VANCOUVER, British Columbia, Sept. 09, 2022 (GLOBE NEWSWIRE) — Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the detailed voting results of the proposals considered at its annual meeting of shareholders held on September 8, 2022 (the “Meeting”). A total of 8,747,150 or 16.6% of the issued and outstanding shares of the Company were represented at the Meeting.
The shareholders of the Company voted to fix the number of directors at seven (7) (7,542,371 or 96.5% voted “For”, and 273,923 or 3.5% voted “Against”).
The following nominees, as listed in Arras’ management information circular, were elected directors of the Company:
|Director||vote for||%||Votes withheld||%|
|G. Wesley Carson||7,758,949||99.3%||57,345||0.7%|
Brian Edgar, Chairman, said: “We are very pleased to welcome Christian Milau to the Arras Board of Directors. Christian brings extensive industry experience over the past 25 years and we look forward to working with him as a significant new addition to our Board of Directors.
Arras is also pleased to announce that the shareholders of the Company have ratified and approved the appointment of Smythe LLP as auditors of the Company, for the year ending October 31, 2022 (8,737,070 or 99.9% voted “For” and 10,080 or 0.1% abstained vote).
Finally, a majority of the Company’s shareholders voted to approve and adopt the Company’s stock incentive plan (7,506,323 or 96.0% voted “For” and 309,971 or 4.0% voted ” Versus “).
Full details of the proposals are fully described in the Company’s management information circular filed July 29, 2022 available on SEDAR at www.sedar.com.
On behalf of the Board of Directors
Tim Barry, MAusIMM CP(Geo)
Chairman and Chief Executive Officer and Director
+1 604 687 5800
About Arras Minerals Corp.
Arras Minerals Corp. is a public company incorporated in British Columbia that trades on the TSX-V stock exchange under the symbol “ARK”. The Company is advancing a portfolio of copper and gold assets in northeast Kazakhstan, including the option agreement on the Beskauga copper and gold project.
Further information can be found on the Company’s website https://www.arrasminerals.com or follow us on LinkedIn: https://www.linkedin.com/company/arrasminerals
Caution Regarding Forward-Looking Statements: This press release contains forward-looking statements regarding future events and future results of Arras that are subject to the safe harbors created under the United States Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among other things, statements regarding the use of the net proceeds of the recent private placement, plans and expectations for the drilling program that Arras is undertaking, including the expansion of the mineral resource , and other aspects of the Mineral Resource Estimates for the Beskauga Project. These statements are based on current expectations, estimates, forecasts and projections regarding Arras’ exploration plans, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects”, “anticipates”, “targets”, “goals”, “projects”, “intends”, “plans”, “believes”, “seeks”, “estimates” , “continue”, “may”, variations of these words, and similar expressions and references in the future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including the completion of additional exploration activities, the results of such exploration activities and that these results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, availability of sufficient future funding and other matters discussed under “Risk Factors” in the non-offering prospectus filed on the Company’s profile on SEDAR on May 31, 2022 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2021 filed with the United States Securities and Exchange Commission filed February 17, 2022 available at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied by the forward-looking statements. Any forward-looking statement made by the Company in this release is based solely on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to update publicly any forward-looking statements, written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.