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Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTCQB: KERMF, FRA: 7AZ1) is pleased to announce that shareholders voted in favour of all resolutions presented in its management information circular at the annual meeting (the "Meeting") held on October 24, 2017. A total of 102,449,584 common shares were voted at the Meeting, representing 43.5% of the votes attached to all outstanding common shares and voting results are as follows:
Election of Directors Outcome Votes For Votes Withheld
--------------------- ------- --------- --------------
Fahad Al Tamimi Carried 89,467,974 15,229
99.98% 0.02%
Claudio Ciavarella Carried 89,456,026 27,177
99.97% 0.03%
Martin Kostuik Carried 89,455,913 27,290
99.97% 0.03%
Peter Damouni Carried 89,456,019 27,184
99.97 0.03%
Ayman Arekat Carried 89,456,607 26,596
0.03%
99.97%
James McVicar Carried 89,472,029 11,174
99.99% 0.01%
APPOINTMENT OF AUDITORS Carried 89,528,745 10,147
99.99% 0.01%
About Kerr Mines Inc. Kerr Mines is a North American gold development and exploration company currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 4,775 hectare (11,800 acres) land package that includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about K err Mines' business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Kerr Mines Inc.
View original content: http://www.newswire.ca/en/releases/archive/October2017/25/c6035.html
SOURCE: Kerr Mines Inc.
Claudio Ciavarella, Chief Executive Officer, cciavarella@kerrmines.com, 416-855-9305
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