RNC Minerals: Announces Results of Annual and Special Meeting of Shareholders
TORONTO, June 13, 2017 - RNC Minerals ("RNC") (TSX: RNX) is pleased to announce the voting results of its annual and special meeting of shareholders held today in Toronto. Election of Directors
The nominee directors listed in RNC's management information circular dated May 10, 2017 were elected as directors. The shareholders represented by proxy at the meeting voted as follows:
| Director | Votes For (by proxy) | |
| Peter Goudie | 76,856,565 | 98.39% |
| Scott M. Hand | 69,627,160 | 89.13% |
| Peter C. Jones | 69,520,110 | 89.00% |
| Donald McInnes | 66,845,439 | 85.57% |
| Frank Marzoli | 69,570,610 | 89.06% |
| Gilles Masson | 76,865,665 | 98.40% |
Other Items
The resolution to authorize an amendment to the Articles of the Corporation to change the name of the Corporation from "Royal Nickel Corporation" to "RNC Minerals Corp." or such other name as may be determined by the Board and applicable regulatory authorities was approved by 99.4%.
The resolution to reappoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company to hold office until the next annual meeting of shareholders and to authorize the directors to fix the remuneration to be paid to the auditors was approved by 99.5%
The resolution to amend and restate the Corporation's shareholder rights plan and to extend its expiry date was withdrawn by the Corporation's board of directors prior to the commencement of formal business at the meeting. Accordingly, the plan lapsed as of June 13, 2017.
About RNC
RNC is a multi-asset mineral resource company focused primarily on the acquisition, exploration, evaluation and development of base metal and precious metal properties. RNC's principal assets are the producing Beta Hunt gold and nickel mine in Western Australia, a 50% interest in the nickel joint venture with Waterton that holds the Dumont Nickel Project in the Abitibi region of Quebec, and a 30% stake in the producing Reed Mine in the Flin Flon-Snow Lake region of Manitoba, Canada. RNC also owns a majority interest in the West Raglan and Qiqavik projects in Northern Quebec. RNC has a strong management team and Board with over 100 years of mining experience at Inco and Falconbridge. RNC's common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of RNC, production guidance and the potential of the Beta Hunt and Reed mines.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE RNC Minerals
Contact
Rob Buchanan, Director, Investor Relations, T: (416) 363-0649, www.rncminerals.com