Subject: ANNUAL MEETINGS
Xanadu Mines Results of 2023 Annual General Meeting
TORONTO, May 30, 2023 (GLOBE NEWSWIRE) --
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth), the results of Xanadu Mines Ltd's 2023 Annual General Meeting held as a Hybrid Meeting today, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the items of business considered at the Annual General Meeting.
For further information, please contact:
| Colin Moorhead Executive Chairman & Managing Director P: +61 2 8280 7497 E: colin.moorhead@xanadumines.com W: www.xanadumines.com | Spencer Cole Chief Financial Officer P: +61 2 8280 7497 E: spencer.cole@xanadumines.com |
This Announcement was authorised for release by the Executive Chairman and Managing Director.
Xanadu Mines Ltd
Annual General Meeting
Monday, 29 May 2023
Results of Meeting
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.
| Resolution details | Instructions given to validly appointed proxies (as at proxy close) | Number of votes cast on the poll (where applicable) | Resolution Result | ||||||
| Resolution | Resolution Type | For | Against | Proxy's Discretion | Abstain | For | Against | Abstain* | Carried/ Not Carried |
| 1 Re-election of Director - Mr. Ganbayar Lkhagvasuren | Ordinary | 694,240,325 90.71% | 70,787,613 9.25% | 324,778 0.04% | 16,958,329 | 698,747,758 90.80% | 70,787,613 9.20% | 16,958,329 | Carried |
| 2 Re-election of Director - Mr. Shaoyang Shen | Ordinary | 704,723,654 90.13% | 76,862,613 9.83% | 324,778 0.04% | 400,000 | 709,231,087 90.22% | 76,862,613 9.78% | 400,000 | Carried |
| 3 Remuneration Report | Ordinary | 743,619,539 98.96% | 7,489,794 1.00% | 324,778 0.04% | 0 | 748,126,972 99.01% | 7,489,794 0.99% | 0 | Carried |
| 4 Ratification of Prior Issue of Shares ? 24 January 2023 | Ordinary | 724,223,587 98.99% | 7,118,916 0.97% | 324,778 0.04% | 100,007 | 728,731,020 99.03% | 7,118,916 0.97% | 100,007 | Carried |
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
PDF of voting results available at: http://ml.globenewswire.com/Resource/Download/f09d783c-5a54-4e15-bb47-cdfae89a49a1
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