Altius Reports on 2013 AGM Results
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ST. JOHN'S, NEWFOUNDLAND--(Marketwired - Sep 20, 2013) - Altius (TSX:ALS) reports that all resolutions presented at its September 19th, 2013 Annual and Special Meeting were approved by shareholders, including the re-election of directors John Baker, Brian Dalton, Fred Mifflin, Susan Sherk, Jamie Strauss and Don Warr. The detailed results of the proxies submitted for the vote on the election of directors are as displayed in the table below. The final voting results on each of the other items of business and respective resolutions have been filed on SEDAR.
Director | Votes for | % of votes for | Votes withheld | % of votes withheld |
John Baker | 11,311,173 | 95.21% | 569,658 | 4.79% |
Brian Dalton | 11,845,819 | 99.71% | 35,012 | 0.29% |
Frederick Mifflin | 11,844,231 | 99.69% | 36,600 | 0.31% |
Susan Sherk | 11,349,556 | 95.53% | 531,275 | 4.47% |
Jamie Strauss | 11,747,099 | 99.61% | 46,362 | 0.39% |
Donald Warr | 11,339,006 | 95.44% | 541,825 | 4.56% |
About Altius
Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. Altius has a strong financial position with total assets of approximately $269 million, including $135 million in cash and marketable securities. It has also built a portfolio of directly and indirectly held junior resource investments, including 32.9 million shares of Alderon Iron Ore Corp. (TSX:ADV).
Altius owns a 3% gross sales royalty on the Kami iron ore project of Alderon, an effective 0.3% net smelter return royalty on the producing Voisey's Bay nickel-copper-cobalt mine, a 2% gross sales royalty on uranium in the Central Mineral Belt project of Paladin Energy Ltd., and several earlier stage resource project royalties. Its growing project generation pipeline consists of a diversified portfolio of exploration projects, many of which have attracted joint venture funding partners.
Altius is a member of the S&P/TSX Global Mining Index and currently has 27,762,604 shares outstanding.