McEwen Mining and McEwen Mining - Minera Andes Acquisition Corp. Announce Results of Their Annual General Meetings
TORONTO, ONTARIO--(Marketwired - May 20, 2014) - McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) ("McEwen Mining") and McEwen Mining - Minera Andes Acquisition Corp. (TSX:MAQ) ("ExchangeCo") are pleased to announce the results of their annual general meetings held on May 15, 2014. McEwen Mining reports that Robert McEwen, Allen Ambrose, Michele Ashby, Leanne Baker, Richard Brissenden, Gregory Fauquier, Donald Quick and Michael Stein were elected as directors of McEwen Mining. The shareholders of McEwen Mining also approved the compensation of McEwen Mining's named executive officers ("Say-on-Pay") and re-appointed KPMG LLP as auditors. ExchangeCo. reports that Ian Ball was elected as a director.
Detailed voting results for the re-election of directors of McEwen Mining are as follows:
Director | For | Withheld | Percentage For |
Percentage Withheld |
Mr. Robert McEwen | 140,089,849 | 605,731 | 99.6% | 0.4% |
Mr. Allen Ambrose | 134,076,877 | 6,618,703 | 95.3% | 4.7% |
Ms. Michele Ashby | 140,056,004 | 639,576 | 99.5% | 0.5% |
Dr. Leanne Baker | 140,036,634 | 458,946 | 99.5% | 0.5% |
Mr. Richard Brissenden | 112,649,675 | 28,945,905 | 80.1% | 19.9% |
Mr. Gregory Fauquier | 140,154,856 | 540,724 | 99.6% | 0.4% |
Dr. Donald Quick | 140,108,286 | 587,294 | 99.6% | 0.4% |
Mr. Michael Stein | 140,122,457 | 573,123 | 99.6% | 0.4% |
ExchangeCo. is a subsidiary of McEwen Mining and was formed to facilitate the acquisition of Minera Andes Inc. in 2012. In connection with this acquisition, ExchangeCo. issued exchangeable shares to holders of Minera Andes shares. The exchangeable shares are convertible on a one-for-one basis at any time into shares of McEwen Mining. Holders of exchangeable shares also vote on the same matters as holders of McEwen Mining common shares and their votes are included in the above results.