Shareholders also overwhelmingly approve CITIC Metal Africa's additional C$612 million (US$464 million) investment in Ivanhoe Mines Ltd.
Vancouver, June 28, 2019 - Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company's Annual and Special Meeting held earlier today. The nominees listed in the management proxy circular dated May 16, 2019, were elected as directors, as shown in the following table of results.
Director nominee
Outcome
Votes for
% for
Votes withheld
% withheld
Robert M. Friedland
Elected
779,270,671
98.31
13,427,419
1.69
Yufeng (Miles) Sun
Elected
777,134,193
98.04
15,563,897
1.96
Egizio Bianchini
Elected
777,271,791
98.05
15,426,299
1.95
Tadeu Carneiro
Elected
779,261,113
98.30
13,436,977
1.70
Jinghe Chen
Elected
792,281,390
99.95
416,700
0.05
William B. Hayden
Elected
789,205,896
99.56
3,492,194
0.44
Livia Mahler
Elected
788,497,200
99.47
4,200,890
0.53
Peter G. Meredith
Elected
776,266,373
97.93
16,431,717
2.07
Kgalema P. Motlanthe
Elected
781,215,274
98.55
11,482,816
1.45
Guy J. de Selliers
Elected
777,236,656
98.05
15,461,434
1.95
Shareholders also voted 99.93% in favour of passing the ordinary resolution approving the issuance of 153,821,507 Class A shares to CITIC Metal Africa Investments Limited under the terms of a Subscription Agreement dated April 25, 2019 between Ivanhoe and CITIC Metal Africa, a direct subsidiary of CITIC Metal Co., Ltd., whereby CITIC Metal Africa has agreed to invest an additional C$612 million (approximately US$464 million) in Ivanhoe Mines Ltd. at C$3.98 per share. The CITIC Metal Africa investment has received CITIC Metal's internal approvals and is expected to close no later than September 7, 2019.
Details of votes on all matters of business considered at the Annual and Special Meeting will be available in the company's report of voting results on SEDAR (www.sedar.com).
Information contacts
Investors Bill Trenaman +1.604.331.9834
Media Kimberly Lim +1.778.996.8510
Website www.ivanhoemines.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45979
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