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22.06.2020
MAG Reports AGSM Results

June 19, 2020, Vancouver, BC – MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company” - https://www.commodity-tv.com/play/mag-silver-corporate-teaser-2020/ ) reports that at its annual general and special meeting (the “AGSM”) held on June 18, 2020, MAG’s Shareholders approved by majority: to reduce the size of the board to seven; to elect all seven directors standing for re-election; to re-appoint Deloitte LLP as the Company’s auditor; to continue the Company’s Stock Option and Share Unit Plans; to amend and continue the Company’s Deferred Share Unit Plan; and to support the Company’s approach to executive compensation.

 

Detailed results of the total shares voted at the AGSM are set out below along with the votes in regards to Say on Pay.

 

 

Motions

Total Votes Cast

Total Votes For

Total Votes Against

%

For

% Against

Number of Directors

58,234,898

58,151,903

82,995

99.86

0.14

 

 

 

 

 

 

Nominees

Total Votes Cast

Total Votes For

Total Votes Withheld

%

For

% Withheld

Peter D. Barnes

58,234,898

58,085,499

149,399

99.74

0.26

Richard P. Clark

58,234,898

58,150,782

84,116

99.86

0.14

Jill D. Leversage

58,234,898

58,136,321

98,577

99.83

0.17

Daniel T. MacInnis

58,234,898

58,018,017

216,881

99.63

0.37

George N. Paspalas

58,234,898

58,153,666

81,232

99.86

0.14

Selma Lussenburg

58,234,898

58,156,220

78,678

99.86

0.14

Derek C. White

58,234,898

57,696,517

538,381

99.08

0.92

 

 

Total Votes Cast

Total Votes For

Total Votes Against

%

For

% Against

Stock Option Plan

48,488,643

41,213,219

7,275,424

85.00

15.00

Share Unit Plan

48,488,643

44,004,438

4,484,205

90.75

9.25

Deferred Share Unit Plan

48,488,643

44,164,544

4,324,099

91.08

8.92

Say on Pay

58,234,898

55,237,503

2,997,395

94.85

5.15

 

 

Total Votes Cast

Total Votes For

Total Votes Withheld

%

For

% Withheld

Appointment of Auditors

67,869,324

65,536,930

2,332,394

96.56

3.44

 

George Paspalas, President and CEO of MAG, extends his thanks to the Shareholders of the Company for their continued strong support.

 

About MAG Silver Corp.

 

MAG Silver Corp. is a Canadian advanced stage development and exploration company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed in a joint venture with Fresnillo (56%). The Juanicipio Project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp. The Juanicipio Joint Venture is currently constructing and developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation, with the operational expertise of Fresnillo, the project operator.  As well, an expanded exploration program is in place at Juanicipio with multiple highly prospective targets across the property.

 

For further information on behalf of MAG Silver Corp.

Contact Michael J. Curlook, VP Investor Relations and Communications

 

Phone:  (604) 630-1399 Website: www.magsilver.com

Toll Free: (866) 630-1399 Email:   info@magsilver.com

 

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info@resource-capital.ch

www.resource-capital.ch

 

#770 – 800 West Pender Street

Vancouver, BC  V6C 2V6

P: 604-630-1399

F: 604-681-0894

 

Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

 

This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions; the use of the net proceeds from the private placement is subject to change; political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

 

Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov                                                                               LEI: 254900LGL904N7F3EL14



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