DENVER--(BUSINESS WIRE)--
Solitario Exploration & Royalty Corp. (“Solitario;” NYSE MKT: XPL;
TSX: SLR) is pleased to announce the results of its annual
meeting of shareholders held on August 14, 2015 in Solitario’s corporate
headquarters in Wheat Ridge, Colorado. A total of 34,074,372 common
shares, representing approximately 86.67% of common shares were
represented in person or by proxy at the meeting.
Solitario shareholders overwhelmingly approved the proposal to sell the
Company’s 80% membership interest in Mt. Hamilton LLC (see Solitario
news release dated June 11, 2015) to Waterton Nevada Splitter, LLC, a
wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP
(collectively, “Waterton”). Excluding broker non-votes, a total of
25,569,492 shares or (65.04%) of all shareholders and (99.83%) of those
voting on the Transaction voted in favor of the sale, with only 26,388
shares or (0.10%) voting against.
In addition, the five director nominees proposed by management were
elected at the Meeting. The results of the voting for the five directors
were as follows:
Name of Nominee
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Votes For
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Votes Withheld
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Number of Votes Cast
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Percentage of Votes Cast
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Number of Votes Cast
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Percentage of Votes Cast
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Brian Labadie
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24,947,423
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97.46
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473,281
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1.85
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Mark E. Jones, III
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22,039,196
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86.10
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2,142,432
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8.37
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John Hainey
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23,299,843
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91.02
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1,312,761
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5.13
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Leonard Harris
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20,785,121
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81.15
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3,263,623
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12.74
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Christopher E. Herald
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25,299,343
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98.83
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138,376
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0.54
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Shareholders also approved, on an advisory basis, the compensation
program of the Company’s named executive officers as well as the
appointment of EKS&H LLLP as auditors for the ensuing year.
About Solitario
Solitario is an exploration and royalty company. Solitario has a joint
venture with Minera Milpo (a Peruvian zinc miner) on its high-grade
Bongará zinc project in Peru. Solitario is traded on the NYSE MKT ("XPL")
and on the Toronto Stock Exchange ("SLR"). Additional
information about Solitario is available online at www.solitarioxr.com.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking statements within the
meaning of the U.S. Securities Act of 1933 and the U.S. Securities
Exchange Act of 1934, and as defined in the United States Private
Securities Litigation Reform Act of 1995 (and the equivalent under
Canadian securities laws), that are intended to be covered by the
safe harbor created by such sections. Forward-looking statements are
statements that are not historical fact. They are based on the beliefs,
estimates and opinions of the Company's management on the date the
statements are made and address activities, events or developments that
Solitario expects or anticipates will or may occur in the future, and
are based on current expectations and assumptions. Forward-looking
statements involve a number of risks and uncertainties. Consequently,
there can be no assurances that such statements will prove to be
accurate and actual results and future events could differ materially
from those anticipated in such statements. Such forward-looking
statements include, without limitation, statements regarding the
Company’s expectation of closing the sale of its membership interest in
the Mt. Hamilton project with Waterton. it can give no assurance that
these expectations will prove correct. Additional risk factors
are discussed in Solitario’s filings with the U.S. Securities and
Exchange Commission (the “SEC”) including Solitario’s latest
Annual Report on Form 10-K and its other SEC filings (and Canadian
filings) including, without limitation, its latest Quarterly Report on
Form 10-Q. The Company does not intend to publicly update any
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as may be required under applicable
securities laws.
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