Foran Announces Results of Annual and Special Meeting
Press Release
Vancouver, BC (May 9, 2024) Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to announce the voting results from the Company’s annual and special meeting of shareholders of the Company held on May 9th, 2024 (the “Meeting”).
A total of 171,528,263 common shares of the Company were represented at the Meeting, representing 56.2% of the Company’s outstanding common shares as at the record date of March 25, 2024. Shareholders voted in favour of all matters brought before them at the Meeting, which matters are discussed in detail in the Company’s Management Information Circular dated April 3, 2024 that is available on SEDAR+ at www.sedarplus.ca and the Company’s website at www.foranmining.com.
The following voting results are based on the total number of votes that were cast at the Meeting:
| Appointment of Auditors | For | Withheld | Outcome | |
| Appoint KPMG LLP, Auditors of the | 170,937,397 (99.7%) | 590,866 (0.3%) | Carried | |
| Company for the ensuing year and to | ||||
| authorize Directors to fix their | ||||
| remuneration | ||||
| Number of Directors | For | Against | Outcome | |
| Set the number of directors at seven | 171,527,123 (100.0%) | 1,140 (0.0%) | Carried | |
| (7) | ||||
| Election of Directors | For | Withheld | Outcome | |
| Elect the following nominees as | ||||
| directors of the Company | ||||
| Maurice Tagami | 170,372,617 (99.3%) | 1,155,646 (0.7%) | Carried | |
| David Petroff | 171,527,394 (100.0%) | 869 (0.0%) | Carried | |
| Daniel Myerson | 171,280,930 (99.9%) | 247,333 (0.1%) | Carried | |
| Wayne Wouters | 154,744,372 (90.2%) | 16,783,891 (9.8%) | Carried | |
| Majd Bakar | 170,228,127 (99.2%) | 1,300,136 (0.8%) | Carried | |
| Jessica McDonald | 170,230,168 (99.2%) | 1,298,085 (0.8%) | Carried | |
| Nancy Guay | 171,370,029 (99.9%) | 158,234 (0.1%) | Carried | |
| Employee Share Purchase Plan | For | Against | Outcome | |
| Approve the Company’s Employee | 150,216,498 (87.6%) | 21,311,765 (12.4%) | Carried | |
| Share Purchase Plan | ||||
| Alteration to Articles | For | Against | Outcome | |
www.foranmining.com
Approve the alteration of the 149,596,384 (87.2%) 21,931,879 (12.8%) Carried Company’s Articles to remove the
provisions of Section 15 which permit
the appointment of alternate directors
A report on all items of business voted at the Meeting has been filed on SEDAR+ (www.sedarplus.ca).
FOR ADDITIONAL INFORMATION & MEDIA ENQUIRIES:
Foran:
Jonathan French, CFA
Director, Investor Relations
409 Granville Street, Suite 904
Vancouver, BC, Canada, V6C 1T2
info@foranmining.com
604-488-0008
IBF4
