i) the appointment of PricewaterhouseCoopers LLP as auditors of the Company and authorized the directors to set their remuneration, and (ii) the Company’s stock option plan.
The Company’s report of voting results will be available on SEDAR (www.sedar.com), EDGAR (www.sec.gov/edgar.shtml), and on the Company’s website.
Dale Corman, Western’s Executive Chairman, provides commentary on the Company and the copper market in his letter to shareholders:
“It is now apparent that there is no possibility that copper supply will match demand in the foreseeable future. Copper demand will exceed supply in 2018 and the supply gap will progressively become worse as we move forward. Exchange inventories will quickly decline and there will be a scramble by consumers to secure copper to meet their needs. This should result in a substantial rise in the price of copper and the shares of those copper companies that have large economic copper reserves.
Our Casino deposit is in the enviable position of offering substantial production, initially producing over 100,000 tonnes per annum of copper, an attractive location, and superior economics – even at conservative copper prices. These factors put it at the top of any list of new development targets.”
The complete Chairman’s Letter can be viewed here.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada’s premier Copper-Gold mine in the Yukon Territory. For more information, visit www.westerncopperandgold.com.
On behalf of the board,
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
For more information, please contact:
Director, Corporate Development
604.638.2520 or firstname.lastname@example.org