Trading Symbols:
TSX: SEA
NYSE:SA
TORONTO,
June 25, 2014 /CNW/ -
Seabridge Gold today provided the results of its
annual general meeting of shareholders held on June 24, 2014. A total of 36,970.318 common
shares were voted at the meeting, representing 81.11% of the issued
and outstanding common shares of the corporation. All matters
presented for approval at the meeting were duly authorized and
approved, as follows:
- Election of all management nominees to the board of directors
of the corporation;
- Appointment of KPMG LLP as auditor of the corporation for the
ensuing year;
- Authorization of the directors to fix the auditors
remuneration;
- Approval of certain option grants to directors of the
Corporation, including a grant to a new director.
- Approval of the Restricted Share Unit Plan of the Corporation
and grants under such Plan.
Detailed voting results for the election of
directors were as follows:
| Director |
Votes For |
Votes Withheld |
Percentage For |
Percentage Withheld |
| A. Frederick Banfield |
21,615,094 |
3,832,793 |
84.94% |
15.06% |
| D. Scott Barr |
25,196,586 |
251,301 |
99.01% |
0.99% |
| Thomas C. Dawson |
25,290,775 |
157,111 |
99.38% |
0.62% |
| Eliseo Gonzalez-Urien |
25,037,591 |
410,296 |
98.39% |
1.61% |
| Richard C. Kraus |
25,243,614 |
204,272 |
99.20% |
0.80% |
| Jay S. Layman |
25,063,893 |
383,993 |
98.49% |
1.51% |
| John W. Sabine |
25,249,702 |
198,184 |
99.22% |
0.78% |
| Rudi P. Fronk |
25,093,700 |
354,187 |
98.61% |
1.39% |
A total of 11,522,432 shares were "non-votes" under U.S. proxy
rules and were not cast with respect to the election of each of the
directors.
Of the eight above-listed directors, seven were re-elected to
the Board. The new director, John W.
Sabine, is one of Canada's
best known mining attorneys with over 40 years of legal expertise
in mining, corporate reorganizations, securities, financings, and
mergers and acquisitions. He has also served as a director of a
number of successful public resource companies.
Commenting on the Seabridge Board, Chairman and
CEO Rudi Fronk noted that "the
Company has now added four new directors in the past three years,
all of whom have extensive experience in the mining industry.
John Sabine brings to the Board
considerable depth of experience in the execution of major mining
transactions such as joint ventures, acquisitions and divestitures.
With our stated goal of transitioning KSM from a 100% owned asset
to a joint venture with a major mining company, his experience will
be invaluable."
Retiring at this year's annual meeting was
Louis J. Fox who had served the
Company as a Director since 1999. "For the past fourteen plus
years, Louis has served Seabridge's shareholders well. On behalf of
the Board and all of our shareholders, I would like to thank Louis
for his dedication and contribution to the Company. I am pleased to
note that Louis has agreed to continue in a consulting role," said
Mr. Fronk
Seabridge holds a 100% interest in several North
American gold projects. The Company's principal assets are the KSM
property located near Stewart, British
Columbia, Canada and the Courageous Lake gold project
located in Canada's Northwest Territories. For a breakdown of
Seabridge's mineral reserves and mineral resources by category
please visit the Company's website at
http://www.seabridgegold.net/resources.php.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman & C.E.O.
SOURCE Seabridge Gold Inc.