Orogen Royalties Announces Results of the 2024 Annual General and Special Meeting
Rhea-AI Summary
Orogen Royalties held its Annual General and Special Meeting on October 29, 2024, with shareholders approving all presented matters. The meeting saw participation through proxy voting of 67,895,414 shares, representing 33.67% of outstanding shares. Key approvals included director nominations with over 98% approval rates, appointment of auditor (99.98%), re-adoption of Omnibus Equity Incentive (99.77%), and re-confirmation of Shareholders Rights Plan (99.95%). The company holds royalties in the producing Ermitaño Mine in Mexico (2.0% NSR) and Silicon gold project in Nevada (1.0% NSR).
Positive
- High approval rates (>98%) for all meeting resolutions indicating strong shareholder support
- Holds revenue-generating royalty (2.0% NSR) in producing Ermitaño gold and silver Mine
- Strategic 1.0% NSR royalty in AngloGold Ashanti's Silicon gold project
Negative
- Low shareholder participation rate (33.67%) in voting
News Market Reaction – OGNRF
In the trading session that priced this news, OGNRF declined 3.08%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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VANCOUVER, BC / ACCESSWIRE / October 30, 2024 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the voting results for its Annual General and Special Meeting (the "Meeting") of shareholders held October 29, 2024.
A total of 67,895,414 shares were voted by proxy representing
Director Nominee | Votes | Votes | Withheld/ | % For | % Against | % Withheld/ |
Number of Directors | 67,878,073 | 17,341 | - | - | ||
J. Patrick Nicol | 67,161,378 | - | 734,036 | - | ||
Justin Quigley | 67,887,673 | - | 7,741 | - | ||
Roland Butler | 67,887,593 | - | 7,821 | - | ||
Samantha Shorter | 67,866,173 | - | 29,241 | - | ||
Timothy Janke | 67,887,673 | - | 7,741 | - | ||
Appointment of Auditor | 67,882,960 | - | 12,454 | - | ||
Re-Adoption and Re-Approval of the Omnibus Equity Incentive | 67,738,743 | 156,671 | - | - | ||
Re-Confirmation of Shareholders Rights Plan | 67,858,991 | 36,423 | - | - |
Each of the resolutions approved at the Meeting are described in detail in the Company's Management Proxy Circular dated September 16, 2024, available on SEDAR+ at www.sedarplus.ca and the Company's website at www.orogenroyalties.com.
About Orogen Royalties Inc.
Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the producing Ermitaño gold and silver Mine in Sonora, Mexico (
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.
Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Furthermore, the extent to which COVID-19 may impact the Company's business will depend on future developments such as the geographic spread of the disease, the duration of the outbreak, travel restrictions, physical distancing, business closures or business disruptions, and the effectiveness of actions taken in Canada and other countries to contain and treat the disease. Although it is not possible to reliably estimate the length or severity of these developments and their financial impact as of the date of approval of these condensed interim consolidated financial statements, continuation of the prevailing conditions could have a significant adverse impact on the Company's financial position and results of operations for future periods.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Orogen Royalties Inc
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