Nevada Copper Election of New Director and Annual Meeting Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 29, 2015) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or "Company") - The Board of Directors of Nevada Copper is very pleased to announce the election of Mr. James Askew to its Board of Directors.
Mr. Askew holds a Bachelor of Mining Engineering (Honours) and Master's Degree in Engineering Science and has over 40 years of international experience as a Director and/or Chief Executive Officer. Mr. Askew has extensive technical expertise in both open pit and underground mines including design, construction and operations in all major continents. In addition to his vast technical experience, Mr. Askew has overseen numerous financings, M&A successes and assembling of key personnel for mine-building teams.
Mr. Askew is currently the Chairman of OceanaGold Corp. and Syrah Resources, as well as a Director of Evolution Mining and Asian Mineral Resources. Other past listed company directorships include PMI Gold (Chairman), Sino Gold (Chairman), Yamana Gold (Non-Executive Director), and Ivanhoe Australia (Non-Executive Director).
Mr. Bonifacio, President & CEO, commented, "On behalf of Nevada Copper's Board of Directors, we welcome Jim to Nevada Copper. Jim's extensive background in construction and operation of surface and underground mines along with his proven leadership and wide knowledge of the industry will prove invaluable to Nevada Copper as we move the Pumpkin Hollow copper development project forward to production."
Annual and Special Meeting Results
The Company is pleased to announce the results from its 2015 Annual and Special Meeting (the "Meeting"), held on Friday, June 26th in Vancouver, B.C. Shareholders holding a total of 56,666,742 common shares of the Company attended the meeting in person or were represented by proxy, representing 70% of the total 80,501,458 common shares of the Company outstanding as of the record date. Shareholders voted in favour of all items of business before the Meeting, including the appointment of auditors, the election of all directors and the re-pricing of certain stock options held by insiders.
1. Appointment of Auditor
KPMG was appointed as the Company's auditor and the directors were authorized to fix the auditor's remuneration.
2. Determination of the Number of Directors
The number of directors was determined at nine.
3. Election of Directors
The following persons were elected as Directors of the Company until the next annual meeting with the voting results shown below:
| Director | Votes For | % For | Votes Against | % Against | ||||
| Victor Bradley, Lead Director | 53,633,655 | 99.71 | 155,812 | 0.29 | ||||
| James Askew | 53,635,655 | 99.71 | 153,812 | 0.29 | ||||
| Michael Barton | 53,667,655 | 99.77 | 121,812 | 0.23 | ||||
| Giulio Bonifacio | 53,667,428 | 99.77 | 122,039 | 0.23 | ||||
| Michael Brown | 53,665,655 | 99.77 | 123,812 | 0.23 | ||||
| Philip Clegg | 53,664,255 | 99.77 | 125,212 | 0.23 | ||||
| Daniel Dumas | 53,664,755 | 99.77 | 124,712 | 0.23 | ||||
| Joseph Giuffre | 53,664,328 | 99.77 | 125,139 | 0.23 | ||||
| Paul Matysek | 53,662,355 | 99.76 | 127,112 | 0.24 |
4. Stock Option Re-pricing
The following ordinary resolution to approve the repricing of stock options held by insiders of the Company was approved. The ordinary resolution was approved by the disinterested shareholders of the Company with the following results:
Disinterested Shareholders
| Votes For | 45,845,129 | (97.25%) | |
| Votes Against | 1,294,128 | (2.75%) | |
| Votes Withheld | 0 | (0%) | |
| Total Common Shares Voted | 47,139,257 | (100%) |
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
Cautionary Language
We seek safe harbour.
Contact
Nevada Copper Corp.
Eugene Toffolo
VP, Investor Relations & Communications
604-683-8266 or Toll free: 1-877-648-8266
etoffolo@nevadacopper.com
Nevada Copper Corp.
Robert McKnight, P.Eng., MBA
Executive Vice President & CFO
604-683-1309
bmcknight@nevadacopper.com
