Azarga Uranium Corp.: Election of Directors Voting Results and Adoption of Majority Voting Policy
GREENWOOD VILLAGE, COLORADO--(Marketwired - Jul 14, 2015) - Azarga Uranium Corp. (TSX:AZZ)(OTC PINK:PWURF)(FRANKFURT:P8AA) ("Azarga" or the "Company") announces that the nominees listed in the management proxy circular dated 19 May 2015 for the Annual General and Special Meeting (the "Meeting") of the Company held on 30 June 2015 were all elected as directors of the Company. Detailed results of the vote for the election of directors held at the Meeting are set out below:
Votes For | % For | Votes Withheld/ Abstain | % Withheld/ Abstain | Broker Non-Votes | % Broker Non-Votes | |
| Alexander Bayer | 41,561,947 | 99.987% | 4,550 | 0.011% | 1,000 | 0.002% |
| Curtis Church | 41,551,935 | 99.963% | 14,562 | 0.035% | 1,000 | 0.002% |
| Richard F. Clement, Jr. | 41,562,007 | 99.987% | 4,490 | 0.011% | 1,000 | 0.002% |
| Joseph Havlin | 41,561,995 | 99.987% | 4,502 | 0.011% | 1,000 | 0.002% |
| Alexander Molyneux | 41,491,604 | 99.817% | 74,893 | 0.180% | 1,000 | 0.002% |
| Matthew O'Kane | 41,481,604 | 99.793% | 84,893 | 0.204% | 1,000 | 0.002% |
| Apolonius (Paul) Struijk | 41,491,604 | 99.817% | 74,893 | 0.180% | 1,000 | 0.002% |
| Kim Huatt Ng | 41,491,604 | 99.817% | 74,893 | 0.180% | 1,000 | 0.002% |
For further information regarding the voting results for matters considered and approved by the shareholders at the Meeting please see the Company's press release dated 8 July 2015 and the Company's Report of Voting Results, both of which have been filed on SEDAR at www.sedar.com.
The Company also announces that its board of directors (the "Board") has adopted a majority voting policy (the "Policy"). The Policy stipulates that if a director nominee receives more "withhold" votes than "for" votes at a meeting of the shareholders of the Company, such nominee will submit his or her resignation promptly after the meeting for consideration by the independent directors of the Company. The independent directors will make a recommendation to the Board after reviewing the matter and the Board's decision to accept or reject the resignation offer will be disclosed to the public within 90 days of the applicable shareholder meeting. During the interim period, while waiting for the decision of the Board, the nominee may continue to fulfill his or her duties as a director. The nominee will not participate in any committee or Board deliberations on the resignation offer. The Policy does not apply in circumstances involving contested director elections.
About Azarga Uranium Corp.
Azarga is a mineral development company that owns six uranium projects, deposits and prospects in the USA (South Dakota, Wyoming and Colorado) and Kyrgyzstan together with investment holdings in Anatolia Energy Ltd. (ASX:AEK) (12% legal ownership) and Black Range Minerals Limited (ASX:BLR) (19% legal ownership). The Dewey Burdock Project in South Dakota is the main initial development priority, which has received its Nuclear Regulatory Commission License and is in the process of completing all other major regulatory permit approvals necessary for operation of the project including those from the Environmental Protection Agency and the South Dakota Department of Natural Resources.
For more information please visit www.azargauranium.com.
Follow us on Twitter at @AzargaUranium.
Alexander Molyneux, CEO
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
Contact
Azarga Uranium Corp.
John Mays
Chief Operating
+1 303 790-7528
Azarga Uranium Corp.
Mark Hollenbeck
Dewey-Burdock Project Manager
+1 605 685-3376
info@azargauranium.com
www.azargauranium.com