TSXV: AZM
OTCQX: AZMTF
LONGUEUIL, QC, March 3,
2023 /CNW/ - Azimut Exploration
Inc. ("Azimut" or the "Company") (TSXV: AZM) (OTCQX:
AZMTF) is pleased to announce the voting results for its Annual
General Meeting (the "Meeting") of shareholders held February 23, 2023.
A total of 42,621,235 shares were present in person or by proxy
at the Meeting representing 53.69% of the issued and outstanding
shares of the Company. Shareholders approved all matters
presented at the meeting as follows:
|
Votes For
|
% For
|
Vote
Withheld
|
% Withheld
|
Total Voted
|
|
Elections of
Directors
|
|
|
|
|
|
|
Glenn J.
Mullan
|
37,947,295
|
92.51 %
|
3,074,138
|
7.49 %
|
41,021,433
|
|
Jean-Marc
Lulin
|
40,990,633
|
99.92 %
|
30,800
|
0.08 %
|
41,021,433
|
|
Jean-Charles
Potvin
|
40,883,633
|
99.66 %
|
137,800
|
0.34 %
|
41,021,433
|
|
Jacques
Simoneau
|
40,912,267
|
99.73 %
|
109,166
|
0.27 %
|
41,021,433
|
|
Angelina
Mehta
|
40,984,367
|
99.91 %
|
37,066
|
0.09 %
|
41,021,433
|
|
Michel
Brunet
|
40,991,867
|
99.93 %
|
29,566
|
0.07 %
|
41,021,433
|
|
Christiane
Bergevin
|
40,984,127
|
99.91 %
|
37,306
|
0.09 %
|
41,021,433
|
|
Appointment of
Auditors
|
41,944,830
|
99.71 %
|
123,700
|
0.29 %
|
42,068,530
|
Each of the resolutions approved at the Meeting are described in
detail in the Company's Management Proxy Circular dated
January 19, 2023, available on SEDAR
at www.sedar.com.
Following the Meeting, the board of directors reappointed the
following officers of the Company: Jean-Marc Lulin, President and CEO; Moniroth
Lim, CFO and Corporate Secretary; Jonathan
Rosset, VP Corporate Development.
A detailed strategic update and outlook on Azimut's plan for
2023 was published on February 23,
2023.
About Azimut
Azimut is a leading mineral exploration company with a solid
reputation for target generation and partnership development. The
Company holds the largest mineral exploration portfolio in
Quebec. Its wholly-owned
flagship Elmer Gold Project is actively advanced
to the initial resource stage in the James Bay region. Azimut
also controls a strategic land position for copper-gold, nickel and
for lithium including projects with significant discoveries
directly on strike on adjacent projects. At least 10 work programs
are planned for 2023 including an aggressive lithium focused field
assessment phase as early as possible after the winter season.
Azimut uses a pioneering approach to big data
analytics (the proprietary AZtechMine™ expert
system), enhanced by extensive exploration know-how. Azimut's
competitive edge is based on systematic regional-scale data
analysis and concurrently active projects.
Azimut is led by a team with a wide range of national and
international expertise in the mining industry, including
technical, financial and legal experience from exploration to
production. The Company maintains rigorous financial discipline and
a strong balance sheet, with 79.5 million shares issued and
outstanding.
www.azimut-exploration.com
This press release contains forward-looking statements, which
reflect the Company's current expectations regarding future events.
To the extent that any statements in this press release contain
information that is not historical, the statements are essentially
forward-looking and are often identified by words such as
"anticipate", "expect", "estimate", "intend", "project", "plan" and
"believe". The forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. There are many factors that could cause
such differences, particularly volatility and sensitivity to market
metal prices, impact of change in foreign currency exchange rates
and interest rates, imprecision in reserve estimates, environmental
risks including increased regulatory burdens, unexpected geological
conditions, adverse mining conditions, changes in government
regulations and policies, including laws and policies, and failure
to obtain necessary permits and approvals from government
authorities, as well as other development and operating risks.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of the date
of this document. The Company disclaims any intention or obligation
to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise, other than
as required to do so by applicable securities laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Azimut Exploration Inc.