TMAC Resources Announces Results of Annual and Special Meeting of Shareholders
TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) is pleased to announce the results of the 2019 Annual General and Special Meeting of Shareholders held on June 19, 2019 in Toronto, Ontario. The Company is also announcing the retirement of John Lydall from the Board of Directors.
Terry MacGibbon, Executive Chairperson, stated, “On behalf of the Board of Directors and management, I would like to thank John Lydall for his contributions and years of dedicated service. John has been a valued member of the TMAC Board since the beginning. We wish him all the best in his retirement.”
RESULTS OF THE ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Election of Directors: Each of the nominee directors listed in TMAC’s management information circular dated May 9, 2019 was elected as per the votes below.
| Nominee | Votes For | % For | Votes | % Withheld |
| Andrew B. Adams | 93,227,802 | 99.86% | 129,202 | 0.14% |
| Leona Aglukkaq | 93,044,159 | 99.66% | 312,845 | 0.34% |
| João P. S. Carrêlo | 92,923,898 | 99.54% | 433,106 | 0.46% |
| Franklin L. Davis | 93,027,418 | 99.65% | 329,586 | 0.35% |
| E. Randall Engel | 93,006,046 | 99.62% | 350,958 | 0.38% |
| A. Terrance MacGibbon | 92,989,080 | 99.61% | 367,924 | 0.39% |
| David W. McLaren | 93,007,146 | 99.63% | 349,858 | 0.37% |
| Jason R. Neal | 93,315,000 | 99.96% | 42,004 | 0.04% |
| Jacques Perron | 93,334,215 | 99.98% | 22,789 | 0.02% |
Appointment of Auditors: KPMG LLP was appointed as the Company’s auditor and the directors were authorized to fix the auditor’s remuneration.
|
| Votes For | % For | Votes Withheld | % Withheld |
| Appointment of Auditors | 93,373,118 | 100.00% | 4,626 | 0.00% |
Amended and Restated Incentive Plan: The amended and restated incentive plan resolution outlined in TMAC’s management information circular dated May 9, 2019 was approved as per the votes below.
|
| Votes For | % For | Votes Withheld | % Withheld |
| Incentive Plan | 85,697,700 | 91.80% | 7,656,204 | 8.20% |
“Say on Pay” Advisory Vote: The shareholders have accepted the approach to executive compensation disclosed in TMAC’s management information circular dated May 9, 2019.
|
| Votes For | % For | Votes Withheld | % Withheld |
| Say on Pay | 89,744,331 | 96.39% | 3,358,740 | 3.61% |
ABOUT TMAC RESOURCES INC.
TMAC operates Hope Bay located in Nunavut, Canada. The property and operations are remote but not isolated, serviced by both a port and airstrip. Hope Bay is an 80 km by 20 km Archean greenstone belt that has been explored by BHP, Miramar, Newmont and TMAC over a period spanning more than 30 years. In that time, more than $1.5 billion of expenditures have been incurred for exploration and evaluation, surface infrastructure, and mine and process plant development. TMAC began producing gold in early 2017 from Doris, its first mine at Hope Bay, and processed gold at the Doris Plant which originally had nameplate capacity of 1,000 tonnes per day and expanded to 2,000 tonnes per day midway through 2018. Hope Bay has 4.8 million ounces of measured and indicated resources at Doris, Madrid and Boston deposits, largely within 350 metres of surface. There is potential to grow these established deposits considerably at depth, and then grow resources further through the prioritized exploration of the more than 90 other identified regional targets. TMAC is also now permitted to produce from both Madrid and Boston.
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Contact
For further information please contact:
TMAC Resources Inc.
Jason Neal
President and Chief Executive Officer
Phone: 416-628-0216
Lisa Wilkinson
Director, Investor Relations and Strategic Development
Phone: 416-628-0216
Lisa.Wilkinson@tmacresources.com
www.tmacresources.com
