Sprott Resource Corp. Announces Results of its Annual Meeting of Shareholders
TORONTO, June 5, 2013 /CNW/ - Sprott Resource Corp. ("SRC" or the
"Corporation") (TSX: SCP) reported the results of its Annual Meeting of the
Corporation's shareholders ("Shareholders") held earlier today (the
"Meeting"). SRC is pleased to announce that all resolutions put forward in the
Management Information Circular dated May 1, 2013 (the "Circular") to
Shareholders were approved.
At the Meeting, each of the following six nominees proposed by management was
elected as a director of SRC:
|Nominee |Votes For |% For |Votes Withheld|% Withheld|
|Kevin Bambrough |36,763,919|97.10%| 1,096,246 | 2.90% |
|Lenard F. Boggio |35,520,000|93.82%| 2,340,165 | 6.18% |
|John P. Embry |36,765,919|97.11%| 1,094,246 | 2.89% |
|Peter Grosskopf |36,641,787|96.78%| 1,218,378 | 3.22% |
|Ron F. Hochstein |35,805,361|94.57%| 2,054,804 | 5.43% |
|Terrence A. Lyons|35,017,083|92.49%| 2,843,082 | 7.51% |
With the exception of Mr. Hochstein, those elected previously served on the
Board of Directors of the Corporation (the "Board"). SRC would like to welcome
Mr. Hochstein to the Board and thank the other directors for their continued
service. Mr. Michael Winn, a previous director and Chair of the Board, did not
stand for re-election at the Meeting. The Corporation would like to thank Mr.
Winn for his contribution to SRC and wish him continued success. Mr. Bambrough
was appointed as Chair of the Board and Mr. Lyons was appointed as Lead
In addition to the election of directors, Shareholders also appointed
PricewaterhouseCoopers LLP, Chartered Accountants, of Vancouver, British
Columbia as auditors for the Corporation for the ensuing year and confirmed
the amendment to SRC's by-laws that was previously effected by the Board on
November 14, 2012.
For further details of each of the above matters, please refer to the
Management Information Circular of the Corporation dated May 1, 2013 filed on
the System for Electronic Document Analysis and Retrieval (SEDAR) at
About Sprott Resource Corp.
SRC is a Canadian-based company, the primary purpose of which is to invest and
operate in natural resources. Through acquisitions, joint ventures and other
investments, SRC seeks to provide its shareholders with exposure to the
natural resource sector for the purposes of capital appreciation and real
wealth preservation. SRC is well positioned to draw upon the considerable
experience and expertise of both its Board of Directors and Sprott Consulting
Limited Partnership (SCLP), of which Sprott Inc. is the sole limited
partner. Pursuant to a management services agreement between SCLP and SRC,
SCLP provides day-to-day business management for SRC as well as other
management and administrative services. SRC invests and operates through
Sprott Resource Partnership (SRP), a partnership between SRC and Sprott
Resource Consulting Limited Partnership, an affiliate of SCLP which is the
managing partner of SRP.
Stephen Yuzpe Chief Financial Officer Sprott Resource Corp. 200 Bay Street,
Suite 2750 Toronto, Ontario M5J 2J2 Tel: (416) 977-7333 Fax: (416) 977-9555
SOURCE: Sprott Resource Corp.
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-0- Jun/05/2013 20:30 GMT
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