MAG Reports AGSM Results
(firmenpresse) - June 19, 2020, Vancouver, BC - MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or the Company - https://www.commodity-tv.com/play/mag-silver-corporate-teaser-2020/ ) reports that at its annual general and special meeting (the AGSM) held on June 18, 2020, MAGs Shareholders approved by majority: to reduce the size of the board to seven; to elect all seven directors standing for re-election; to re-appoint Deloitte LLP as the Companys auditor; to continue the Companys Stock Option and Share Unit Plans; to amend and continue the Companys Deferred Share Unit Plan; and to support the Companys approach to executive compensation.
Detailed results of the total shares voted at the AGSM are set out below along with the votes in regards to Say on Pay.
Total Total Total Vo% % Again
Motions Votes Votes tes For st
Cast For
Against
Number of Directors58,234,58,151,82,995 99.80.14
898 903 6
Nominees Total Total Total % %
Votes Votes Votes For Withhe
Cast For Withhel ld
d
Peter D. Barnes 58,234,58,085,149,399 99.70.26
898 499 4
Richard P. Clark 58,234,58,150,84,116 99.80.14
898 782 6
Jill D. Leversage 58,234,58,136,98,577 99.80.17
898 321 3
Daniel T. MacInnis 58,234,58,018,216,881 99.60.37
898 017 3
George N. Paspalas 58,234,58,153,81,232 99.80.14
898 666 6
Selma Lussenburg 58,234,58,156,78,678 99.80.14
898 220 6
Derek C. White 58,234,57,696,538,381 99.00.92
898 517 8
Total Total Total % %
Votes Votes Votes For Agains
Cast For Against t
Stock Option Plan 48,488,41,213,7,275,4285.015.00
643 219 4 0
Share Unit Plan 48,488,44,004,4,484,2090.79.25
643 438 5 5
Deferred Share 48,488,44,164,4,324,0991.08.92
Unit 643 544 9 8
Plan
Say on Pay 58,234,55,237,2,997,3994.85.15
898 503 5 5
Total Total Total % % Withh
Votes Votes Votes For eld
Cast For
Withheld
Appointment of 67,869,65,536,2,332,3996.53.44
Auditors 324 930 4 6
George Paspalas, President and CEO of MAG, extends his thanks to the Shareholders of the Company for their continued strong support.
About MAG Silver Corp.
MAG Silver Corp. is a Canadian advanced stage development and exploration company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed in a joint venture with Fresnillo (56%). The Juanicipio Project is located in the Fresnillo Silver Trend in Mexico, the world''s premier silver mining camp. The Juanicipio Joint Venture is currently constructing and developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation, with the operational expertise of Fresnillo, the project operator. As well, an expanded exploration program is in place at Juanicipio with multiple highly prospective targets across the property.
For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook, VP Investor Relations and Communications
Phone:--(604) 630-1399-Website:-www.magsilver.com
Toll Free:-(866) 630-1399-Email: --info(at)magsilver.com
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
#770 - 800 West Pender Street
Vancouver, BC V6C 2V6
P: 604-630-1399
F: 604-681-0894
Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.
This release includes certain statements that may be deemed to be forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions; the use of the net proceeds from the private placement is subject to change; political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Companys filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.
Please Note: Investors are urged to consider closely the disclosures in MAG''s annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov LEI: 254900LGL904N7F3EL14
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Datum: 22.06.2020 - 01:56 Uhr
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