Energizer Resources Inc. (TSX: EGZ; OTCQC: ENZR; FRANKFURT: YE5) (“Energizer” or the “Company”) announces the results of the Annual and Special Meeting of its Stockholders (the “Meeting”) held in Toronto, Ontario, Canada on December 11, 2013. All resolutions were passed with strong majorities of the common shares voted.
Resolution 1: At the meeting, holders of at least 91% of the outstanding common stock cast voted to approve the election of the following persons to serve as directors of the Company. Each director will hold his office for a term expiring at the next annual meeting of stockholders or until his successor is duly elected and qualified:
- V. Peter Harder
- John Sanderson
- Richard Schler
- Craig Scherba
- Quentin Yarie
- Johann de Bruin
- Albert A. Thiess, Jr.
The following are the results of the other matters presented at the Meeting. The percentages noted below are the “For” votes and expressed as a percentage of the total votes cast:
- Resolution 2: 97% ratified the appointment of MNP LLP, as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2014 and authorized the directors to fix remuneration;
- Resolution 3: 83% approved the Company’s Amended and Restated 2006 Stock Option Plan
- Resolution 4: 95% approved the Company’s private placement as outlined in the information circular;
- Resolution 5: 90% approved, on a non-binding basis, executive officer compensation through the “say-on-pay” resolution; and
- Resolution 6: for the non-binding “say-on-frequency” resolution, 47% voted for 1 year, 13% voted for 2 years, 38% voted for 3 years and 2% abstained from voting.
Following the Meeting, the Board of Directors of the Company approved the reappointment of the following executive officers:
- V. Peter Harder as Chairman of the Board
- John Sanderson as Vice Chairman of the Board
- Richard Schler as Chief Executive Officer
- Craig Scherba as President and Chief Operating Officer
- Peter Liabotis as Chief Financial Officer and Corporate Secretary
In addition to the executive officer appointments, Energizer formed a “compensation and corporate governance committee”. This committee will oversee the nomination of directors to the board, review and approve the compensation of senior officers and oversee other corporate governance matters. This committee is comprised of three directors: John Sanderson (Committee Chairman) and V. Peter Harder, both independent director’s plus Richard Schler, Energizer’s CEO. Further, Energizer appointed three independent directors to the audit committee: Albert A. Thiess, Jr. (Committee Chairman) as well as John Sanderson and V. Peter Harder.
About Energizer Resources
Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is focused on developing its 100%-owned flagship Molo flaked Graphite Project located near Fotadrevo, in southern Madagascar.
For more information, please visit our website at www.energizerresources.com or contact:
Brent Nykoliation, Senior Vice President, Corporate Development
Toll Free: 800.818.5442 or 416.364.4911
or Craig Scherba, President and COO
This press release may contain forward-looking statements. These statements relate to future events and are subject to risks, uncertainties and assumptions about Energizer Resources Inc. Examples of forward-looking statements in this press release include statements regarding the anticipated timing of the completion of the Offering and the Escrow Release Conditions. These statements are only predictions based on the Company's current expectations and projections about future events. Although the Company believes the expectations reflected in such forward-looking statements, and the assumptions upon which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers should not place undue reliance on these statements. Actual events or results may differ materially. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Many factors may cause the Company's actual results to differ materially from any forward-looking statement, including the factors detailed in our filings with the Securities and Exchange Commission and Canadian securities regulatory authorities, including but not limited to our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, our Annual Information Form and other filings with the Securities and Exchange Commission and Canadian securities regulatory authorities. The forward-looking statements contained in this news release are current as of the date hereof and are qualified in their entirety by this cautionary statement. Except as expressly required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.